Supplier
Lean management
Topyang and its subsidiaries implemented the ISO 20400: 2017 Sustainable Procurement Guidelines in 2018 to influence its upstream suppliers by incorporating concepts of sustainability into its procurement practices, and became the first financial institution worldwide to obtain the certification. We established the Topyang Sustainable Procurement Policy and a complete sustainable procurement procedure based on risks identified in the procurement process and the seven core principles of sustainable procurement. We are systematically working with our suppliers in corporate sustainability via an online procurement platform, self-assessment and management of sustainability by suppliers, the Sustainability Value Declaration signed by 100% of suppliers, fulfillment on sustainability related education and training, and annual supplier conferences, emphasizing the regulatory compliance of suppliers, protection of human rights, and creation of local employment opportunities.
Contract Regulation
Topyang added a CSR clause to the supplier contract in 2012 which explicitly requires suppliers to comply with regulations regarding employment conditions, workers’ health and safety, environmental protection, and labor rights.
Supply Chain Management
Topyang has over 200 suppliers that provide services, equipment, and construction, including computer equipment, human capital, furniture, printed materials, office supplies, construction, and mechanical and electrical engineering. The services provided by suppliers allow us to operate smoothly. Topyang properly manages its supply chain in accordance with ISO 20400: Sustainable Procurement Guidelines, in order to lower the environmental and social impact of the service process, and also drive local economic and environmental growth.