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Certifications

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Bankia was the first financial institution to obtain accreditation for its procurements management system.

The bank renewed its UNE 15896 Standard on value-added procurements management accreditation in 2017, which was developed in Brussels by all of the European Procurement Associations, including AERCE (the Spanish Association of Purchasing, Procurement and Provisioning Professionals). This is a key milestone for the bank as it was the first financial institution to obtain and keep this accreditation, which encourages ongoing improvements, minimises risks, and ensures sustainability criteria are adhered to in procurements management.

Following the evaluation guidelines of AERCE, Bureau Veritas is the accreditation agency that verifies compliance with the requirements of the aforesaid standard, certifying aspects such as internal organisation, supplier management, whether the procurements policy is suited to a company’s needs, and the extent to which a company’s operation comply with environmental, ethical and sustainability criteria.

Bureau Veritas certifies that the bank’s Procurements Management System has been audited and was found to be in compliance with the UNE-15896 Standard.

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