Countries’ Risk Classification The risk related to governance in sourcing coun- tries relies on the Worldwide Governance Indica- tors from the World Bank. The countries’ risk level is assessed in six areas and depending on how they score, countries are classified as either ‘low risk’ or ‘high risk’. Citizens’ rights and freedoms, political stability, government effectiveness, rule of law and control of corruption are some of the indicators that are measured and analysed on an annual basis. Fristads mitigates the risks that are present in sourcing countries by being a member of amfori BSCI and requiring all suppliers to sign our Code of Conduct. Suppliers are also moni- tored and audited on a regular basis to ensure that working conditions are up to code. Amfori BSCI stands for Business Social Compli- ance Initiative and it provides companies with a structured approach to work on assessing and improving social and environmental standards in the supply chain. Amfori BSCI’s aim is to guar- antee ethical working conditions for the workers and it implements the principal international labour standards that protect workers’ rights. No zero-tolerance deviations In 2020, Fristads and its suppliers had no zero-tolerance deviations at their facilities. Fair jobs A fair job for Fristads is defined as one with fair compensation and a workplace environment that is safe, healthy and free from discrimina - tion. We believe that fair jobs help people feel noticed, valued and respected at work. FRISTADS SUSTAINABILITY REPORT 2020 21
Download PDF fil