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Corporate Social Responsibility

We want to create a safe, secure and healthy workplace

The people in our organisation are the most important resource we have. All the value we create comes from the skills, commitment, responsibility and desire of our employees to constantly develop themselves and the Group as a whole. That is why it is vital that our employees have the very best conditions to do their jobs in a stimulating, safe and secure way. This is important from an employer’s perspective, to attract and retain the right skills, now and in the future.

As part of our 2030 Agenda framework, we have chosen to link our health and safety work in general to the UN’s Sustainable Development Goal 8 – Decent Work and Economic Growth. We have linked specific business objectives to this. At Group level, we have chosen to measure total sickness absence, where the target is to be below 3.5% of total planned working time on an annual basis. Staff turnover is another key focal area that we measure and monitor across the Group. Some staff turnover is healthy for the Group, as it paves the way for new energy and skills to enter the company. The target here is a maximum of 8%. In addition, we measure the number of accidents, naturally aiming for zero. At the same time, we are aware that the risk of accidents is ever-present in a manufacturing and contracting business, but by striving towards our zero vision, we are constantly working towards a safer working environment.

Measures & targets

A safe, secure and healthy workplace

Total sickness absence to be no more than 3.5%
Staff turnover should not exceed 8%
Accident rate must be zero

Target fulfilment 2022 2021 2020
Sickness absence 4.2% 3.5% 3.2%
Staff turnover 11.0% 8.3% 5.8%
Accident rate 8.2 13.0 13.8

Read more about our focus areas


We strive to maintain a transparent business climate and high business ethics and we value the safety and respect of everyone affected by our business.

Our credibility and long-term success are based on our business principles, as described in our Code of Conduct. If you raise a suspicion of an action that violates our Code of Conduct, you have an important role to play. It gives us the opportunity to prevent or correct wrongdoing.

If you feel that you cannot be open with your identity, you are welcome to report your suspicions securely through our whistleblowing function. You can report anonymously and there are no reprisals that follow a report. The service is provided by the external provider Nordic Whistle. The service is available around the clock and the report can be made in the local language.

Notifications are handled by external legal representatives of Balco Groups. Access to notifications received via the whistleblowing function is limited. The representatives decide whether and how a notification should be taken further.