Sustainable Business

Business ethics and strategy are required for sustainability efforts

A prerequisite for Balco Group to achieve its business objectives is that the business is conducted in a fair, legal and economically sustainable manner. Through a clear division of responsibilities between the Board and management, as well as a strong commitment to sustainability issues, the Group will achieve its strategic goals.

Maintaining correct and ethical behaviour is essential to preserving Balco Group’s reputation. Balco Group complies with local laws, rules and regulations in all countries where the Group operates. Corresponding requirements are also imposed on all business partners with whom Balco Group collaborates with. 

The governance of Balco Group is defined in the Group's policy documents, which affect all parts of the business. Balco Group attaches great importance to implementing the regulations and continuously trains staff in sustainability issues.

Balco Group is governed by the following policy documents, which are reviewed and adopted annually by the Board of Directors: Insider Policy, Communications Policy, Sustainability Policy, Finance Policy, IT Policy, Information Security Policy, Corporate Governance Policy, and Balco Group's Code of Conduct. The policies were reviewed in March and December 2024, and found to be current, with only a few minor adjustments made.