Policies and management

Vattenfall’s sustainability framework is based on the ten principles of the UN Global Compact, the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights as well as other guidelines and norms. 

UN Global Compact

Vattenfall has embraced the UN Global Compact since 2002 through the Swedish Partnership for Global Responsibility and has been a direct participant in the UN Global Compact since 2008. Vattenfall supports the ten UN Global Compact principles within human rights, labour, environment and anti-corruption.
Learn more about UNGC

Policy framework

Vattenfall’s Code of Conduct is the baseline for all employees’ decisions and actions and our expectations on partners throughout our value chain. Vattenfall's Code of Conduct covers principles to promote sound and responsible business practices. The Code, along with Vattenfall's core values, guides Vattenfall’s behaviour.  

Vattenfall's Code of Conduct covers:  

  • Health and safety
  • People
  • Customers and suppliers
  • Business ethics
  • Communication
  • Information security
  • Company resources
  • Environment

Vattenfall's Code of Conduct is part of the management system and applies to all employees.

The Code is supplemented by the following detailed policies:
Human resources policy

Sustainability policy

Environmental policy

Supply chain policy

Health and safety policy

Management approach

The CEO is ultimately responsible for Vattenfall's sustainability work and is supported centrally by a corporate sustainability staff function, an ethics and compliance staff function and other staff functions.

The main task of the corporate sustainability staff function is to guide, coordinate and follow up on Vattenfall's efforts within this field. The ethics and legal compliance function works to ensure fulfilment with legal and other requirements. To further strengthen compliance, Vattenfall's has a group-wide whistleblowing function in place. Anyone can turn to external ombudsmen to file anonymous reports of any alleged misconduct.

Each business in Vattenfall is responsible for integrating sustainability into their operations.

Read more about governance within Vattenfall.

Last updated: 2016-10-11 12:56