Proportion of spending on local suppliers at significant locations of operation.
Procurement from locally-based suppliers at significant locations of operation is 15,5% for HELPE and DIAXON (industrial facilities) and 96% for the Group’s marketing companies (EKO, HF, EKO BULGARIA, ΟΚΤΑ, HP CYPRUS, EKO SERBIA, JUGOPETROL), presented in detail in the “Sustainable Development & Corporate Responsibility Report 2017”, Chapter “Society”
Local suppliers, at HELPE and DIAXON, are defined as those based in municipalities adjacent to the Group’s industrial facilities. For the Group’s marketing companies (EKO, HF, EKO BULGARIA, ΟΚΤΑ, HP CYPRUS, EKO SERBIA, JUGOPETROL), local suppliers are defined as those based in the same country.
Significant locations are defined as the municipalities neighbouring the Group’s refineries/DIAXON.
The Group’s policy is to support the local market and local contractors, always in accordance with the selection criteria that we apply to our suppliers, such as safety, quality standards, competitiveness etc. In this context, the Group (along with other large companies) is investing in properly training subcontractors so as to ensure their ability to participate in Group’s projects.