Platou Sport AS
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Human Rights
- Labor Conditions
- Environmental Sustainability
Social Achievements
- Established a Code of Conduct for suppliers addressing human rights, decent work conditions, animal welfare, and the environment.
- Collaborated with the sports industry on a joint project to establish a common platform and framework for mapping suppliers.
Governance Achievements
- Developed internal routines to ensure responsible anchoring of work on human rights and decent working conditions, approved by the board and communicated to all employees.
- Regular training on the Openness Act and related routines are conducted.
Climate Goals & Targets
Medium-term Goals:
- Continue industry collaboration to map and address needs identified through due diligence.
- Ensure all business partners are familiar with the Code of Conduct and deliver goods and services according to these standards.
Short-term Goals:
- Further develop the due diligence process based on experience.
- Increase internal competence in sustainability and responsible procurement practices.
Environmental Challenges
- Risks associated with shoe and textile production in Asia, including child labor, forced labor, limited freedom of association, wages below living wages, challenging working environments, potential pollution, and high water consumption.
- Risks in Turkey, including child labor and violations of employee rights.
- Limited follow-up systems for the supply chain among some suppliers not covered by the Openness Act.
- Challenges in mapping sub-suppliers and obtaining reliable reports without dedicated resources.
Mitigation Strategies
- Established minimum requirements for suppliers, including signing a Code of Conduct, providing contact persons, having a system for following up on ethical guidelines, ensuring goods meet Nordic market standards, ensuring traceability, providing access to information on working conditions, and preventing negative environmental impacts.
- Terminated relationships with 2 Asian suppliers due to insufficient risk management practices.
- Prioritizing future orders with suppliers having experience in risk management and ethical guideline compliance or using recognized third-party auditing organizations.
- Active collaboration with the sports industry to continue mapping the industry and identify potential problem areas.
Supply Chain Management
Responsible Procurement
- Code of Conduct
- Minimum requirements for suppliers
- Collaboration with sports industry partners
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: OECD Guidelines for Multinational Enterprises