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Scentre Group has become a signatory to the Australian Supplier Payment Code, demonstrating the company’s support for prompt and on-time payment to its small business suppliers.
Under the Code, Scentre Group commits to pay its eligible Australian small business suppliers on time and within 30 days of receiving a correct invoice, and help its suppliers implement new technologies and practices to speed up invoicing.
Scentre Group CEO Peter Allen said: “We are fortunate to partner with many small businesses that help us deliver great experiences for our customers, retail partners and communities every day. We understand that in order to thrive, they need prompt and on-time payment.
“As a vertically integrated business, managing planning, design, development and construction, through to curation of our retail, service and experience mix and day-to-day centre management, our supplier relationships span a cross-section of industries and are fundamental to our business operations.
“Signing the Code demonstrates our commitment to partnering with our small business suppliers for the long-term. The Code aligns with our business practices and our values as a responsible, sustainable business.”
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Scentre Group expands its Westfield portfolio through the acquisition of a 50% interest in Booragoon