Human and Employee Rights

NKT Flexibles respects human and employee rights and is committed to equal opportunities for all

As part of the Frame Agreement with Petrobras, we are to open a production plant in Brazil in 2013, staffed mainly by a local workforce. Opening a factory across the globe in a culture significantly different from your own necessitates great care in terms of defining and adhering to human and employee rights.

In order to make sure the yet-to-be-named plant is run in accordance with all regulations and good business practices, we are concentrating our efforts on hiring local HR personnel, thus combining our visions for good labour practice with a native understanding of local customs and regulations.

GOALS: HUMAN AND EMPLOYEE RIGHTS
Management and staff
Goal: 30.06.10 All employees are to be acquainted with the principles of NKT Flexibles' Code of Business Ethics	Actions	Status
New Goal: 30.06.12 All white collar employees are continuously made aware of the principles of NKT Flexibles’ Code of Business Ethics	Actions All white collar employees are to address the contents of the Code of Business Ethics
Work accidents
Goal: 31.12.11 15% reduction of serious HSE incidents compared with 2009	Actions Ongoing improvements to work processes. All accidents are analysed very thoroughly and a high effort is being put into preventing reoccurrence.	Status as of 30.06.11 The number of accidents is very low, so even one accident will have a dramatic effect on the injury frequency. 2010 is on pair with the registered 2009 level.
Procurement
Goal: 31.12.11 80% of procurement above 50,000 EUR in value is to be supplied by partners who have agreed to abide by the principles of the UNGC	Actions The principles of the UNGC or similar will be embodied in the formulation of supplier contracts	Status as of 30.06.11 All suppliers have adhered to the UNGC.
New goal: 31.12.12 UNGC compliance to be incorporated in all supplier audits	Actions Supplier and auditors will be given common guidelines to ensure documentable compliance

Accomplished Partly accomplished Not accomplished

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Code of Ethics in cross-cultural training

With the establishment of NKT Flexibles do Brasil, we are faced with the challenge of introducing up to 300 Brazilian colleagues to a new corporate culture while maintaining focus on the aspects of Brazilian culture that have helped Brazil prosper. Part of the challenge is to establish a set of absolute rules while keeping everybody respectful towards each others differences. By maintaining focus on cultural differences while staying true to the Code of Ethics, we are set to enjoy the best of both worlds.