ENSURING TRANSPARENCY & PROPER BUSINESS CONDUCT ACROSS THE VALUE CHAIN

 

Demands on companies in respect of transparency, ethical and responsible business conduct as well as managing human rights are increasing rapidly. We want to play our part in ensuring that business is done in a responsible and ethical manner and work with our suppliers and business partners to do so.

To aid our evaluation of suppliers we are members of the Business Social Compliance Initiative (BSCI), providing us with a framework and tools for auditing suppliers and improving working conditions among suppliers in high-risk countries. Our CEO has signed the United Nations Global Compact, committing us to implement sustainability principles and support UN goals.

 

Focus areas

·         Supplier program to ensure high social, environmental and ethical standards

·         Managing high-risk suppliers

·         Traceability in the supply chain – knowing where our materials come from

·         Communicating our progress based on data in a transparent manner in a sustainability report

 

Goals for 2024

·         Responsible procurement measures are well implemented and functioning

·         Perceived as a trustworthy partner based on well-documented sustainability performance

·         Communicate openly about our sustainability performance in a short and clear annual sustainability report

 

Progress in 2023

·         All our cotton shell suppliers were audited according to BSCI standards, demonstrating they provided satisfactory working conditions 

·         Upgraded the quality control processes at our cotton suppliers to reduce cotton waste 

 

For more about our actions and progress on this topic, download our 2023 sustainability report. 

Fossflakes Sustainability Report 2023

 

Next: Attractive workplace