The UN Global Compact is made up of more than 12,000 companies in 160 countries. There are also local UN Global Compact networks in 70 countries worldwide.
Kim N. Gabrielli, Executive Director of UN Global Compact Norway is delighted to welcome Kredinor as a member. “It is great that Kredinor has endorsed the ten principles for responsible business and wants to increase its engagement and efforts on behalf of sustainability within its organisation,” he says.
“Improving our sustainability is a continuous process for us. It is therefore both inspiring and a solemn commitment to be part of the UN’s organisation for sustainable business,” says Kredinor’s Edda Flatlandsmo.
To ensure that everyone is on board, we don’t have a separate sustainability strategy, but rather a sustainable strategy that underpins everything Kredinor does.
A sustainable strategy
Kredinor takes sustainability very seriously and wishes to contribute to sustainable development by choosing good, green solutions for the future. Instead of a separate sustainability strategy, Kredinor has chosen to have a sustainable strategy for the entire company.
“We are a major Norwegian company, and by adopting solutions that are good for people, profits and the planet, we will be able to make a difference. The more companies that do the same, the greater the contribution to sustainable development. Membership in the UN Global Compact will be a cornerstone of our strategy and our further efforts to promote sustainability at Kredinor. In this way, we will ensure that everyone can keep track of what we are doing,” she says.
Ten principles for sustainable business
- Businesses should support and respect the protection of internationally proclaimed human rights.
- Make sure that they are not complicit in human rights abuses
- Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining.
- The elimination of all forms of forced and compulsory labour.
- The effective abolition of child labour.
- The elimination of discrimination in respect of employment and occupation.
- Businesses should support a precautionary approach to environmental challenges.
- Undertake initiatives to promote greater environmental responsibility.
- Encourage the development and diffusion of environmentally friendly technologies.
- Businesses should work against corruption in all its forms, including extortion and bribery.
“We will uphold these ten principles and will report on our performance annually. It is good that we are broadening our focus on sustainability to include anti-corruption, labour rights and human rights,” says Kredinor’s Sustainability Manager Edda Flatlandsmo.