15 About the report and sustainability work
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RISKS AND OPPORTUNITIES - ENVIRONMENT Environmental risks that affect our business and value chain include , among others , climate change , depletion of natural resources , environmental impact from production , and changing consumption patterns . Many environmental risks are closely related to risks for people .
With growing customer interest and gradually changing behaviors , we see increased opportunities to further accelerate the development of more sustainable and circular products and supply chains . This also enables us to steer the business towards more resilient and resource-efficient methods and thereby create positive impact and more meaningful , long-term relationships with suppliers , customers , and other stakeholders .
RISKS AND OPPORTUNITIES - SOCIAL Risks that affect people and human rights in our value chain are primarily related to working conditions , diversity , and the impact on communities caused by environmental destruction .
Respecting and promoting internationally recognized human rights is fundamental to everything we do . Our work is based on the implementation and follow-up of our Code of Conduct within the framework of amfori BSCI , of which New Wave Group is a member ( read more on page 25 ). Our due diligence regarding human rights is risk-based and applied within our own operations , throughout our value chain , and in the communities where we operate .
By promoting human rights , working to ensure good working conditions , and promoting inclusion and diversity throughout the value chain , we have the opportunity to help people reach their full potential and contribute to sustainable development in line with globally agreed goals .
HUMAN RIGHTS DUE DILLIGENCE New Wave Group conducts due diligence on human rights throughout the entire organization and value chain . Human rights-related risks in our value chain are identified and managed through the following activities :
– Due diligence . Systematic use of due diligence to identify risks and consequences related to human rights , and to prevent , reduce and address such issues in line with the UN Guiding Principles ( UNGP ). New Wave Group is a member of amfori BSCI and applies their framework and tools .
– Grievance mechanism and incident management . New Wave Group has a whistleblowing function that enables employees , shareholders , consultants , suppliers , and other stakeholders to safely and anonymously provide information about misconduct . More information about when , what , and how to report is available on the company ' s website . It is expected that business partners have equivalent complaints systems at the operational level .
– Policy development . Establishment and implementation of relevant policies and standards regarding human rights in daily operations , including internal social policies and sustainability commitments for suppliers ( regulated in the business agreement ).
– Stakeholder engagement . Collaboration and communication with stakeholders such as employees , customers , employers , unions , human rights experts , and civil society .