GN Store Nord
ESRS disclosure: ESRS S2 \ DR S2-4 \ Paragraph 33 b
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- Provide a detailed description of your approach to addressing specific material negative impacts on value chain workers. Include any actions related to your purchasing or internal practices, capacity-building initiatives, engagement with entities within the value chain, or collaborative efforts with industry peers or other relevant parties. Additionally, outline how these actions manage material risks and pursue material opportunities related to value chain workers, and assess the effectiveness of these measures.
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Question Id: S2-4_06
GN's approach to addressing material negative impacts on value chain workers includes a commitment to human rights and managing material sustainability matters. They have introduced initiatives and due diligence processes to engage with value chain workers or their proxies to enable remedy of negative impacts. GN's Supplier Code of Conduct requires suppliers to adhere to human rights standards, and their Modern Slavery Statement addresses potential negative impacts related to forced labor. GN conducts supplier audits and site visits, particularly with tier 1 and 2 suppliers, to manage risks related to working conditions and equal treatment. They also use the FRDM platform to monitor suppliers for forced or child labor risks and the EcoVadis platform to gain insights into policy commitments. Effectiveness is assessed by tracking progress and ensuring compliance with policy objectives.
Report Date: 4Q2024Relevance: 85%