Supply Chain Management

We believe that a responsible market infrastructure should involve the entire value chain, with the active participation of suppliers and partners.

We have established rules of conduct and processes to ensure all B3´suppliers and partners adopt best governance practices, respect human rights and are aligned with B3´s standards on data privacy and protection, business ethics, and other relevant topics

Our objective is to mitigate potential negative situations that could have an impact on our operation, the market and society, while also keeping our suppliers accountable on adopting sustainability best practices.

Supplier Approval

We have a process in place to identify potential ESG and Human Rights risks in our value chain, and actions that aim to avoid and mitigate potential negative situations that could impact our operation, the market and society.

Through the approval process we also seek to engage our suppliers regarding adherence with sustainability best practices.

The supplier approval process includes the following steps:

1. Reputation analysis to identify potential risks
2. Document analysis to identify compliance with B3´s code of conduct
3. ESG assessment for higher risk suppliers

Once approved, the supplier must:

4. Formally commit to following the Code of Conduct for Suppiers, Service Providers and Partners
5. Participate in preventive training covering topics such as human rights, occupational health and safety, data protection and adherence to the code of conduct

After the start of services, all suppliers are periodically re-evaluated.

We also perform a reputational analysis to identify critical points regarding Politically Exposed Persons (PEP), negative press, stakeholders engagement and former employees.

In accordance with the supplier’s industry, if it is considered critical for sustainability issues, during the approval process the supplier answers a specific survey about adherence to ESG best practices.

Code of Conduct and Reassessment

Once approved, suppliers need to follow the Code of Conduct for Suppliers, Service Providers and Partners of B3.

The document covers matters such as prevention of child, forced or slave labor; preventing prejudice, discrimination and harassment; respect for environmental legislation, and more.

During service provision, the status of the supplier is periodically reassessed. In this process we assess the registration status, financial health, reputation and negative press of the suppliers during the term of the service contract.

access the code of conduct here