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H. Service Providers to VASPs

1. When selecting service providers, VASPs should carefully consider the impact of their decision to contract with a service provider on all stakeholders. This includes taking into account the VASP’s social and environmental responsibilities and whether the decision to contract with a service provider would have any negative impact on the VASP’s ability to discharge such responsibilities.
2. With regard to service providers and, if applicable, their sub-contractors, VASPs should be satisfied that the service provider acts in an ethical and socially responsible manner and adheres to international standards on environmental protection and appropriate working conditions.