The University's Organizational Culture and Ethical Business Conduct
The University's success hinges on a robust organizational culture that upholds ethical business practices in dealings with both internal and external partners. The institution is unwavering in its commitment to conducting activities in accordance with prevailing international and domestic laws, relevant standards, and internal regulations.
Engagement with Suppliers
As a significant entity in higher education, the University collaborates with over a thousand suppliers, ranging from large corporations to local small and medium-sized enterprises. Recognizing the pivotal role of ethical standards in business, the University places utmost importance on engaging partners whose economic, social, and environmental performance aligns with the highest ethical standards.
In addition to fostering ethical business conduct, the University actively promotes sustainability among its suppliers. Consequently, the University retains the prerogative to conduct audits, assessments, and evaluations of its suppliers from a sustainability standpoint. Throughout this process, the University is dedicated to addressing sustainability incidents and enhancing processes through collaborative efforts with its partners. It is crucial to underscore that the University prioritizes the confidentiality of its supplier partners' business secrets during the auditing process.
BBU Code of Conduct for Sustainable Suppliers
The BBU Code of Conduct for Sustainable Suppliers serves the purpose of delineating the rules governing ethical and lawful business conduct within the context of the University's mission in higher education and its strategic sustainability goals. This involves articulating principles governing supplier relationships, with a specific focus on sustainability, equality, the prohibition of active and passive corruption, and regulations pertaining to conflicts of interest.