Our strategy and sustainability efforts are supported by our company’s operating principles, policies, commitments, and operating models, which guide us to act ethically, responsibly, and transparently. These help us manage risks and impacts on the environment and people and ensure that our company’s operations develop in a long-term and systematic manner. The implementation of our sustainability strategy is assessed and measured annually.
Commitments Guiding our Operations
We are committed to complying with several international agreements in our operations, the most important of which guide our activities:
The Universal Declaration of Human Rights
The UN Core Human Rights Treaties
The ILO Declaration on Fundamental Principles and Rights at Work
The UN Guiding Principles on Business and Human Rights (UNGPs)
The UN Convention on the Rights of the Child
The UN Convention on the Elimination of All Forms of Discrimination Against Women (CEDAW)
The OECD Guidelines for Multinational Enterprises on Responsible Business Conduct
The OECD Due Diligence Guidance for Responsible Business Conduct
The UN Global Compact initiative and the UN Sustainable Development Goals (SDGs)
The UN Convention against Corruption
The amfori Business Social Compliance Initiative (amfori BSCI) Code of Conduct for sourcing
The Rio Declaration on Environment and Development
Policies Guiding our Sustainability Work
It is important to us that we all act responsibly in accordance with our company’s values and our shared policies and operating principles. Through these policies and by monitoring their implementation, we manage the impacts of our value chain on the environment, people, and the economy. Our company’s internal Code of Conduct governs our own operations and applies to all employees. In addition to our own operations, we require all our suppliers and other business partners to act responsibly and to respect human rights and the environment. Our company’s policies are approved by senior management, and their purpose is to ensure that our operations, at a global level and throughout our processes, comply with our values and applicable regulations.
Luhta’s internal Code of Conduct
Due Diligence Process
Respect for human rights and the environment is an integral part of our company’s sustainability strategy, as well as the management of our entire value chain and sustainability management. Our goal is to develop our operations over the long term in accordance with a due diligence process based on the UN Guiding Principles on Business and Human Rights and the OECD Guidelines for Responsible Business Conduct, in order to identify, prevent, mitigate, and stop, as well as monitor, actual and potential adverse impacts related to our operations.
Our due diligence process includes the following main phases:
Read more about our due diligence process in our annual report here.