avk-esg-2024-25 - Flipbook - Page 44
as well as anti-corruption are not necessarily a
given due to existing culture and legislation, we
are aware of the risk that our Group values are
violated.
Because of this, we focus on compliance with
our policies in all Group companies, and we
support this effort with ongoing audits in our
management systems.
We strive to only work with suppliers that
guarantee compliance with all legislation on
safety, environmental, climate, and human
rights. Additionally, all selected suppliers must
comply with our ethical standard outlined in the
AVK Group Code of Conduct.
We work continuously with registration, control,
follow-up, and further development of the
supplier collaboration to ensure compliance
with the Group’s policies, including the Code of
Conduct.
Auditing
Supplier audits are conducted on-site according
to a set programme. The frequency of audits
is based on an internal country and productbased risk assessment. Risk management is
documented and managed in our internal ISO
9001 documentation.
Internal AVK auditors conduct supplier audits
and consistently verify the ISO and third-party
certifications required by our standards. We
use a checklist that covers various topics
and areas, which we continuously improve.
We pay particular attention to countries
with an increased risk of violating social and
environmental responsibility.
We continue to work with existing foundries
to meet or exceed specific national standards.
Additionally, any new potential supplier must
fulfil the minimum requirements, as stated in
our internal procedure, to qualify as an AVK
supplier.
Corruption and bribery
AVK maintains a zero-tolerance policy against
any form of corruption, extortion, or bribery.
Such actions are regarded as gross misconduct
and may lead to severe disciplinary actions.
Upon employment, it is standard practice for
the general managers of all Group companies
to sign our compliance policy, which requires
compliance with anti-corruption and anti-bribery
laws in the jurisdiction, as well as the AVK AntiCorruption and Anti-Bribery Policy. This policy
is reviewed annually during the board meetings
of all companies to ensure that it remains a
44 | AVK Group Sustainability report 2024/2025
key point of attention in day-to-day business
operations.
Likewise, all employees in the AVK Group are
informed about and trained in anti-corruption
and anti-bribery through the AVK Group Code
of Conduct and its training material. Ultimately,
these practices should ensure that we avoid
breaches.
No confirmed incidents of corruption or bribery
were identified or reported in the AVK Group
during the 2024/25 financial year.
AVK Group Policies
Our global presence requires high ethical
standards and a strong coordination to ensure
consistent conduct across all countries. AVK
has established Group Policies that define how
we operate with integrity, consistency, and
accountability throughout all companies. These
policies cover key areas such as governance,
employee welfare, and responsible business
conduct, and they outline how each individual
company should align with Group-wide efforts in
these areas.
We want to be a responsible and credible
company that balances economic,
environmental, and social matters. This is
mirrored in our Sustainability Policy.
We constantly strive to be a credible and
ethically responsible partner for our customers
and suppliers, a supportive workplace for our
employees, and a responsible actor towards all
other stakeholders.
During 2024/25, the Business Ethics Policy and
Anti-Corruption and Anti-bribery Policy have
been revised to ensure that they match both our
Code of Conduct for employees as well as our
Code of Conduct for suppliers.
The policies are available in the Group’s
management system (QHSE) and
communicated to all companies in the Group.
The AVK Group Code of Conduct for Suppliers
as well as the Conflict Minerals Policy and the
Environmental Policy can be found on the AVK
Group website: AVK Group Code of Conduct for
Suppliers and Policies.
The AVK Sustainability Policy
We recognise that our global presence
requires high ethical standards throughout
our organisation and across all our
actions.
We want to be a responsible and credible
company with the ability to balance
economic, environmental, and social
matters.
This means that:
The AVK Group supports the UN
Sustainable Development Goals (SDG). Our
main area of attention is the goals relating
to clean water and sanitation (SDG 6) and
industry, innovation, and infrastructure
(SDG 9) as these areas represent our core
business. In addition, AVK also contributes
to other goals. We consider SDG 17 on
partnerships for sustainable development
to be crucial for achieving the other SDGs.
We ensure that sustainable initiatives are
fundamental to our production and that we
have a healthy and safe work environment.
We focus on the environment and longlasting solutions and have achieved
certifications that we are proud of:
• ISO 9001 – Quality management
• ISO 29001 – Quality management in
the oil and gas industry
• ISO 14001 – Environmental
management
• ISO 45001 – Occupational health
and safety
• ISO 50001 – Energy management
