EPSO-G raises the bar for the market - Group to start assessing suppliers’ sustainability practices

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The Board of the energy transmission and exchange group EPSO-G has approved the Supplier Code of Ethics. On the basis of this Code, all companies in the Group will, from 2023, start assessing the environmental, responsible employment, anti-corruption and human rights practices of suppliers involved in public tenders.

“EPSO-G Group’s companies are responsible for the smooth implementation of strategic energy projects, and we are therefore guided by sustainability standards in all our activities - we are not only committed to timeliness and efficiency, but also to the protection of human rights, transparency, the protection of the environment and the conservation of natural resources, and the health and safety of employees. It is only natural, then, that the effective implementation of such provisions must extend to the Group’s entire supply chain”, says Mindaugas Keizeris, CEO of EPSO-G.

According to him, the requirement to comply with EPSO-G’s Supplier Code of Ethics is primarily aimed at promoting the progress of suppliers working in the energy sector in the areas of the environment, human rights, working conditions, occupational health and safety and anti-corruption. It is expected that suppliers will also encourage their subcontractors to comply with the requirements set out in the Code.

From 2023, organisations participating in the EPSO-G Group’s public tenders will be required to commit to the Supplier Code of Ethics. EPSO-G’s companies will invite suppliers to provide information on their value chain and geography of their activity, policies applied, as well as employment, anti-corruption and environmental practices in order to monitor their compliance with the Code. Suppliers and their employees will also be able to report to EPSO-G any behaviour that violates the Code through the Trust Line channel.

EPSO-G’s Supplier Code of Ethics is based on the Organisation for Economic Co-operation and Development’s Guidelines for Multinational Enterprises (MNEs), the principles of the United Nations’ Global Compact, and some of the best sustainability practices of international energy companies.

Every year, more than 1 000 suppliers from Lithuania and abroad take part in EPSO-G Group’s tender activities. In the first nine months of 2022, the EPSO-G Group invested almost EUR 90 million in the country’s strategic energy infrastructure.

We invite you to take a look at the EPSO-G Group’s Supplier Code of Ethics.

Last updated: 21-12-2022