- Time period
- January 2006 – December 2006
Electrolux communicates on sustainability with its stakeholders through the Annual Report and Sustainability Report, as well as the electrolux.com website and direct dialogue. The 2006 Annual Report includes the section Sustainability creating opportunities and managing risk which describes how sustainability is woven into the Electrolux Groups overall strategy. This section also includes a statement of support for the Global Compact (page 46).
The Electrolux Sustainability Report presents the social, environmental and economic performance of Electrolux from the perspective of four key issues that are most material to the company. These issues are also of relevance to the principles of the Global Compact:
1. Electrolux and climate change
2. Electrolux as an ethical employer and business partner
3. Responsible restructuring
4. Management of social and environmental issues in the supply chain
A fifth section, Brazil, is a case study of how Electrolux approach to sustainability is implemented in an emerging economy that is also a key strategic market for the Group.
A statement of support for the principles of the Global Compact is made on page 12 of the Report.
The report makes reference to the Global Reporting Initiative (GRI). A GRI matrix is available at the Electrolux website (www.electrolux.com/sustainability). Where relevant, references are made to the corresponding Global Compact principles.
The Electrolux Workplace Code of Conduct defines minimum acceptable work standards for all people involved in the manufacturing and sale of Electrolux products, in all countries, business sectors and occupations. The Code is in line with the nine original principles of the Global Compact and, thus, through the implementation and dissemination of the Code, the Group is actively working with the principles of the Compact. This work is described in the Annual and Sustainability report.
In 2004, Electrolux adopted an Electrolux policy on Countering Bribery and Corruption and expressed its support for the tenth principle of the Compact in respect to anti-corruption.
Electrolux is engaged in a network of Nordic companies, which meet regularly to share experience and discuss issues of mutual interest in relation to the Global Compact and social responsibility.
- Principles covered
- Principle 1 - Businesses should support and respect the protection of internationally proclaimed human rights
- Principle 2 - Make sure that they are not complicit in human rights abuses
- Principle 3 - Businesses should uphold freedom of association & effective recognition of the right to collective bargaining
- Principle 4 - The elimination of all forms of forced and compulsory labour
- Principle 5 - The effective abolition of child labour
- Principle 6 - Eliminate discrimination in respect of employment and occupation
- Principle 7 - Businesses should support a precautionary approach to environmental challenges
- Principle 8 - Undertake initiatives to promote greater environmental responsibility
- Principle 9 - Encourage the development and diffusion of environmentally friendly technologies
- Principle 10 - Businesses should work against all forms of corruption, including extortion and bribery