Pandox is a member of the UN Global Compact and has therefore pledged to work according to its Ten Principles regarding human rights, labour, the environment and anti-corruption. Pandox has also published a Modern Slavery Act statement in which the Company strongly opposes all forms of exploitation, servitude and child labour. Pandox therefore has zero tolerance for criminality, human trafficking, prostitution or sexual exploitation.
No cases of prostitution were reported during the year. The majority of the hotels provide regular courses that maintain a very high standard and are usually produced by established organisations in the area. The courses provide a deeper understanding of how to discover, prevent and handle cases of prostitution and sexual exploitation. Only a few individual hotels do not have their own comprehensive training and these have instead been given access to the digital courses of other hotels.
In 2022 Pandox started to work on human rights due diligence. A first step in this process was the implementation of an impact assessment. This is part of ensuring that Pandox both lives up to the Taxonomy Regulation’s minimum social protection requirements and manages to meet future legal requirements that may be imposed under the EU’s proposed directive on corporate sustainability due diligence. As a basis for these efforts Pandox applies the UN Guiding Principles on Business and Human Rights and the OECD’s guidelines for multinational companies.
Pandox brought in a third party to guarantee independence in the impact assessment process. The assessment focused on identifying, assessing and reporting human rights risks – both in the supply chain and within Pandox itself – and what steps must be taken to manage these risks. The process was limited to the industries and countries relevant to Pandox’s operations and value chain where the risks relating to human rights are considered higher.
In 2023 Pandox will work on strengthening the governing documents and internal processes needed to ensure that a sound due diligence process for human rights is in place.
Human rights impact assessment
Business ethics and anti-corruption
Pandox’s Anti-Corruption policy and Code of Conduct for employees form the basis for good business ethics and compliance with laws and practices.
The base for Pandox work with sustainable supply chains is the Code of Conduct for business partners describing the expectations Pandox has on its suppliers regarding human rights, labor rights, environment and anti-corruption.
Responsible and fair business
As a leading hotel property company, Pandox wants to act responsibly and decently in all business relationships. The Company intends to be a long-term and reliable partner and to take steps to mitigate the risk of corruption and violation of human rights that exists in the industry.