NWG // SUSTAINABILITY STATEMENT
Governance information
G1 Business conduct
New Wave Group has identified the following material impacts, risks and opportunities related to business conduct *:
Material impacts, risks and opportunities related to business conduct
Related policy considering the management of material impacts, risks and opportunities related to business
The policy is described in detail in the relevant section of this report.
Impact- Incidents related to corruption, bribery and unethical business practices
Impact – Whistleblower
Impact – Supplier relations
Risk- Compliance with business ethical standards
Risk / opportunity – The Group’ s reputation
Corporate Governance Policy- Provides a framework for the Group’ s guiding principles and values, its approach to conducting business, and its stance on human rights.
Anti-corruption policy
- Guidelines for how the Group’ s employees are expected to act in situations where they represent New Wave Group, in order to prevent and combat all forms of corruption, including bribery and other unethical conduct.
Whistleblower policy- Ensures that consumers, end users and other stakeholders have access to a safe and effective mechanism for reporting severe grievances
Finance policy- Instructions for financial and internal control, including ensuring that goods and services are procured by authorized personnel.
Adopted supplier Codes of Conduct( Amfori)- Principles for exercising due diligence with respect to human rights and environmental protection in global supply chains
Supplier Handbook- Instructions and requirements for manufacturing suppliers. These include, among other aspects, requirements for suppliers and subcontractors regarding information on origin, reference to codes of conduct, compliance with the Restricted Substance List, water management requirements, quality standards and testing manuals.
Risk policy- Considers the Group’ s risk management
S1 / G1 page 78 / 89
G1 page 89
S1 / G1 page 78 / 89
G1 page 89
E1 / S2 page 60 / 83
E1 page 60
S1 / G1 page 78 / 89
* Further information can be found in chapter ESRS 2 General Disclosures, under section SBM 3: Material impacts, risks and opportunities and their relationship with strategy and the business model.
G1-1: Corporate culture and business conduct policies and corporate culture New Wave Group’ s Corporate Governance policy, which is described in general under S1 1: Policies related to own workforce, establishes the principles for responsible business conduct, which are further defined in separate policies such as: retagande som definieras närmare i separata policyer som:
# Anti-corruption policy: Establishes the guidelines for how the Group’ s employees are expected to conduct themselves in situations where they represent New Wave Group, thus addressing material sustainability related impacts, risks and opportunities associated with bribery and corruption. The purpose is to prevent and combat all forms of corruption, including bribery and other unethical behavior, and ensure that New Wave Group complies with applicable laws and international standards, as well as to protect New Wave Group’ s reputation while building trust among employees, business partners and other stakeholders.
# Whistleblower policy: Establishes the commitment to ensure that employees, shareholders, consultants, suppliers and other stakeholders have access to a safe and effective mechanism for reporting severe grievances. Protection against retaliation applies to everyone who submits a report. Reported cases are handled through investigations and, where relevant, corrective actions. More detailed information on the whistleblowing portal and the associated handling process can be found under S1-3: Processes to remediate negative impacts and channels for own workers to raise concerns.
# Finance policy: Provides the instructions for financial and internal control with the aim of achieving a well‐functioning and effective control environment. This includes instructions for internal control within the purchasing and inventory management processes to ensure that goods and services are procured by authorized personnel, that purchases are made under the best possible terms, and that inventory is handled correctly. Payments may only be made for goods and services that actually have been received and in accordance with the agreed payment terms.
ANNUAL REPORT // 089