Powerbox joins UN ethics initiative

Powerbox joins UN ethics initiative

Business news |
By Nick Flaherty

The UN Global Compact is the world’s largest corporate responsibility initiative that promotes ten principles in the areas of human rights, workers’ rights, the environment and anti-corruption. This requires the company to work in ways that, at a minimum, meet fundamental responsibilities in these areas..

“The future is about power. Electrical power is the energy efficient infrastructure through which we create solutions for generations to come and we support everything from sustainable transportation and automation to tomorrow’s healthcare.” said Martin Sjöstrand, CEO of Powerbox. “Joining the U.N. Global Compact reflects Powerbox’s commitment to accelerate the transition towards a sustainable future by solving demanding power challenges in selected segments.”

In its product development, manufacturing, supply, sourcing and operations the company says it is constantly implementing technologies and processes that reduce energy consumption and other environmental impacts. The company already has a policy on ‘conflict minerals’ such as gold, tin, tantalum, and tungsten as well as derivatives of cassiterite, columbite-tantalite and wolframite that are sourced from areas around the Democratic Republic of the Congo (DRC). The policy says the company does not knowingly procure specified metals that originate from mines in the “Conflict Region” that are not certified as conflict free by suppliers and smelters. If the independent third party certificaition process hasn’t worked and conflict materials are in the supply chain, then the materials will be replaced. 

“Our promise is that we will act as good global corporate citizens and actively contribute to the shaping of a better common future in every way, embracing environmental, social and governance aspects.” said Patrick Le Fèvre, chief marketing and commercial officer and Powerbox’s Sustainability Ambassador. “In our way of working we have changed our behaviour and have implemented, from the very complex to the simple, activities to reduce our environmental impact and to contribute to a truly sustainable society.”

The Ten Principles are derived from:the Universal Declaration of Human Rights, the International Labor Organization’s Declaration on Fundamental Principles and Rights at Work, the Rio Declaration on Environment and Development, and the United Nations Convention Against Corruption.

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