SUSTAINABLE PROCUREMENT POLICY

At One World Rental, we are committed to sourcing goods and services in a way that minimises our environmental impact, promotes ethical labour practices, and supports sustainable economic development. This Sustainable Procurement Policy outlines the principles and actions we take to ensure that our purchasing decisions align with our sustainability goals.

1. Purpose

The purpose of this policy is to:

Integrate sustainability into procurement processes and decisions.

Encourage suppliers to adopt environmentally friendly and socially responsible practices.

Reduce the environmental footprint of our operations and supply chains.

2. Scope

This policy applies to all procurement activities across One World Rental globally, including the purchase of goods, services, and equipment from suppliers, contractors, and third-party vendors.

3. Sustainable Procurement Principles

3.1. Environmental Responsibility

Eco-Friendly Materials: Prioritise suppliers that provide products with reduced environmental impact, such as those made from recycled or renewable materials.

Energy Efficiency: Procure equipment and technology with high energy efficiency ratings.

Waste Reduction: Minimise single-use packaging and promote the use of reusable or biodegradable materials.

3.2. Ethical Sourcing

Labour Standards: Partner only with suppliers who adhere to fair labour practices, including the prohibition of child labour, forced labour, and modern slavery.

Fair Trade: Where applicable, source products certified by recognised fair trade organisations.

Diversity and Inclusion: Support suppliers from diverse backgrounds, including small businesses, social enterprises, and minority-owned vendors.

3.3. Economic Sustainability

Local Procurement: Prioritise local suppliers where possible to reduce carbon emissions and support local economies.

Supplier Development: Engage with suppliers to improve their sustainability practices through collaboration and shared goals.

4. Implementation

4.1. Supplier Selection

All suppliers must complete a sustainability questionnaire as part of the onboarding process.

Suppliers are evaluated based on their environmental policies, labour practices, and certifications (e.g., ISO 14001, Fair Trade, or equivalent).

4.2. Contracting and Monitoring

Sustainability clauses are included in contracts to hold suppliers accountable for their commitments.

Performance is monitored annually, and non-compliant suppliers may face corrective actions or termination of contracts.

4.3. Staff Training

Procurement teams receive training on sustainable procurement principles and practices to ensure informed decision-making.

5. Measuring and Reporting

Key Performance Indicators(KPIs): Track metrics such as the percentage of eco-friendly products purchased, energy savings achieved, and supplier compliance rates.

Annual Review: Progress on sustainable procurement goals is reviewed annually and shared with stakeholders through internal and external reports.

6. Continuous Improvement

We are committed to continuously improving our sustainable procurement practices by incorporating feedback, staying updated on emerging trends, and collaborating with industry groups and NGOs

7. Responsibility and Accountability

All employees involved in procurement are responsible for adhering to this policy. Suppliers are expected to meet the standards outlined herein and collaborate with us to achieve mutual sustainability goals.

Contact Information

For questions about this policy or guidance on sustainable procurement practices, please contact:

Email: hr.admin@oneworldrental.com

Phone: + 44 (0)20 78621702

Signed:

One World Rental

OTHER LEGAL POLICIES

Supplier Code of Conduct

This policy sets clear expectations for ethical and responsible behavior from our suppliers, reflecting our core values. It addresses compliance with labor laws, environmental responsibilities, and ethical business practices.

Environmental Policy

A detailed plan for reducing our environmental footprint, focusing on energy efficiency and sustainable practices. This policy addresses areas such as waste management, carbon reduction strategies, and resource conservation.

Sustainability Policy

This policy details our long-term approach to integrating sustainability into all aspects of our operations. It covers goals for renewable energy adoption, sustainable product development, and stakeholder collaboration.

Corporate Social Responsibility (CSR) Policy

This policy outlines our commitment to positively impacting society and the environment through responsible business practices. It highlights community engagement, charitable contributions, and ethical governance initiatives.

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