EXPLANATION OF THE IMPACT Uneven growth at regional level remains a major impediment to the sustainable progress of the national economy, and the diversification of economic activities at regional level is key to achieving the Sustainable Development Goals and reducing disparities between regions. We focus on sourcing products from regional suppliers and establishing long-term partnerships with them. An important element of our strategy remains the development of the "TripleRO" (3RO) assortment, which includes processed products, packaged and with the main ingredient from Romania. By offering a regional assortment, we support local producers, contribute to improving the living conditions of Romanian farmers and local farms, and, indirectly, of the communities around them. To maintain a positive impact, we strive to be as connected as possible with the communities in which we operate, by providing regional products and through our private labels. Compliance with the 3RO conditions is done by Buying by receiving and archiving the declarations from the suppliers. Suppliers are audited according to the specific schedule related to Quality Management. HOW WE CONTROL THE IMPACT In order to meet the expectations of our consumers and, at the same time, to contribute to the strengthening of the national economy, we choose our commercial partners according to the type of products they offer. Our current collaborations with local suppliers guarantee us access to a permanent assortment of fresh and regional products, which enjoy the appreciation of customers, such as bread, fruit, vegetables or meat. We are continuously committed to increasing the proportion of regional products available at affordable prices. In addition, we pay special attention to the development of our private labels, which support Romanian producers and capitalize on traditional food products, representing a crucial factor in the advancement of the rural food sector. OUR IMPACT AND PERFORMANCE IN FIGURES Our long-term partnership with suppliers in the region is based on stability, fair prices, professional competence and, last but not least, the economic viability of the company. Improving business relationships with these suppliers is carried out through a gradual process, involving multiple stages, which may include the creation of product formulas that are successful in the market or the development of rigorously developed business schemes. This year we recorded an increase compared to last year's portfolio of 7% of local suppliers in Romania, representing over 90% of our total suppliers. In addition, over 88% of the 2024 procurement budget was used for products from suppliers in Romania. Regionality and local products MESSAGE FROM THE GENERAL MANAGEMENT SUSTAINABILITY STRATEGY AND GOVERNANCE ABOUT US AND OUR VALUE CHAIN ABOUT THE REPORT THE FUTURE IS MADE TODAY SUSTAINABILITY MILESTONES SUSTAINABILITY REPORT PENNY ROMANIA 2024 110/276
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