AVK sustainability report 2023 with links A4 - Flipbook - Page 46
OUR GOVERNANCE
Results at-a-glance in 2022/23
Goals and activities for the future
• The number of conducted on-site supplier
audits has increased from 24 to 72 in
2022/23
• A global People & Leadership function has
been established
• We will develop a comprehensive
sustainability business plan
• In the coming year, we will work to
optimise our process and documentation of
Code of Conduct
ESG management structure at AVK
The AVK Group consists of over 100 companies
that largely act as independent entities, which
gives AVK a fast adaptability and enables local
adjustments to our business and organisation.
incidents and consider them gross misconduct
and they may result in disciplinary actions.
ESG must be an integral part of AVK’s
business. Overall, the ESG area is managed
by a Sustainability Committee, and in 2021
a Group ESG function was established to
manage and ensure a centrally coordinated
and systematic approach to the ESG area. This
includes the ongoing involvement of global and
local specialist functions, including internal
networking groups.
In the coming years, we will have to comply
with the legal requirements arising from the
Corporate Sustainability Reporting Directive
(CSRD), European Sustainability Regulatory
Standards (ESRS) and Corporate Sustainability
Due Diligence Directive (CSDDD). Therefore,
during 2023/24, an overall sustainability
business plan will be developed to provide
an overview of requirements and integration
activities, including the preparation of a risk
analysis and a dual materiality analysis, which
will form the basis for future ESG work in AVK.
Anti-corruption
AVK does not accept any kind of action that
may be considered corruption, extortion, or
bribery. We have a zero-tolerance towards such
46 | AVK Sustainability report 2022/2023
It is standard practice for the CEOs of the
AVK Group to sign our compliance policy,
which requires compliance with national and
international anti-corruption and anti-bribery
laws, upon employment. This policy is reviewed
annually during the board meetings of all
companies to ensure that it remains a key point
of attention in day-to-day business operations.
These practices should ensure that we avoid
breaches.
We have not identified any bribery and
corruption violations in 2022/23.
Our supply chain management and
collaboration
During the financial year 2022/23, we have
faced challenges regarding our raw material
supplies, suppliers’ energy resources and,
not least, the global logistics challenges. This
has resulted in increased attention to supplier
selection at AVK. Our top priority has been
to live up to agreements and ensure timely
delivery to our customers.
Part of this work has required an extra effort to
ensure that both existing and new
suppliers have been able to deliver while
complying with agreed requirements and
standards.
Despite the various challenges in our value
chain, we have managed to deliver to our
customers and integrate new suppliers. These
suppliers have been subject to our normal
approval processes, including supplier audits,
which ensure responsible behaviour.
Quality and responsibility
Quality and responsibility are always decisive in
our supplier management and co-operation.
We only work with suppliers who guarantee
compliance with all legislation on safety,
environmental, climate, and human rights
legislation. We always choose suppliers who
comply with the relevant local environmental
and labour legislation, and all suppliers must
comply with our ethical standard, the Code of
Conduct, to be approved by AVK.
We work continuously and systematically with
registration, control, follow-up, and further
development of the supplier collaboration to
ensure compliance with the Group’s policies,
including the Code of Conduct.
Code of Conduct
With the specified supplier requirements and
the Code of Conduct, we want to make sure
their environmental impact is not larger than
necessary, that they respect human rights,
and that they do not use forced labour or child
labour. AVK’s Code of Conduct is integrated
into all purchase agreements with suppliers,
