Sustainability Report 2021 | Page 17

17 Towards a sustainable profitability
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QUESTION !
What are the advantages of being a member of amfori BSCI ?
The membership comes with many advantages . The harmonization helps us to create transparency and precision in our supplier requirements . At the same time , we minimize costs and administration related to the monitoring process for both members and suppliers . Through amfori BSCI we can request an audit and share the reports with other members . Cooperating with other brands further improves our ability to implement changes , as we will have a stronger voice together . More and more companies are realizing that common challenges are best handled with joint forces .
- Anni Sandgren , CSR and Sustainability Manager , New Wave Group
Together the members of amfori BSCI reach out to approximately 30 000 unique suppliers worldwide .
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 ). Companies all over the world are working together , using the same Code of Conduct , meaning that more than 2 000 companies have adopted the code . Together we reach out to approximately 30 000 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 .

amfori BSCI

amfori BSCI is a global initiative for companies all over the world comitted to improve working conditions in the supply chain .
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 countries in amfori BSCI or an equal monitoring system and that the audit should result in a good grade .
An amfori BSCI-audit results in an overall grade between A-F to summarize the supplier ’ s performance . The audit takes into account the actual working conditions as well as management systems and policies established to ensure a systematic work . In total , 13 different areas are assessed , corresponding to the requirements in the Code of Conduct . The most common grade is C , which can be translated into “ Acceptable ”. There are usually some non-compliances that must be handled , but the labor conditions do not violate the Code of Conduct or pose an immediate threat to workers health and safety . Common noncompliances could be excessive overtime work or lack of documentation . To address such issue requires dedication and the ability of production planning . It is important to have a long-term perspective and work for continuous improvements . All suppliers have signed the Code of Conduct as part of the Business Agreement .