Page 51 - Apraava Energy Report_01-73

Apraava Sustainability Report 2020-2021 51

Apraava Energy’s Procurement
Policy Framework

Apraava Energy designs fit-for-purpose sourcing strategies in terms of business ethics derived from the CLP Group's
to select suppliers who are best suited to meet requirements procurement policy framework.
and deliver most value. Supplier selections are typically
conducted through competitive tendering processes. All procurement commitments made are in adherence with
Apraava Energy’s contract terms and conditions outline Apraava Energy’s Company Management Authority Manuals
specific project sustainability requirements and expectations (CMAM), and must comply with Company policies, which include:

Standard
CLP Group's
CLP Group's Responsible Operating Procedures
procurement values Procurement Policy (SOPs) which set out
procedures to be
CLP Group's and principles which Statement (RePPS) followed by the staff
value highlight the which highlights the of Apraava Energy
framework procurement mission, Company's
governance, requirements and Group of Companies in
commitment and expectations their conduct of
strategies vis-à-vis suppliers operations for the
purchase
function

Assessing Supplier Performance expects them to adopt similar standards when doing
business with us. Considering the evolving stage of suppliers’
Effective supply chain management helps us in conserving maturity with respect to RePPS, over the past few years,
resources, reducing costs and increasing productivity of Apraava Energy has been gathering information from
operations. As part of our supplier relationship suppliers through questionnaires on various elements of
management, we review past performance, future business RePPS and creating a data repository.
needs, as well as technology and innovation roadmaps with
suppliers. While suppliers’ performance is measured under a Impact of Covid-19
structured framework, they are also invited to provide
feedback for bringing about continuous two-way In the recent past, the COVID-19 pandemic has had a severe
improvement in the long run. impact on global supply chains and Apraava Energy too has
been impacted. To overcome this challenge, we have
Apraava Energy encourages suppliers to abide by principles focused our energies on identifying potential risks and
stated in RePPS, as highlighted in the data below, and mitigation plans to ensure business continuity.