How we buy?
In Telefonica, all purchases are made according to a common management model, characterized by the globalization of purchases, without losing focus on the local needs of the different countries and the lines of business, and ensuring a coordinated and transparent management with our suppliers.
We are aware of the impact of our activity in the society and, therefore, we seek more efficient and innovative processes, relying on the new technologies and E2E digitalization throughout the purchase process, which allow us to contribute positively to achieve a more sustainable environment.
Our commitment to sustainability is present in all our relations with our suppliers, developed on the basis of sustainable procurement model, according to which we ask our suppliers to comply with the Minimum Criteria for Responsible Business. These ethical, social, environmental and privacy standards are included in our Supply Chain Sustainability Policy
Our Procurement Process includes the following stages:
Both this process and the subsequent relationship between Telefónica and their suppliers must be governed by the transparency, equal opportunities, objective decision-making and sustainable management of our supply chain, which are the values in which our Business Principles are based.