Sustainability goals

vedbergs Group’s goal is to run a business that promotes good health and good working conditions throughout the value chain. The Group sets high standards of responsibility for its own operations and for suppliers and other partners. Respecting human rights and ensuring that workplaces are safe and contribute to well-being is a high priority. The focus area has two measurable goals: healthy attendance in relation to total scheduled time should exceed 96.5 percent by 2030, and physical audits should be carried out at 20 percent of all Svedbergs Group’s suppliers every year

Respect for human rights

Svedbergs Group places great emphasis on ensuring that human rights are respected throughout its own operations and the operations of the Group’s suppliers. The Group’s Code of Conduct is the guiding principle. It is based on the key principles of the UN Global Compact and governs areas including human rights, environmental and labour conditions and business ethics.

The Group rejects all forms of forced labour, child labour and unsafe or unfair working conditions. To identify and manage risks relating to human rights, the environment and corruption, Svedbergs Group conducts annual risk analyses and evaluations in the supply chain. See page 63.

Good working conditions

Employees are essential for the profitability and development of the business. Svedbergs Group strives for a working environment that enables both employees and the organisation to develop. Clear goals, visions and values are essential to build a culture of inclusion.

Skills development and the training of employees is an important area. Internal training is provided regularly in various areas. Employee reviews are held annually with all employees.

Diversity and gender equality strengthen the corporate culture. Svedbergs Group is committed to promoting equality for everyone, regardless of gender, age, ethnicity or sexual orientation. This is reflected in the Group’s day-to-day operations and during recruitment. All employees should have equal conditions of employment, promotion and pay.

The Swedish companies in the Group are members of the Confederation of Swedish Enterprise and have signed collective agreements for all employees. In other subsidiaries, standard practice in each country is followed.

Health and safety

The health and safety of employees are top priority. All Group companies carry out systematic health and safety work, based on the health and safety policy, to offer a safe, attractive workplace. Any workplace accidents and incidents are reported and analysed so that measures can be taken to prevent similar events from happening again. Employees receive regular health and safety training and strong emphasis is placed on maintaining a high level of safety in production.

The Swedish companies offer wellness allowances and occupational health care. Sickness absence is monitored with the occupational health service..

Employee surveys

Employee surveys are carried out annually to gauge howemployees feel about their own situation.

Good business ethics and anti-corruption

Svedbergs Group does not tolerate any form of corruption, bribery, extortion or money laundering, and distances itself from any illegal restriction of competition, whether it involves employees, customers, suppliers or individuals working for or on behalf of the Group. An important tool in this work is the Group’s Code of Conduct, which must be accepted by both employees and suppliers.

If there is suspicion of irregularities such as bribery, conflicts of interest, insider trading, environmental crimes or safety defects, employees, customers and suppliers are all encouraged to report this. The Group’s whistleblower function, which guarantees anonymity and in which incoming cases are handled by an external party, is available to report concerns. Guidelines and information on the processing of personal data are published on the website.

Board members and those in senior positions in the Group receive training in stock exchange rules, including insider trading and conflicts of interest. People with temporary insider information are documented and registered in an event-driven insider register.

Responsible supply chain

Svedbergs Group attaches great importance to establishing good relationships with suppliers and ensuring control and responsibility throughout the supply chain in the areas of the environment, social conditions and corruption.

The Code of Conduct has been signed by all strategic suppliers. In 2023, the Group will require all suppliers to sign it. This work is organised by the Sourcing Council in Svedbergs Group.

Before an agreement is signed with a new supplier, a risk assessment and evaluation are carried out to check the supplier’s ability to ensure reliable deliveries of high-quality, affordable products as well as their ability to meet requirements for social and environmental responsibility. The Swedish Group companies conduct risk assessments with the support of amfori BSCI, a global business initiative that promotes responsible supply chains.

To ensure that high standards are maintained and that the Code of Conduct is complied with, the Group conducts regular risk assessments and dialogues with strategic suppliers. Based on the assessments, either in-house audits or external third-party audits of selected suppliers are carried out. In addition, a strategic supplier assessment is carried out once a year. In the event of any deviations and deficiencies, a list of measures is drawn up and the Group works with the supplier to remedy the deficiencies. In case of repeated deficiencies, partnerships and agreements are terminated. 

To ensure your anonymity – keep the following in mind:
Copy this link and type in your web browser. https://whistle.qnister.com/SvedbergsKoncern
Do not use the company’s computer or network.

Whistleblowing service
Information about processing of personal data Whistleblowing function.