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.
Pandox’s biggest suppliers are companies within the construction industry and property management, and those providing goods and services for hotel operations.
In 2021 Pandox maintained its focus on sustainable supply chains. The Company’s existing suppliers fill out a self-assessment form. During the year Pandox initiated a dialogue with suppliers whose performance was in the lowest 10 percent of respondents based onthe most recent self-assessment form.
The purpose is to support them to work more professionally and in a structured way on critical sustainability topics. All suppliers categorised as high-risk in Property Management who participated in a training workshop in 2020 went through the digital self-assessment process again. The result was that 53 percent went from being assessed as high-risk suppliers to low-risk suppliers. They achieved this by strengthening their sustainability policies and processes by, for example, producing a code of conduct or an anti-corruption policy. A follow-up process will be carried out in 2022 for the remaining suppliers.
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.