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THIRD-PARTY AUDITED FAC- TORIES IN RISK COUNTRIES We are aware of the responsibility that comes with sourcing goods in countries with different legal standards and labor conditions . New Wave Group strives to continuously improve working conditions in the global supply chain ( read more on page 14 ). An important tool is third-party audits to follow up the implementations of our Code of Conduct .
For the purchasing offices , we began measuring the amount of third-party audits in 2013 when New Wave Group became members of the amfori BSCI . At that time , 52 % of the purchases were made through
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factories that had undergone third-party audits . In 2019 , the corresponding figure shows as much as 96 %.
In 2017 , we broadened the scope and included purchases both through the purchasing offices and also the subsidiaries ' own sourcing ( not made through the purchasing offices ). For 2020 , the following goals were set for third-party audits of factories in risk countries : 90 % of total number , 95 % of purchasing volume and 100 % of purchasing volume through purchasing offices .
We can conclude that we have stepped forward , but did not reach all the way . The challenge lies primarily in the
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purchases made outside the purchasing offices , when the orders are often smaller and non-recurring .
We constantly strive toward having all factories in risk countries undergo valid third-party audits with good grades . Therefore , we choose to rephrase the goal to that 100 % of our factories - whether measured by the number of factories or purchasing volume - should have a valid third-party audit in 2025 .
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The Global Goals |
Third-party factories audited in risk countries |
% of total number of factories in risk countries
% of purchasing volume from factories in risk countries
% of purchasing volume from purchasing offices
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- 59 % 67 % 77 %
- 86 % 85 % 90 %
80 % 92 % 92 % 96 %
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100 % year 2025 |
Risk countries according to amfori BSCI ’ s definition |