GRUNDFOS SUSTAINABILITY PROGRESS REPORT 2015 / 17 ness conduct Claims Bribery Gifts and Entertainment Fair and Lawful Competition Conflict of Interest Confidentiality Acceptable Accounting Human Rights Labour Rights Environment Political Contributions Other ethical issues Non-ethics related Total Breaches 2 0 0 2 0 1 1 1 0 0 3 3 13 0 0 0 1 0 0 0 0 0 0 0 0 1 Sustainable supplier management Grundfos wishes to be recognised as a responsible business partner by all external stakeholders, including suppliers. A tool in this process is the Supplier Code of Conduct, which is included in the Group Framework Agreement. All suppliers who deliver materials directly to Grundfos must comply with the expectations and requirements of this document. By working with our suppliers, we can develop a strong relationship, which is the foundation for constantly improving our business approach. Our ambition is to be among the best in class and to achieve this ambition we are in the process of analyzing our current approach, benchmark it against industry standards and address the gaps systematically. forward. For this exercise, we considered the likelihood of occurrence, and the scale and severity of potential impact. Based on the outcome, we identified initiatives to be implemented in 2016. Being a global company and with operations in more than 65 countries, we need to look at Human rights from a local as well as a global perspective. In 2015, we selected five countries (China, Denmark, India, Mexico and Russia) for a pilot project focusing on incorporating local views and regulations in our due diligence. As part of the project, we developed tailored webinars to facilitate key stakeholders with the knowledge and tools to assess potential gaps within our current practices and the United Nations Guiding Principles for Business and Human Rights. Based on this pilot, we will develop a plan to manage Grundfos Human Rights impact in the coming years. Human rights In Grundfos, Human Rights are part of our Code of Conduct and our commitment to the UN Global Compact. In addition to this, we took another step in our Human Rights due diligence programme following the launch of the Grundfos Human Rights policy in 2014. We conducted a Human Rights mapping exercise in conjunction with BSR, which assisted us as a company in identifying our most salient risks and defining the way
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