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Sustainable Business

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

Read more about our focus areas