Volvo 2009 Annual Report Download - page 56

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BOARD OF DIRECTORS’ REPORT 2009
The Volvo Group’s mission is to create value for its shareholders by creating value for its
customers. Volvo views sustainable development, both in environmental and social terms, as
a vital condition for long-term protability and increased customer and shareholder value.
Sustainable development
– the foundation for long-term protability
The Global Compact
The Volvo Group supports the UN’s Global Compact,
which was designed to promote responsible business
enterprise worldwide, and commits
itself to implementing and integrating
ten principles regarding human
rights, working conditions and the
environment in its operations.
he Volvo Group’s vision is to
be valued as the world’s
leading supplier of commer-
cial transport solutions.
Transports are necessary for
the development of society,
and as a manufacturer the Group has a great
responsibility for both the environment and to
contribute to sustainable development. This is a
responsibility that is taken very seriously.
In the Group’s mission it is stated that the
Group uses its collective expertise to create
transport-related products and services of
super ior quality, safety and environmental care
for demanding customers in selected segments.
An active approach to sustainability
The Volvo Group strives to conduct respon-
sible business based on its Code of Conduct,
corporate values and other established guide-
lines. The Code of Conduct, adopted in 2003,
underscores the principles by which the Group
conducts its relations with employees, busi-
ness partners and other stakeholders. It
applies to all employees and to the Board of
Directors. Suppliers, dealers, consultants and
other business partners are also encouraged
to follow these principles. The principles in the
Code of Conduct are based on the principles
in the UN’s initiative Global Compact.
It is vitally important that all employees are
familiar with, and follow, the principles that are
stated in the Group’s Code of Conduct. An
Internet based training program and discussion
material have been produced to raise aware-
ness of values.
The Volvo Group’s social responsibility
The Volvo Group has a signicant impact on
the communities in which it operates. The
Group’s companies are major employers and
also generate employment for numerous sup-
pliers. The Volvo Group strives to be a good
T
Hybrids
Alternative fuels
Carbon dioxide neutral
52