Home
/
 Sustainability

Governance

Procurement & Vendor Governance

At Sime, our commitment to excellence extends beyond our organisation. We work closely with our Vendors (such as Service Providers, Suppliers, Contractors and Consultants) to ensure that our values and principles are carried through in every aspect of our business operations.

Our Policies & Procedures

Strong procurement governance and vendor management are key to achieving Sime’s operational excellence. The principles of good procurement governance within Sime are strictly practised by maintaining and upholding our procurement policies and procedures.

To ensure the procurement best practices are in place, Sime developed a Group Procurement Policies & Authorities, which leverages on the Malaysian Government's Red Book - a set of procurement guidelines developed for Government Linked Companies.

Introduction

As our counterparts or business partners, Vendors* are expected to adhere to standards of behavior aligned to promoting a fair, honest and ethical business environment. Sime’s Code of Business Conduct (COBC), derived from the Group’s Core Values and Business Principles, provides guidance to these standards of behavior when dealing with or on behalf of the Group.

Description

The Vendor Letter of Declaration (VLOD) is a formal affirmation by any Vendor* who intends to conduct business transaction(s) with Sime, that the said Vendor:

  • will comply with all applicable laws or regulations;

  • is not involved with any offence of bribery, corruption or fraud; and

  • will not engage in bribery, corruption or fraud with Sime.

Objective

The VLOD is one of Sime’s procedures for the prevention of corruption that applies specifically to Vendors.

It is a compulsory requirement for Vendors to sign the VLOD upon registration so as to enable them to be selected as a prospective Vendor to be subsequently updated into Sime’s Approved Vendor List (if they pass the pre-qualification requirements).

* A Vendor refers to a person or business that supplies goods and/or services to Sime.

Vendor Code of Business Conduct

Download VLOD

All vendors are required to undergo the various processes involved including registration and pre-qualification.

Apart from ensuring our operational procurement steps are captured through clear terms and conditions with our vendors, Sime is also continuously implementing electronic procurement (eProcurement) capabilities to help put our policies and procedures in action.

Sime continues to work closely with our vendors to help ensure that these capabilities are mutually beneficial in our procurement activities. Some examples of our eProcurement tools are the Online Vendor Registration, eTendering, eBidding and Procure-to-Pay modules accessed through our Sime eProcurement Portal.

At Sime, we are committed to conducting our business in a socially and environmentally responsible manner. We recognise the significant impact our sourcing practices can have on both local and global communities, as well as the planet. Hence, this Responsible Sourcing Policy serves as the cornerstone to guide our operations and ensure that ethical, sustainable, and fair practices are upheld throughout our supply chain.

Responsible Sourcing Policy

Interested in being Sime's Approved Vendor?

At Sime, we are always on the lookout for new partners to assist us in reaching our goals and best practices. If you share our passion for delivering sustainable futures and are interested in offering your services to Sime, please visit our eProcurement Portal.

eProcurement Portal

Quicklinks

Sustainability Blueprint

 

Explore

Board of Directors

 

Explore

Board of Directors

 

Explore