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Corporate Social Responsibility

We want to create a safe, secure and healthy workplace

The people in Balco Group are our most important resource. All value creation takes place through our employees' competence, commitment, responsibility and endeavour to achieve both personal development and to improve and develop the Group as a whole. It is of the utmost importance that all employees have the best conditions to be able to perform their work in a stimulating, safe and secure manner. From an employer's perspective, this helps us both to retain the right expertise and to attract new talent to the group.

To live up to the expectations on us as an employer, we have set ambitious targets in line with the UN Agenda 2030 framework. The focus is mainly on UN goal number 8 - Decent work and economic growth - and specifically on target 8.8, which deals with how we as a group should act to protect the rights of our employees and promote a safe and secure working environment. Within the group, there are specifically three long-term goals linked to the UN goals:

  • Total sickness absence below 3.5 per cent of planned working time.
  • Staff turnover of no more than 8 per cent.
  • Vision zero for accidents.

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 2023 2022 2021
Sickness absence 3.7% 4.2% 3.5%
Staff turnover 9.9% 11.0% 8.3%
Accident rate 5.1 8.2 13.0

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.