Management Approach

NOVATEK is building a sustainable and transparent supply chain by consistently embedding sustainability into its strategic and operational activities.

Procurement is a strategic element of the Company’s supply chain management system. The Company annually procures large quantities of goods and services and engages many contractors.

Our uniform procurement policies and principles are shared throughout NOVATEK, its subsidiaries and joint ventures.

NOVATEK’s key priority in supply chain management is operational continuity, so the Company seeks to ensure best value for money, requiring its suppliers to deliver high-quality goods, works and services on time. The Company strives to localize production as much as possible.

The Company’s sustainable procurement goals are as follows:

• Equal treatment, non-discrimination, and respect for fair competition among bidders
• Information transparency
• Compliance with NOVATEK’s business ethics, anti-corruption and HSE requirements
• Long-term relationships with key partners

The key documents governing the Company’s procurement activities are NOVATEK’s Procurement Policy, the Supplier Code of Conduct and the Regulations on Procurement of Materials, Equipment, Works and Services for NOVATEK.