Procurement practices

204-1
Proportion of spending on local suppliers

Identified omission: Percentage is not disclosed.

Reason for omission: Telenor promotes fair competition through transparent and professional sourcing processes and equal treatment of all suppliers. Telenor optimises its global sourcing power to exploit market opportunities and thereby obtaining more attractive total cost of ownership. All local business units shall use group standards, processes, and agreements where they are established. Suppliers in competition for contracts with Telenor shall be able to trust our selection processes.

As a result, we do not report the percentage of the procurement budget used for significant locations of operation spent on suppliers local to that operation.

See also: Telenor Code of Conduct and section “Anti-corruption” on page 68 in Telenor Annual Report 2020

UN Global Compact: SDG 1, 5, 8, 10