Code of conduct

We work with suppliers who share our commitment to responsible business practices. In 2016, 99% of VELUX suppliers signed the VELUX Code of Conduct, and we are close to our goal of 100%.

All supplier have to sign our Code of Conduct
Policy and Goals
The VELUX Group works with suppliers who share our commitment to responsible business practices. Supporting high standards of labour, environment, human rights and anti-corruption is an integral part of the VELUX way of doing business, founded in the Model Company Objective.

We form long-term partnerships based on the requirements of the VELUX Code of Conduct for Suppliers. We monitor compliance and develop the partnership through regular audits. The goal is that all product related suppliers have signed the VELUX Code of Conduct.

Activities
The VELUX Code of Conduct for suppliers focuses on three issues:

  • Employee conditions: specific requirements, such as standards for healthy working environment and treatment of workers within applicable legal and non-discrimination policies
  • Environment: all suppliers must have a written environmental policy or statement
  • Monitoring: the VELUX Group reserves the right to monitor suppliers to assess their compliance with the VELUX Code of Conduct.

In 2016, the Global Purchasing organisation updated the evaluation and approval process for new vendors to establish a uniform method of evaluating and approving suppliers across all sites. The new Supplier Evaluation and Approval Process will be ready for implementation in early 2017.

The VELUX Group supports suppliers in improving their performance and achieving full Code of Conduct compliance. If, for some reason, a supplier fails to implement the required corrective actions, the VELUX Group will terminate the contract. Since the launch of the Code of Conduct in 2001, we have been able to correct non-compliance issues in partnership with suppliers and have not yet been forced to terminate a relationship with a supplier solely due to Code of Conduct non-compliance issues. No new audits were carried out in 2016.

Performance

Code of Conduct Signatures

Product-related suppliers signing the VELUX Code of Conduct
Next steps
In 2017, we will carry out audits of suppliers in high-risk countries to ensure compliance with the VELUX Code of Conduct. The new approval process for new vendors will also become effective.

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