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. The Code of Conduct for business partners is based on the ten principles of UN Global Compact and the ILO Declaration on Fundamental Principles and Rights at Work.
In 2020 Pandox took a number of steps to improve its work on promoting sustainable supply chains. The Business Partner Code of Conduct was updated to clarify the requirements with respect to human rights and the environment. The Company also implemented a digital audit system for supplier audits. Suppliers within Property Management classified as high risk, primarily in the construction industry, were required to fill out a self-assessment form in which they evaluated their own sustainability work. A total of 90 suppliers received the form and
88 percent responded. Pandox then invited 54 suppliers to participate in an online training workshop to help them get started or to improve their existing sustainability-related policies and processes. This will be followed up in 2021.
Pandox has also started individual dialogue with suppliers whose performance was in the lowest 10 percent of the respondents based on the self-assessment form. The purpose is to encourage and support them to work more professionally and in a structured way on sustainability topics that are critical for Pandox.The audit process also allows Pandox tofoster and intensify relationships with the suppliers who are highly ranked. From the beginning of 2021 new suppliers within Property Management must be audited according to this process before a contract is signed. Pandox will also start random inspections beginning in 2021. To increase knowledge and expertise, relevant employees have completed an internal course on sustainable supply chains.
Pandox has zero tolerance for criminality, prostitution and trafficking. Pandox is a member of the UN Global Compact and has therefore pledged to work according to its Ten Principles in areas such as human rights, labor, the environment and anti-corruption.
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.
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.