Profoto’s SCoC is based on the UN initiative, Global Compact’s ten principles, and sets Profoto’s minimum requirements in terms of human rights, labor law, the environment and the fight against corruption. At present, priority is given to the company’s manufacturing suppliers being covered by SCoC. In addition, all suppliers must ensure that they comply with RoHS and REACH, notify when conflict material has been used and ensure that the requirements of the CE marking are met.
All priority suppliers are reviewed to ensure that they have the ability and willingness to comply with Profoto’s SCoC or another code with at least the same level of requirements. At present, 68 percent of our priority suppliers have signed our SCoC.
Audit plans are produced every quarter and determined on the basis of available resources, supplier risk and level of expenditure. The risk assessment is based on the supplier’s strategic importance and the level of expenditure in the form of the total purchase value. The review focuses on compliance with our SCoC, but most time is spent on quality issues where the process is similar to that of ISO 9001. For suppliers of standard components, no review is normally performed. The ambition is to review priority suppliers at least every two years.
- Anti-corruption and bribery policy
- Work environment policy
- Anti-stress policy
To ensure that the company’s policies are known and visible, Profoto’s management presents them regularly in connection with meetings. The work environment policy and the Anti-stress policy are regularly included in the safety committee’s agenda, where safety deficiencies are dealt with immediately.
The greatest risk in this area is the damage that would be done to our reputation in the event of a failure to live up to customers’ expectations in terms of product leadership. A damaged reputation would lead to lower sales and a reduced ability to invest in more sustainable products.