Management of our supply chain is an important aspect of running our business efficiently and in a sustainable way. Terms and conditions for business transactions are agreed with suppliers and payment is made in accordance with these terms provided the suppliers’ obligations are met. The Company has no trade creditors. As at 31 December 2011, the average number of days of payments outstanding for the Legal & General Group of companies was 36 (2010: 34).
Suppliers are regularly assessed to ensure that they comply with our environmental, social and ethical policies.