2004 Sustainability Report

  • 2006/01/13
Time period
  • January 2004  –  December 2004
  • 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 Annual Report includes the sections “Governance for Corporate Sustainability” which covers Corporate Governance (pp 85-95), Environmental Performance (pp 96-100) and Social Responsibility (pp 101-102), including a statement on the Global Compact. The Electrolux Sustainability Report addresses economic, environmental and social issues. The report contains three distinct sections – Our world, Our approach and Our metrics. The first part of the report takes up how Electrolux addresses key issues facing our industry – globalization, legislation and key environmental and social issues in the world today. The second part, Our approach, looks at how Electrolux has woven the concept of sustainability into the way the company works and into the company brand. The latter, Our metrics, provides the report’s backbone – in the form of tables and statistics reflecting company performance for 2004. A statement of support for the principles of the Global Compact is made on page 7 of the Report.The report makes reference to the Global Reporting Initiative (GRI). A GRI matrix is available at the Electrolux website. The matrix outlines where specific GRI reporting elements and core indicators are addressed in our 2004 Annual report, 2004 Sustainability report and the Form 20-filed with the US SEC and on the Electrolux website. 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 the course of 2004 Electrolux adopted an Electrolux policy on Countering Bribery and Corruption and expressed its support of the tenth principle of the Compact in respect to anti-corruption.

    The response from stakeholders to Electrolux efforts in this area has been very positive. In 2004, Electrolux engaged in discussions with a number of important stakeholders: Government representatives, NGOs, trade unions, employees, investors, analysts etc.

    Electrolux will continue to communicate on progress through reports, website, press releases and direct dialogue.

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
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