Corporate Social Responsibility
How the group promotes a safe and secure workplace
Balco Group’s most important resource is its people. Value is created through the skills, commitment and responsibility of our employees. As a result, workplace conditions and ensuring a safe workplace are therefore of the highest priority in Balco Group's sustainability work.
Balco Group has set ambitious goals in line with the UN's 2030 Agenda framework. Our focus is mainly on the UN's Goal 8 – decent working conditions and economic growth – and specifically on sub-goal 8.8, concerning how we as a group act to protect the rights of our employees and promote a safe and secure work environment. Based on the framework, the Group has established three long-term workplace objectives:
- Total sick leave below 3.5 percent of planned working hours.
- Staff turnover of no more than percent.
- Zero workplace 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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Sick leave | 3.6% | 3.7% | 4.2% |
| Staff turnover | 7.8% | 9.9% | 11.0% |
| Accident rate | 11.4 | 5.1 | 8.2 |
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.