Code of conduct for suppliers
It is our ambition that our suppliers agree to our group-wide Code of conduct for suppliers. It is based on a number of guidelines, standards and norms, including the UN Global Compact's ten principles, the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights.
The code specifies the minimum standards required and expected of all suppliers to Vattenfall:
- We expect our suppliers to adhere to all laws, rules and regulations in the countries where they carry out their activities.
- We expect suppliers to apply these minimum standards to their subcontractors and sub-suppliers.
- We expect our suppliers to always strive to apply both international and industry best practice.
Striving for continuous improvement
We are also adopting a group-wide approach to implementing Vattenfall’s Code of Conduct for Suppliers, based on three steps.
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1. Initial risk assessment
Initial risk assessment of country, sector and supplier.
Audits, desktop reviews and/or site visits to evaluate the supplier's performance.
Monitoring and follow-up of corrective actions, to ensure continuous improvement.