Volvo 2005 Annual Report Download - page 35

Volvo Group supports UN’s
Global Compact
Since 2001, Volvo Group has sup-
ported the UN’s Global Compact and
the treaty’s ten principles, which
are based on the UN’s Universal
Declaration of Human Rights, the
UN Convention Against Corruption,
the conventions of the International
Labor Organization (ILO) governing
basic principles and rights in work-
ing life and the Rio Declaration on
the Environment and Development.
The Global Compact was insti-
tuted to promote responsible busi-
ness enterprise worldwide. By sup-
porting the Global Compact, the
Volvo Group commits itself to real-
izing and integrating ten principles
regarding human rights, work con-
ditions and the environment in its
operations. More information is
available at
www.unglobalcompact.org
Volvo in Global 100
For the second consecutive year,
the Volvo Group is ranked as one of
the world’s 100 best companies in
sustainable development. The rank-
ing is presented at the World
Economic Forum in Davos,
Switzerland. The aim of the Global
100 is to raise awareness of sus-
tainable development and spotlight
companies that have shown their
willingness to lead the way toward
a sustainable society.
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Volvo Group 2005 31
We believe that efficient trans-
port is a fundamental condition
for economic growth, competi-
tiveness as well as environmental and social
development. These are prerequisites for the
distribution of services and goods as well as
for people’s choices regarding work and living
conditions. We also know, however, that trans-
port has negative effects on the society in the
form of traffic accidents, emissions and other
environmental effects. The Volvo Group’s aim,
as an employer and producer, is to assume
responsibility in all these areas.
Corporate values with tradition
Volvo Group seeks to limit the negative social
effects of its operations by developing effi-
cient vehicles and transport solutions, equip-
ment that can help to prevent accidents and
mitigate the consequences when accidents
happen, and by constantly working to reduce
environmental impact from its products and
production. Our commitment with regard to
contributing to positive social development
and creating value for customers is reflected
in our Code of Conduct and the Volvo Group’s
corporate values: quality, safety and environ-
mental care.
From the very start, our operations have
been based to a great extent on our strong
values. The company’s founders made it clear
at an early stage that operations should be
based on concern for people. Safety and qual-
ity became key words for the company and its
products. Environmental care was added at
the beginning of the 1970s. By virtue of this
long tradition, the corporate values have
become an integral part of all the Group’s
op er at io ns thro ug h the e nt ir e v a lue cha in .
Th e Volvo Gr ou p ha s a numbe r of di f f er ent
activities, policies and control systems aimed
at promoting sustainable development within
it s sphe re of i nte re s t .
Volvo Group’s Code of Conduct
On June 17, 2003, AB Volvo’s Board of Direct-
ors adopted a Code of Conduct that covers the
Board and all Volvo Group employees. The
Code of Conduct details the principles that
govern the Group’s relations with its employ-
e e s , b u s i ne s s p a r t n e r s a n d o t h e r s t a k eh o l d e r s
in matters relating to business principles,
environmental care, human rights and the
work environment.
Volvo Group’s Code of Conduct is based on
the United Nations Global Compact, which
contains ten principles based on international
conventions, and also on recommendations
from the financial markets and the Group’s
corporate values.
Volvo Group a lso e ncour age s supp lier s,
dealers, consultants and other business part-
ner s to ob ser ve the pr incip les of the C ode .
Th e C ode of C onduct is use d t o e valu ate both
cur rent an d fu ture supp lier s.
Al l Vol vo Gr oup m anag ers h ave a re sponsi-
bility to communicate the contents and spirit
of the C ode of Co nduc t.
In the Volvo Group management, Senior
Vice President Per Löjdquist is responsible
fo r i ssu e s r el ati ng t o c or po ra te so ci al r es po n-
sibility.
The complete Code of Conduct is avail-
able for downloading from Volvo’s website:
www.volvo.com
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