Responsible procurement

We are working to ensure our culture of responsible business extends beyond our direct operations. We have targets to track and report supply chain diversity and integrate corporate responsibility criteria into the selection and evaluation process for all preferred suppliers.

Vendor Code of Conduct

Our Vendor Code of Conduct sets standards to which we require our supply chain partners to operate. In 2014, we undertook a detailed review of our processes used to request information from suppliers to ensure the importance of responsible business practices is reflected. As a result of this, we have enhanced our procurement systems and now ask new suppliers to sign the IHG Vendor Code of Conduct as part of the process of becoming a preferred supplier.

Vendor checking and accreditation

We continue to work with our suppliers to achieve an even better understanding of our supply chain base. Our suppliers provide relevant data to support our responsible procurement strategy.

Diversity in the supply chain

We operate a supplier diversity programme in collaboration with IHG's Global Strategic Resourcing team. This supports our commitment to provide suppliers equal access to purchasing opportunities and economic stimulus in a way that reflects the diversity of our guest base and communities. We track and report our supply chain diversity profile and during 2015 our spend with diverse suppliers was $62.4m, which increased from $51.6m in 2014.

We encourage our hotels to use environmentally friendly products and to source goods and services locally wherever possible. In 2015, we developed and rolled out a Sustainable Seafood Policy which applies to all IHG branded hotels globally and which clarifies that shark fin is not permitted to be served in our hotels' bars and restaurants. Our Food & Beverage teams partner with our Corporate Responsibility team to constantly scan and review opportunities to further responsibly source the food items served in IHG branded hotels.

Our responsible procurement priorities for 2016

We will continue to work with diverse suppliers across our markets and increase this spend as appropriate. In addition, we will continue to ensure that Corporate Responsibility  criteria is fully embedded in IHG procurement systems, forming an important decision criteria for preferred suppliers.