NWG // SUSTAINABILITY STATEMENT
The CSR and Environmental Policy are aligned with key international frameworks, such as the UN Global Compact, the UN Universal Declaration of Human Rights, the ILO Conventions and Recommendations, the OECD Guidelines for Multinational Enterprises, global environmental protection treaties, the REACH legislation, and other national environmental protection regulations.
Supply chain Codes of Conduct New Wave Group actively informs its suppliers about the Group’ s commitments as set out in its supplier Codes of Conduct, as part of the commercial agreements. As a member of Amfori, the Group applies the Amfori BEPI( Business Environmental Performance Initiative) and Amfori BSCI( Business Social Compliance Initiative) Codes of Conduct.
Amfori is an international business association that supports companies in conducting trade in a sustainable, ethical and responsible manner throughout global supply chains. Amfori provides tools, audits, training and common standards that companies can apply together with their suppliers.
The Amfori BEPI Codes of Conduct focuses on requirements for effective management practices relating to energy use and emissions. Consequently, it takes into account the Group’ s material impacts related to climate impact from production and upstream energy consumption.
The Amfori BSCI Codes of Conduct focuses primarily on human rights, including labor rights— see further information under S2-1: Policies for workers in the value chain— but it also includes an item on“ protection of the environment”, which sets requirements regarding environmental management systems.
The Codes of Conduct apply to New Wave Group’ s manufacturing suppliers( upstream). They are applicable in all countries and regions where the Group conducts sourcing. The Codes of Conduct affect the Group’ s own employees working with procurement, as well as suppliers who are responsible for the practical implementation of the Codes of Conducts.
The Amfori organization is responsible for the development of the Codes of Conduct and for managing how input from relevant stakeholders is considered. New Wave Group approves and adopts these Codes through its membership and commits to implementing and following up on them throughout the supply chain. The Codes of Conduct are publicly available on Amfori’ s website and are hence accessible to relevant stakeholders.
The Codes of Conduct are aligned with key international frameworks, such as the UN Global Compact, the UN Universal Declaration of Human Rights, the ILO Conventions and Recommendations, and the OECD Guidelines for Multinational Enterprises. In addition, the Amfori BEPI Codes of Conduct is also based on relevant global environmental protection treaties, particularly the Montreal Protocol, the Basel Convention, the Convention on Biological Diversity, the Kyoto Protocol, the Stockholm Convention, the Minamata Convention and the Paris Agreement.
An overall review of the policy’ s implementation is carried out by the Group Management Team. The most senior position responsible for ensuring compliance with the Codes of Conduct is the Group’ s Head of Purchasing, who is based in Shanghai, China.
Supplier Handbook The New Wave Group Supplier Handbook is a manual for manufacturing suppliers that sets out principles and requirements for purchasing, production and suppliers, contributing to how the Group works with climate change mitigation and climate change adaptation. The manual outlines, for example, requirements regarding:
# Compliance with the Codes of Conduct # Information on product origin and subcontractors
# Use of chemicals in accordance with the Group’ s Restricted Substance List( RSL)
# Water management requirements # Quality requirements # Testing manuals
The manual covers the upstream value chain and is applicable in the regions where the Group conducts sourcing. The Codes of Conduct affects the Group’ s own employees working in procurement as well as the suppliers who are responsible for the practical implementation.
Group Management is responsible for the development of the manual, with input from the Group’ s Sustainability Department, whom approves it. The Purchasing Department, the Sustainability Department and the management teams of each subsidiary are responsible for implementing the manual in the purchasing processes. The manual is subject to an annual review by Group Management.
The manual is distributed to all suppliers that manufacture products for New Wave Group as part of the commercial agreements. In addition, the manual is available on the intranet for the Group’ s employees. The intranet is currently automatically accessible to all employees in subsidiaries whose IT systems fall under the Group’ s central IT department. Newly acquired companies are therefore, for example, not included in this automatic access. Employees without automatic access can be granted access upon request. New employees are informed about the policies as part of the onboarding process.
The manual is in line with New Wave Group’ s CSR and Environmental policy and Codes of Conduct and is thus consistent with international frameworks and industry practices previously described.
ANNUAL REPORT // 061