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.
In combination with this approach, we are applying various methods to facilitate continuous improvement in our responsible sourcing and purchasing:
- The Vattenfall Code of Conduct for Suppliers
- Ethical clauses which refer to the Vattenfall Code of Conduct for Suppliers or to our suppliers’ own codes of conduct, if these are assessed to be comparable to Vattenfall’s code or to the UN Global Compact
- Supplier self-assessments
- Risk and impact assessments (mainly desktop assessments)
- Site audits and follow-up of audits and corrective actions
- Dialogue and engagement with suppliers
We are working to improve our overall responsible sourcing and purchasing to increase consistency and to make it more comprehensive, systematic and transparent. With ambitions to manage supplier-related risks and impacts beyond first tier suppliers, we are also working to increase our knowledge of risks and impacts further down in our supply chains.
Read more about the status and activities in 2015 and planned activities for responsible sourcing and purchasing.
The OECD Guidelines for Multinational Companies
The UN global compact principles
The UN Guiding Principles on Business and Human Rights (PDF 22 kB)