New Wave Group Sustainability Report 2023 | Page 26

26 Initiatives and engagement
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The rights of freedom of association and collective bargaining
No child labor
Decent working hours
No discrimination
Occupational health and safety
Fair renumeration
THE CODE OF CONDUCT PRINCIPLES
Protection of the environment
No bonded labour
amfori BSCI ( Business Social Compliance Initiative ) is a global initiative for companies all over the world comitted to improve working conditions in the supply chain .
No precarious employment
Ethical business behaviour
Special protection for young workers
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CODE OF CONDUCT New Wave Group ’ s Code of Conduct is a policy which contains requirements such as minimum wage , working hours , prohibition of child labor and several other requirements from the ILO Conventions and the UN Declaration of Human Rights .
The Code of Conduct summarizes what we expect from our suppliers when it comes to social and environmental responsibility . We have adopted the Code of Conduct of amfori BSCI ( Business Social Compliance Initiative ), where New Wave Group is a member . Companies all over the world are working together , using the same Code of Conduct , meaning that more than 2 500 companies have adopted the code . Together we reach out to approximately 40 000 unique suppliers worldwide . As a member of amfori BSCI , New Wave Group is obliged to implement and follow up the Code of Conduct through third-party audits of our suppliers .
THIRD-PARTY AUDITS In addition to internal audits , the monitoring of the Code of Conduct is made through third party audits . An amfori BSCI audit is performed by professional auditors , accredited by SAAS ( Social Accountability Accreditation Services ). Our goal is to include all our suppliers located in risk
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GRADES FROM THIRD-PARTY AUDITS
1 . 70 % ( 67 %) Improvements needed ( BSCI C )
2 . 21 % ( 13 %) Outstanding and good result ( BSCI A + B , SA8000 )
3 . 6 % ( 10 %) SMETA
4 . 2 % ( 10 %) Other ( WRAP , ESEP , WCA )