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Third Party Risk Management

At QGMI, we seek to establish safe and long-lasting relationships with our business partners and suppliers, ensuring the proper and responsible development of our activities. Our aim is to promote business practices that comply with legal standards and ensure that our third parties share QGMI’s principles of ethics and sustainability. 

Our Third-Party Risk Management (TPRM) policies are a key element of the Ethics and Compliance Programme. They help QGMI make sound decisions and mitigate risks in relationships with third parties, assessing potential risks prior to contracting to ensure that all parties involved not only observe but also uphold our values and objectives.

Our TPRM system enables real-time management of the supply chain and other third parties. It rates the level of risk and determines the necessary actions to mitigate it, automatically rejecting those who do not meet our criteria. Since 2016, we have vetted more than 3,000 third parties, including suppliers, business partners, donations, gifts, and hospitality.

TPRM provides a holistic view of the organisation’s risk profile, assessing suppliers in accordance with ABC (Anti-Bribery and Corruption), AML (Anti-Money Laundering), and Human Rights criteria, as well as ESG (Environmental, Social, and Governance) standards. It manages the supply chain in real time to prevent crimes, labour and environmental risks, ensuring adherence to our ethical values and reducing exposure to third-party-related risks.

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QGMI is a global infrastructure group specialising in the development, structuring and implementation of civil engineering and construction projects. 

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Third Party Risk Management

Our Third-Party Risk Management System is designed to act preventively in identifying third parties and managing associated risks. It is an electronic, automated, and parameterised system integrated into our payment platform, enabling almost instantaneous screening of the reputational and financial aspects of third parties at the contracting stage. In this way, we support the procurement area in identifying the best suppliers in the market—those who share QGMI’s commitment to quality and social responsibility—while reducing our exposure to third-party risk. Our decentralised due diligence process allows the organisation to operate with confidence in the markets where it is present. 

Waste Management

We manage waste in an integrated manner by separating it, processing it through composting, and evaluating its flows. The compost produced is reused in reforestation projects.

GPS Control System

This control system enables operators to level and move earth with greater precision and speed, resulting in increased productivity, lower operating costs, and high-quality results.

SAE (Electronic Monitoring System)

Developed by our IT team, the SAE monitors the activities and working hours of both personnel and equipment in real time, reducing the time required to access performance indicators. It includes an application that reads QR codes assigned to equipment and staff and works even when no network is available. Benefits include improved cost management, enhanced productivity control, and a positive contribution to environmental sustainability.

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