Communication on Progress

Communication on Progress

Participant
Published
  • 24-Apr-2019
Time period
  • April 2018  –  April 2019
Format
  • Stand alone document – Basic COP Template
Differentiation 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.

  • One year ago we, the Swedish HR-consultancy group Wise Group, vouched to support the ten principles of the Global Compact, with respect to human rights, labour, environment and anti-corruption.

    Our commitment to advance these principles within our sphere of influence stands firm. We have, during 2018, included the principles in the strategies of our seven subsidiaries. We have also made a statement to our stakeholders to announce our support for the Global Compact and our intent of furthering its principles.

    Due to Wise Group’s complex business model and our ambition to ensure the quality of implementation and compliance with principles of Global Compact on both group and subsidiary levels, we have unfortunately fallen short in terms of implementation of practical actions and measurement of outcomes. Our ambition is to re-start our work during 2019 & 2020 in conjunction with Wise Group producing its 3rd annual sustainability report due in the spring of 2020 (since 2017-18 annual sustainability reporting is a regulatory requirement according to the Swedish Companies act).

    We ask You to accept this expression of continued support and grant Wise Group a 12-month “Learner” grace period to submit a new COP that meets all requirements, starting with updating of our corporate policies within the areas of human rights, labour, environment and anti-corruption.

    Sincerely Yours,

    Mrs. Ingrid Höög
    CEO, Wise Group (Publ)

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.

  • As a company operating in the field of HR, human rights is of utmost importance for Wise Group.
    Wise Group has put in place:
    - a plan for prevention of discrimination, to be updated annually (in Swedish)
    - a gender equality and diversity policy (in English)
    - a policy to counter discriminatory treatment and discrimination (in English)
    - a Code of Conduct (in Swedish)

  • Implementation

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

  • N/A

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • N/A

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 a company operating in the field of HR, labour rights is of utmost importance for Wise Group.
    Wise Group has put in place:
    - a labour environment policy (in English)
    - a plan for prevention of discrimination, to be updated annually (in Swedish)
    - a gender equality and diversity policy (in English)
    - a policy to counter discriminatory treatment and discrimination (in English)
    - a Code of Conduct (in Swedish)

  • 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.

  • N/A

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.

  • Being active in the Swedish and Nordic markets Wise Group's stakeholders (i.e. shareholders, clients and employees) expect the company to support a precautionary approach to environmental challenges.
    Wise Group has put in place an Environment and Sustainability policy to support these efforts.

  • Implementation

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

  • N/A

  • Measurement of outcomes

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

  • N/A

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.

  • As a Swedish company Wise Group's stakeholders (i.e. shareholders, clients and employees) expect the company to work actively to counter all forms of corruption, including extortion and bribery.
    Wise Group has put in place a Code of Conduct (including anti-corruption policy; in Swedish) to support these efforts.

  • Implementation

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

  • N/A

  • Measurement of outcomes

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

  • N/A