NWG // SUSTAINABILITY REPORT
Characteristics of employees
Employee by gender 2024
Gender |
Number of employees( FTE) |
Male |
798 |
Female |
1 653 |
Total employees 2 451
The number of employees is reported in full-time equivalents( FTE) as of 31 / 12 2024.
Employees in countries where the undertaking has at least 50 employees representing at least 10 % of its total number of employees 2024
Country |
Number of employees( FTE) |
Percentage |
Poland |
246 |
10 % |
Sweden |
659 |
27 % |
USA 557 23 %
Employee turnover 2024 2024
Employees who have left |
294 |
Employee turnover i % |
12 % |
Totalt employees 2 451 conditions. This risk is largely due to poverty and inadequate social infrastructure.
Opportunities are primarily linked to creating local employment( the textile industry is often described as a driver of economic development in a country), capacity building, and the improvement of working conditions in countries where such changes are most needed. These improvements can result from implementing codes of conduct, setting requirements, and conducting follow-ups.
Policies and guidelines related to the workers in the value chain Alongside New Wave Group’ s Anti-Corruption Policy, the company applies the amfori BSCI Code of Conduct, as a member of the amfori BSCI initiative. The Code of Conduct is based on international frameworks, including the ILO Core Conventions and the UN Declaration of Human Rights. All suppliers sign the Code of Conduct as part of their business agreements. The principles of the code include:
# The rights of freedom of association and collective bargaining
# No discrimination, violence or harassment # Fair remuneration
Employee turnover indicates the number of employees who have left in 2024 divided by the average number of employees in 2024. The average number of employees in 2024 is calculated as the sum of the number of employees at the beginning and at the end of the year, divided by 2.
Diversity metrics
Gender distribution management 2024
Company management includes people with leading positions in all subsidiaries as well as members of the group management.
Distribution of employees by age group, share % 2024
Under 30 years old |
17 % |
30-50 years old |
51 % |
Over 50 years old 32 %
Workers in the value chain Material impacts, risks and opportunities New Wave Group operates within global value chains. There is an increased risk of negative impacts related to working conditions, equal treatment, and other labor rights upstream in the value chain, particularly in countries with production facilities that have less developed welfare systems and economic
# Decent working hours # Occupational health and safety # No child labour # Special protection for young workers # No precarious employment # No bonded, forced labour or human trafficking # Protection of the environment # Ethical business behaviour
Processes for engaging with workers in the value chain New Wave Group engages with workers in the value chain through its purchasing offices. These offices conduct internal audits, directly communicating with workers at production facilities, and coordinate annual independent audits where production units are evaluated against the Code of Conduct by third parties. Communication also occurs via phone, email, and digital platforms for business relations and other matters.
In Bangladesh, a key production country for New Wave Group, there is also ongoing dialogue with workers through inspections and measures under the International Accord for Health and Safety in the Textile and Garment Industry, which New Wave Group has signed.
078 // ANNUAL REPORT