avk-esg-2024-25 - Flipbook - Page 53
GOVERNANCE
Table 3: Management data, results
Unit
AVK Group
2024/25
AVK Group
2023/24
Development
%
Description (2024/25 figures)
ISO 9001- certifications
Number
69
67
2.99
Number of companies with said ISO
certification.
ISO/TS 29001
certifications (Gas)
Number
12
11
9.09
Valid for all AVK companies that design,
manufacture, and supply products for gas.
Supplier management
and audits
Number
113
53
113.21
Our Code of Conduct applies to all suppliers,
but we audit based on a risk assessment in
risk areas.
G
Comments to Governance
The AVK Group demonstrated continued
progress in strengthening quality assurance
frameworks and responsible supply chain
management. The rise in audits and
ISO certification coverage reinforces our
commitment to operational excellence, risk
mitigation, and sustainable business practices
across all markets.
Code of conduct
In response to increasing customer demands
and the upcoming ESRS requirements, we
have undertaken a comprehensive update
of our internal Code of Conduct and global
policies. Several sections, including the section
on fundamental human rights, such as the
prohibition of child and forced labour and
the right to collective bargaining, have been
clarified and expanded with new and updated
policies.
Human rights policy
We assess that the risk of human rights
violations is most significant among workers
further down the value chain, particularly in
cases involving forced labour and unequal
rights. We have greater control over suppliers
the closer they are to us in the value chain.
Therefore, we work systematically on
registration, control, and follow-up via audits
and further development of the collaboration
with our suppliers.
Supplier management
In the financial year 2024/25, we conducted
113 on-site supplier audits at selected
suppliers, compared to 53 audits in 2023/24.
Ongoing supplier audits are carried out on-site
according to a defined audit programme. The
frequency of audits is determined by an internal
country- and product-based risk assessment.
Risk management is documented and
maintained within our internal ISO 9001 quality
management system.
Regular training and awareness programmes
ensure that employees understand their
responsibilities, and any suspected cases can
be reported confidentially through the AVK
Group’s whistleblower system. This is supported
by the AVK Group’s Anti-Corruption Policy and
the AVK Group Code of Conduct.
The supplier audit programme is an integral
part of our responsible sourcing strategy and
aims to ensure that suppliers comply with AVK’s
Code of Conduct, applicable legislation, and
relevant environmental and social standards.
Supplier audits
Findings from the audits are followed up
through dialogue and improvement plans where
necessary, supporting continuous improvement
throughout the supply chain.
No major incidents were identified among
the audited AVK suppliers that warranted the
issuance of major non-compliance reports or
other corrective actions.
Number
113
72
53
24
2021/22
2022/23
2023/24
2024/25
Figure 7
See Figure 7.
Anti-corruption and bribery
As a global Group of companies, we assess
corruption risks in some of the countries
in which we operate. AVK does not accept
any kind of action that may be considered
corruption or bribery. We have zero tolerance
for such incidents, and they are considered
a gross misconduct that may result in
disciplinary actions. The management of all our
companies have signed our compliance manual,
committing to comply with both national and
international anti-corruption and
anti-bribery laws.
AVK Group Sustainability report 2024/2025 | 53
