Procurement

Our commitment to DEI extends beyond our company walls and we strive to be a responsible and inclusive corporate citizen, making an impact in our industry and communities we serve. 

Decisions made when we purchase products and services and the immense cumulative power of our spending on managed properties can make a positive impact on the environment, the economic opportunities of underserved communities, and the standing and reputation of our clients. We have developed a supplier/vendor code of conduct to ensure that each vendor employed at RiverRock managed assets, and our own corporate offices, is committed to sustainable practices, fair employment practices, and strict adherence to all applicable laws and regulations.

We have created and are distributing a supplier survey to allow us to better understand the environmental, employment and ownership practices of these vendors and will annually share specific data with each client. We will favor suppliers and contractors who have embedded sustainability into their business practices and supply chain, and we will commit to give preference to diverse and socially responsible firms whenever possible.

In 2022 we developed a supplier/vendor code of conduct to ensure that each vendor employed at RiverRock managed assets, and our own corporate offices, is committed to sustainable practices, fair employment practices, and strict adherence to all applicable laws and regulations. We additionally developed and introduced a vendor survey and monitoring program to collect details on these practices, including DEI related ownership details.

With these results we are now able to annually report specific details of vendor responses and ownership profiles to our clients. During 2022 we determined that 92% of our largest vendors, representing 67% of our more than $85 million in controllable spend, are including aspects of ESG and DEI principles in their business practices.