A strong foundation for prosperous growth
Business ethics and governance form the basis for Balco Group's overall sustainability work. Our foundations - working in the long term, creating products with high quality and long service life with properties that enable reuse or recycling - enable us to achieve good circular economic growth where we can ensure stable financial results and long-term profitability.
It is important that Balco Group generates a surplus of capital and we recognise that our business has a direct economic impact on a variety of stakeholders through increased property values, direct salary, remuneration or returns.
Our Code of Conduct (CoC) sets out our approach and requirements on a number of important issues such as anti-corruption, human rights, whistleblowing and ethical rules. A separate CoC has been developed for the supply chain, which each supplier must comply with.
Measures & targets
Code of Conduct
Supplier Code of conduct must be accepted by 100% of strategic suppliers and the number of reported and confirmed breaches of the code of conduct must be zero.
Target fulfilment | 2023 | 2022 | 2021 |
---|---|---|---|
Acceptance rate | 100% | 100% | 94% |
Reported breaches | 0 | 1 | 0 |
Confirmed breaches | 0 | 0 | 0 |