VBG Group’s sustainability agenda is built on our Code of Conduct, which has its starting point in the UN’s Principles for Corporate Social Responsibility. In 2017, we defined long-term sustainability goals for the Group based on a stakeholder and materiality analysis. In 2017, we took a proactive approach to sustainability in VBG Group and this year, we continued the work we had begun.
Issues of sustainability have a central place in the VBG Group, both in our analyses in conjunction with new acquisitions and in daily operations. Sustainability issues are also an integral part of our business strategy.
The Code of Conduct – a guiding principle inside and outside the Group
Our sustainability efforts are built on the VBG Group Code of Conduct, adopted by the Board of Directors of VBG Group in 2010. The purpose of the code is to elucidate the approach we take in relation to our stakeholders, both internal and external, and what demands we place on ourselves and on others.
The Code of Conduct covers all divisions in the Group. It can be regarded as a guiding principle for our employees and collaborating partners. By applying the Code, we are complying with current laws and ordinances in the countries where we operate, the UN’s Global Compact for corporate social responsibility, the UN’s Convention on the Rights of the Child and other international agreements and guidelines.
Products and services that make a difference
Ten people work at the head office of VBG Group, while the Group has a total of 1,600 employees. The Parent Company thus has a limited direct impact in comparison with the Group as a whole. The greatest possibilities for impact in the area of sustainability are in our capacity as an active, responsible owner.
Traffic safety has been the cornerstone of the VBG Group’s operations ever since the company was founded in 1951. Our divisions’ products and services help increase safety and efficiency in several areas of society, all over the world. But while we are contributing to positive social trends, our operations unavoidably leave an environmental footprint. That is why we must use our resources as efficiently as possible, and manufacture our products with as little impact on the climate and the environment as possible. We are also responsible for providing a safe and secure workplace for our employees, and for ensuring that our operations do not constitute a risk to the inhabitants of the places where we operate.
Sustainability goals up to 2022
During 2017, we deepened our strategic sustainability efforts and formulated long-term goals at the Group level up to 2022 and 2019, we continued the work we had begun.