Communication on Progress

Communication on Progress

Participant
Published
  • 24-Aug-2022
Time period
  • August 2021  –  August 2022
Format
  • Stand alone document – Basic COP Template
Differentiation Level
  • This COP qualifies for the Global Compact Active level
Self-assessment
  • Includes a CEO statement of continued support for the UN Global Compact and its ten principles
  • Description of actions or relevant policies related to Human Rights
  • Description of actions or relevant policies related to Labour
  • Description of actions or relevant policies related to Environment
  • Description of actions or relevant policies related to Anti-Corruption
  • Includes a measurement of outcomes
 
  • Statement of continued support by the Chief Executive Officer

  • Statement of the company's chief executive (CEO or equivalent) expressing continued support for the Global Compact and renewing the company's ongoing commitment to the initiative and its principles.

  • 24th of June 2022

    To our stakeholders:

    I am pleased to confirm that Kredinor 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.

    Sincerely yours,

    Edda Katrine Flatlandsmo
    Chief Sustainability Manager of Kredinor

Human Rights
  • Assessment, policy and goals

  • Description of the relevance of human rights for the company (i.e. human rights risk-assessment). Description of policies, public commitments and company goals on Human Rights.

  • Our company operates in Norway, and we comply with Norwegian laws and regulations that are very strict when it comes to human rights. In addition, in connection with a new "Transparency Act" in Norway, there have been even stricter requirements for accountability and transparency in the value chain. We are therefore in the final phase of preparing a comprehensive code of conduct that our suppliers must approve, where, among other things, human rights are addressed. Kredinor also supports the Universal Declaration of Human Rights.

    Kredinor operates in Norway, where we sell services to the Norwegian market. Therefore, minimal of our business outside Norway, and our risk of human rights violations is lower than large international companies.

    Our goal for the coming year is to complete the survey of our suppliers, set stricter requirements for both existing and new, and land on a completed code of conduct

  • Implementation

  • Description of concrete actions to implement Human Rights policies, address Human Rights risks and respond to Human Rights violations.

  • - Suggestion box for internal notifications of risks
    - Raising awareness on Human Rights
    - Communication with stakeholders and affected parties
    - Allocation of responsibilities for the protection of Human Rights within the company
    - Human resource policies and procedures supporting Human Rights

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • - Specific progress made in the area of Human Rights in the past reporting period
    - Information about how the company deals with incidents of Human Rights violations
    - Reporting on gender equality in accordance to Norwegian law
    - Periodic review of results by senior management

Labour
  • Assessment, policy and goals

  • Description of the relevance of labour rights for the company (i.e. labour rights-related risks and opportunities). Description of written policies, public commitments and company goals on labour rights.

  • As mentioned in the previous part, we sell services in Norway. Norway is strictly regulated by the Working Environment Act, and labor rights-related risks are considered minimal. There is of course some risk when ordering office supplies from other suppliers, such as. paper, pens and more, but this forms a very small part of our business. We have a separate personnel handbook that is available to everyone, and strict rules and routines when it comes to working hours, overtime, pay, etc.

  • Implementation

  • Description of concrete actions taken by the company to implement labour policies, address labour risks and respond to labour violations.

  • N/A

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • - Demographics of management and employees by diversity factors (e.g. gender, ethnicity, age, etc.)
    - Periodic review of results by senior management
    - Specific progress made in the area of Labour during the last reporting period

Environment
  • Assessment, policy and goals

  • Description of the relevance of environmental protection for the company (i.e. environmental risks and opportunities). Description of policies, public commitments and company goals on environmental protection.

  • As we operate in leased premises, and only sell services, we have no emissions within scope 1 and 2. Within scope 3, efforts are being made to reduce emissions and we also aim to become climate neutral by the next reporting year. In the Code of Conduct mentioned earlier, there is also a requirement to be a sustainable business.

  • Implementation

  • Description of concrete actions to implement environmental policies, address environmental risks and respond to environmental incidents.

  • - Training of employees on environmental protection
    - Initiatives and programmes to reduce waste materials (e.g. recycling) and consumption of resources (energy, fossil fuels, water, electricity, paper, packaging, etc.)
    - Activities aimed at improving the energy efficiency of products, services and processes
    - Development and diffusion of environmentally friendly technologies
    - Raise awareness among suppliers by asking for the environmental footprint of products or services
    - Environmental management system to identify, monitor and control the company's environmental performance
    - Allocation of responsibilities for environmental protection within the company

  • Measurement of outcomes

  • Description of how the company monitors and evaluates environmental performance.

  • - Specific progress made in the area of the environmental protection during the last reporting period
    - Periodic review of results by senior management
    - External audits of environmental performance

Anti-Corruption
  • Assessment, policy and goals

  • Description of the relevance of anti-corruption for the company (i.e. anti-corruption risk-assessment). Description of policies, public commitments and company goals on anti-corruption.

  • Kredinor's ethical guidelines apply to all employees and employees, at all levels of the relationship. Our guidelines provide guidance and support in how to deal with various situations and dilemmas you may encounter in your work for the company. The ethical guidelines are part of our internal routines, together with rules or gifts, representation and expense coverage. Violation of the guidelines will lead to consequences for the employment relationship. The individual employee is responsible for his or her ethical behavior in all contexts related to the work, including those not described here.

  • Implementation

  • Description of concrete actions to implement anti-corruption policies, address anti-corruption risks and respond to incidents.

  • - Awareness raising or training of employees about the company's policies regarding anti-corruption and extortion (e.g. mailings, internet, internal communication, etc.)
    - Allocation of responsibilities for anti-corruption within the company

  • Measurement of outcomes

  • Description of how the company monitors and evaluates anti-corruption performance.

  • - If a case is reported, this is taken seriously and processed in accordance with our internal routines
    - Specific progress made in the area of anti-corruption during the last reporting period
    - External audits of anti-corruption programmes