The fifth and last post in the blog series revolves around SDG 10: Reduced inequalities. It advocates the reduction of inequalities within and between countries. PALFINGER supports this goal with a material sustainability topic.
SDG 10: Reduced inequalities
The Sustainable Development Goals (SDGs) have the goal of counteracting the most important problems of our time, promoting human well-being as well as protecting the environment. PALFINGER aims to contribute to sustainable development and this includes supporting and involving the SDGs in our business activities.
This blog article is about SDG 10: Reduced inequalities. This development goal has the following task:
“Reducing inequalities within and between countries”
Inequalities can exist globally due to many factors within and between countries: income, gender, age, disability, sexual orientation, race, class, ethnicity or religion. But inequalities threaten long-term social and economic development. For all nations to thrive, equal opportunity and prosperity must be possible for all.
Companies have many opportunities to support and explicitly promote equal opportunity:
- Availability of products and services for developing and emerging countries
- Equal pay (regardless of gender, origin, etc.)
- Diversity and equal opportunities
- Economic Integration
- Improvement of working conditions – also along the entire supply chain
- Offering of further training opportunities
You can find out more about this development goal on the following website: https://www.un.org/sustainabledevelopment/inequality/
PALFINGER’s contribution to SDG 10
PALFINGER regards compliance with legal and ethical standards as a social obligation. The fulfillment and partial over-fulfilment of regional standards makes us an attractive employer. We act ethically by complying with the law, paying taxes transparently and correctly, and countering corruption. In addition to the promotion of diversity and equal opportunity, the topics include fair working conditions, modern workplaces and fair remuneration.
We meet the SDGs with four sustainability fields: ‘Responsible Employer’, ‘Eco-efficiency in Production’, ‘Sustainable Products’ and ‘Fair Business’. SDG 10: Reduced inequalities are served by the ‘Fair Business’ field. PALFINGER can make a direct contribution with one material sustainability topic:
PALFINGER acts ethically correct: Legal requirements are observed and ethical principles are taken into account through voluntary commitments (e.g. Group guidelines, Code of Conduct).
Compliance has a high priority at PALFINGER at every Group-level. In order to prevent possible breaches of rules in advance, PALFINGER’s compliance programme focuses on prevention. In addition, the establishment of a Group policy system and the implementation of regular awareness training promotes compliance throughout the PALFINGER Group. The Integrity Line has been set up to detect compliance violations. As in previous years, PALFINGER was not aware of any significant cases of compliance violations in 2017.
Code of Conduct
As a globally operating company, PALFINGER wants to ensure that our behaviour is guided by the same ethics in all markets and business areas, whether internal or external. For this reason, principles on human rights, labour standards, environmental protection and anti-corruption were summarized in the Code of Conduct years ago. Since 2010, this has not only applied to PALFINGER’s employees, but also to our business partners, suppliers and dealers. With the Code of Conduct we see the possibility to actively raise our integrity.
PALFINGER’s culture encourages the immediate reporting of any compliance violations that may occur. For this purpose, the Integrity Line has been set up, which can be accessed via the company website and can be used anonymously by employees and external persons such as customers or suppliers. All topics are checked for relevance and – if relevant – these topics are followed up.
Find out more in our Integrated Annual Report 2017.