NKT works actively with close to 5.500 partners annually and even though our supplier base is predominantly pan-European, NKT is certainly aware of risks related to supplier compliance to legal and market requirements connected to health, safety, quality, financial stability, human rights, climate and environment.
NKT continuously develops the supplier due diligence to strengthen the process and adapt to legislation and business partner requirements. The due diligence is crucial in order to identify, mitigate and account for how to address for example adverse human rights and climate impacts. It is essential for NKT to increase the awareness around these adverse impacts among our direct suppliers as well as further down the supply chain (tier 2 and 3 suppliers).
NKT expects and requires business partners to fully comply and respect all applicable laws, statutes and international regulations including but not limited to human rights and climate. As a foundation all of our business partners accept NKT’s business code of conduct
as a prerequisite to deliver their products and services to NKT. The code of conduct specifies NKT’s requirements towards business partners related to, among others, ESG requirements.
NKT’s commitment stated in our code of conduct is embedded in our Procurement policy and processes to meet responsibilities related to human rights and environmental and climate impact of our supply chain. Also Procurement policy and processes are continuously updated to meet developing legislation.