Page 58 - Abu Dhabi Oil Co Ltd. (Japan) - Sustainability Report

ADOC 2022 SUSTAINABILITY REPORT

Procurement qualified to do business with the ADNOC group
of companies. Prequalification is part of ADNOC's
due diligence when entering into a new relationship
ADOC PT division has utilized a total of 225 suppliers with a supplier. We also actively engage with key
to procure various equipment, materials and services. stakeholders, especially contractors and suppliers, to
All local suppliers are selected from the ADNOC manage economic, environmental and social impacts,
Commercial Directory's list of approved suppliers risks and opportunities.
based on a stringent set of criteria. This is a collection In accordance with our Code of Conduct, we
of approved partners approved to provide services promote mutual prosperity with our Contractors
to ADNOC Group companies. The Commercial and Suppliers by engaging in free and fair transactions.
Directory has a screening process to ensure a It is also through the Code of Conduct that we
qualified, competitive, and sustainable supply chain of screen Contractors and Suppliers by assessing a set
partners and service providers. All potential partners of criteria to ensure proper selection.
and service providers must be registered and pre-

Hiring local Suppliers in line with ADNOC’s In Country Value (ICV) program boosts the local economy, which
falls in line with our commitment. This initiative is a key enabler in enhancing in-country manufacturing, local
procurement, employment of Emirati Nationals and local investment. A high percentage of 93% of the total
spending on procurement was on local vendors. There was a 1% increase on local spending from 2021 (92%),
demonstrating a continuous focus towards purchases from local vendors, which supports the local economy.

ADOC Procurement

Screening Criteria

Compliance with Laws and Regulations

Management Policies

Financial Condition

Approach to Environmental
Preservation

Technological Capabilities

Ability to
Offer Stable Supplies

Quality and
Price of the Services

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