Page 75 - ADOC Sustainability Report

ADOC 2021 SUSTAINABILITY REPORT

Job creation Employment
within UAE opportunities for UAE
and beyond
nationals through CBTP

Indirect

Economic

Performance
Creation of contracting
Market development service opportunities
and stability creation for projects and ongoing

for ADOC suppliers operations support

PROCUREMENT

A total of 225 suppliers were procured by ADOC PT Department to provide various equipment, materials and services.
Almost all the local suppliers were selected from an approved list of vendors based on a stringent set of criteria through the
ADNOC Commercial Directory. This is a repository of approved partners permitted to provide services to the ADNOC Group
Companies. The Commercial Directory has a screening process to ensure a qualified, competitive, and sustainable supply chain
of partners and service providers. All potential partners and service providers should be registered and prequalified to do
business with any of the ADNOC Group Companies. The prequalification assessment is part of ADNOC's due diligence of a
new relationship with a Supplier. We also actively engage with our key stakeholders, particularly our Contractors and Suppliers,
to manage economic, environmental, and social impacts, risks, and opportunities.
We also engage in free and fair transactions in accordance with our Code of Conduct, and endeavor to promote mutual
prosperity with our Contractors and Suppliers. Through the Code of Conduct, we also screen Contractors and Suppliers by
assessing a set of criteria to ensure proper selection.

Compliance
Our commitment to boosting the local with Laws and
economy is reinforced by hiring local Suppliers Regulations
in line with ADNOC’s In Country Value Mangement
(ICV) program. This initiative is a key enabler Policies Technological
in enhancing in-country manufacturing, Capabilities
local procurement, employment of Emirati ADOC
Nationals and local investment. Overall, 92% Procurement
Ability to
of the total spending on procurement was on Financial Screening Offer Stable
local vendors. There was a 4% increase on local Condition Criteria Supplies
spending from 2020 (88%), demonstrating a
continuous focus towards purchases from local Approach to Quality and
vendors, which supports the local economy. Environmental Price of the
Preservation Services

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