Suppliers

102-9, 102-10, 102-12, 102-16, 103-1, 201-1, 204-1, 407-1, 408-1, 409-1, 410-1, 414-1, 414-2

Grupo Financiero Ficohsa ensures that outsourcing suppliers comply with the hiring policies established by the Ministry of Labor Law, so that their employees are entitled to enjoy the benefits of payment and others.

The supply chain is an essential part of the institution’s operations, since the selection and certification of suppliers allows the Group’s management to be competitive, also guarantees its employees quality supplies so that the operations of the group’s companies are optimal.
The relationship with the chain is one of mutual trust, ethics, transparency, respect, constant communication and cooperation, which gives access to products and services that meet the immediate needs of the organization and generate positive impacts on administrative management, reducing risks and maintaining social commitment and transparency practices with customers.

This certification involves analyzing the legal situation of the company, its compliance with tax and labor regulations, and thus reducing the possibility of any type of non-compliance on the part of the supplier.
The means of prevention are the policies and frequent relationships that support the behavior that suppliers should practice.
The Procurement Department is a corporate area that deals with the requests of 7 Group companies, where procurement processes, contracts and supplier certification have been approved, with the aim of improving the relationship with the supplier.


301

NEW SUPPLIERS CREATED

100%

PERCENTAGE OF OUR SUPPLIERS WITH LEGAL CONSTITUTION

1831

SUPPLIERS IN THE SAP DATABASE

751

SUPPLIERS WE MADE BUSINESS


ETHICS CODE

Grupo Financiero Ficohsa instills in all its suppliers the optimal and correct manner, according to the law, to treat the employees of every organization. Sound arguments are established based on the respect of human rights, making employees feel satisfied in his/her daily functions.
The issue referred to child exploitation, is currently one of the most sensitive issues in society. Therefore, Ficohsa emphasizes this part, seeking that all its suppliers respect all Human Rights. The areas most exposed to this type of problems are the rural areas.

Grupo Financiero Ficohsa through the ethic code, promotes conducting business in an honest manner, complying with the legal provisions, adopting moral standards and the best commercial practices. Likewise, it shall comply the commitments established in the Ethics Code, commitment with the Environment, Human Rights, Discrimination or Harassment, Sexual Harassment, Excellence in Customer Service, and Ethic Competition. The non-compliance of this code is submitted to review, granting the Company the right to end the business relationship
100% of the security personnel is trained by the Company Ficohsa hires for this service, at least twice a year, on procedures of levels of use of force with a human Rights orientation.