Powerbox signs up as participant in UN ethics body

Business news |
By Nick Flaherty

The company has signed up to support and promote the United Global Compact ten principles alongside global power giant ABB, having signed up in March last year. 

“Electrical power is the energy efficient infrastructure through which we create solutions for generations to come. Powerbox supports everything from sustainable transportation and automation to tomorrow’s healthcare,” says Martin Sjöstrand, CEO of Powerbox. “Our promise is that we will act as good global corporate citizens and actively contribute to shape a better common future in all aspects. We are highly committed to the United Global Compact 10 principles.”

The compact covers human and worker’s rights, the environment, and anti-corruption. This is particularly important in the ethical sourcing of rare minerals such as cobalt, cassiterite, columbite-tantalite and wolframite from conflict-zones for the manufacture of magnetic components.

 “Powerbox’s environment, social and governance (ESG) commitment begins with the company’s value system and a strict, principled approach to doing business. This means operating in ways that as a minimum, meet fundamental responsibilities in the areas of human rights, labor, the environment and anti-corruption,” said Patrick Le Fèvre, Powerbox’s Sustainability Ambassador. “By incorporating the Global Compact principles into Powerbox strategies, policies and procedures, and establishing a culture of integrity, it not only upholds its basic responsibilities to people and the planet, but is also sows the seeds for long-term, recognizable, sustainable success.”



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