To our stakeholders:
I am pleased to confirm that Kopenhagen Fur reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption.
In this annual Communication on Progress, we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to share this information with our stakeholders using our primary channels of communication.
The main focus this year has been on the environmental implications of the logistics around sales of raw fur skins. The project concerning this issue have covered the entire process from the pro-ducer/breeder to delivery at the auction customer. Two projects should be highlighted in this proc-ess:
In December 2010, Kopenhagen Fur opened a cold storage in Hong Kong. This gives our company and our customers the opportunity to optimise transportation by e.g. choosing shipment by sea rather than air. Thereby the environmental damages are reduced greatly.
In 2011, Kopenhagen Fur has started looking into vacuum technology for storing raw fur skins. It will reduce the number of square meters needed for cool storage extremely, and thereby bring down the use of A/C systems dramatically. It will also ensure much more efficient transportation as well as a lower energy waste per skin.
In the coming year, Kopenhagen Fur will focus on the internal work environment by e.g. establish-ing a health- and welfare project for its employees.

Sincerely yours,
Torben Nielsen
Chief Executive Officer

At Kopenhagen Fur we adhere to the Universal Declaration of Human Rights. Moreover, we have established some core values that underline the company's devotion to the Human Rights principles.

At Kopenhagen Fur we have a full set of policies regarding Human Rights policies. These include e.g. policies regarding stress, pregnancy, illness, consistent repeated work, health etc. We have volunteer groups consisting of both management and employees attending to these policies continuously.

Kopenhagen Fur is ISO 2000 certified and adheres to all the requirements regarding this certificiation. We have periodical internal and external audits ensuring that the requirements are continously lived up to.

Kopenhagen Fur has obtained a work environment certification by ISO. There is a strong focus within the company on ensuring the best possible work environment and conditions for our employees.
On top of the ISO certification, Kopenhagen Fur has also developed an internal code of conduct in which e.g. the right to assemble is not only ensured but also encouraged.

During the past years, Kopenhagen Fur has had an increasing focus on labour conditions, especially in the production section. Employees are offered the opportunity to change position so consistent repeated work is reduced. A physical therapist has been hired to attend to any problems that might occur for employees.
Of course, there has also been some changes made in connection with Kopenhagen Fur's work environment certification, so that all requirements are met.

Kopenhagen Fur is continuously audited internally and externally on its progress on its work environment certification. So far, there have been very few remarks.
Also, Kopenhagen Fur registers all accidents and 'almost-accidents', ensuring a stronger focus on possible problem areas. This has meant that in the certification period we have seen a slight reduction in these cases.

Kopenhagen Fur is focused on bettering the environment in and around its company. The internal code of conduct specifies that a focus on environmental issues must be present, and policies on the area has been the main focus area within the past year.

In 2010/2011 Kopenhagen Fur has focused on the environmental hazards caused by the logistics of the fur trade. Several minor and larger projects have come from this focus. The two most important projects have been:
- Experimenting with vacuum technology to reduce storage space and shipping
- The opening of a cold storage in Hong Kong to reduce environmental damages caused by shipping

Kopenhagen Fur expects to measure a dramatic decrease in the use of electricity and thereby a reduction in the environmental hazards.

Kopenhagen Fur is an auction house which adheres to the strongest anti-corruption principle of them all: tranparency. All elements of the trade are completely transparent to everyone interested in knowing more. The transparency principle means that no customers or suppliers are treated differently than others, reducing the element of corruption greatly.

The principle of transparency is one of the most important elements of Kopenhagen Fur's core values. To ensure that these values are constantly met, all new employees are educated in the principle - both specifically for their own area of expertise but also for the entire company.
Furthermore, Kopenhagen Fur hosts courses for hundreds of suppliers/breeders and customers every year, where the fundamentals of this principle are also repeated.

The transparency principle means that Kopenhagen Fur has not experienced any cases of corruption within the last years. To ensure that no corruption should take place anyway, the company has ensured a steadfast zero-tolerance policy on bribe.