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.
In 2012/13, we have chosen to have a more outward look than before. Having strengthened all four areas (human rights, labour, environment and anti-corruption) within our own company, we have found the time and energy to focus on aiding our partners and customers to improve on these areas as well. This has especially been carried out by focusing on the handling of the skins both before and after they come to the auction house.
In 2013/14, Kopenhagen Fur will continue to focus on both our own activities as well as those of our stakeholders.

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. In 2012/13 we have tried to improve the involvement of the employees to ensure that their wellbeing and comfort in the workplace.

Kopenhagen Fur is ISO 2000 certified and adheres to all the requirements regarding this certification. 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. We focus 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 decade, Kopenhagen Fur has had an increasing focus on labour conditions, especially in the production section. In 2012/13 the focus has primarily been on the involvement of the employees. More than 3000 hours of education have been carried out and the engaged employees have following the courses worked hard at improving both work environment and production efficiency. The involvement of the employees have been at everyone's advantage, as the workers have proved to be dedicated to improving their own conditions while becoming yet more efficient.

Kopenhagen Fur is continuously audited internally and externally on its progress on its work environment certification. In the past year there have been hardly any 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.
The involvement process of the employees includes logging the positive improvements set forth by the workers. So far more than 100 positive changes have been logged.

Protection of the environment is becoming an increasingly important point in these years. Kopenhagen Fur has recognised that we have a duty not only to improve the environment with waste and energy reduction within our own company but also to help our partners to reduce theirs.

In 2012/13 a LEAN Manager was hired to ensure improvements in the production. The LEAN Manager was to look to production optimisation as well as reduction of energy consumption. Amongst other things an energy analysis was carried out by external consultants. The findings will be implemented from the 2013/14 season.

Energy consumption is continuously measured and possible waste is located through the energy analysis. Energy consumption per skin will be evaluated thoroughly to ensure improvements.

Kopenhagen Fur is an auction house which adheres to the strongest anti-corruption principle of them all: transparency. 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 decades. To ensure that no corruption should take place anyway, the company has ensured a steadfast zero-tolerance policy on bribe.