Supplier Expectations
Babson College is committed to promoting lawful, sustainable, and socially responsible procurement practices. These Supplier Expectations describe our expectations for our suppliers to align with these practices.
Compliance with Laws and Regulations:
- Suppliers must comply with all applicable local, national, and international laws and regulations.
- Uphold ethical business practices and avoid engaging in illegal or unethical activities.
Labor and Human Rights:
- Suppliers shall treat their employees with dignity and respect.
- Prohibit child labor, forced labor, and any form of discrimination.
- Provide fair wages, safe working conditions, and reasonable working hours.
Environmental Responsibility:
- Suppliers should minimize their adverse environmental impacts.
- Promote sustainable practices, waste reduction, and energy efficiency.
- Comply with all applicable environmental laws and regulations.
Diversity and Inclusion:
- Babson encourages suppliers to promote diversity and inclusion of all persons.
- Seek opportunities to engage with minority-owned, women-owned, and other underrepresented businesses in compliance with applicable laws.
Anti-Corruption and Bribery:
- Suppliers must not engage in bribery, corruption, or unlawful practices.
- Maintain transparency and integrity in all business dealings.
Conflict of Interest:
- Suppliers must have a process that requires the prompt disclosure and appropriate management of potential and/or actual conflicts of interest.
Privacy and Data Protection:
- Protect sensitive information and respect applicable privacy rights.
- Comply with applicable data protection laws and regulations.
Continuous Improvement:
- Suppliers are encouraged to improve their practices continuously.
- Collaborate with Babson to enhance sustainability and social responsibility practices affecting Babson.
Accountability:
- In any case where expectations are not met, Babson will assess compliance and take appropriate actions accordingly.
Suppliers acknowledge their commitment to these Supplier Expectations by doing business with Babson College.
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