Rights-aware
Electrolux is making steady progress on its human rights agenda. In 2013 we revised our Code of Conduct and Workplace Standard in line with the OECD guidelines for Multinational Enterprises and strengthened our commitment to respect, protect and remedy human rights within our operations and sphere of influence.
Risk, relevance, responsibility
Our starting point was the outcome of a corporate human rights risk assessment conducted in 2012. Building on stakeholder insights, the revised Code will address new and emerging issues with potential relevance along the Group’s value chain. Wording is stronger, standards tighter and responsibilities more clearly defined. New provisions include conflict minerals, business ethics, security and anti-corruption, along with strengthened provisions for overtime, compensation and freedom of association.
Aligned with expectations
The new draft is aligned to stated expectations by customers and customer organizations as well as universal standards regarding human rights, including:
- International Bill of Human Rights
- ILO Core Conventions
- OECD Guidelines for Multinational Enterprises
- UN Global Compact
- UN Guiding Principles on Business and Human Rights
Launch and rollout of the Code and Standard is planned for 2014
StopSearchHereCEO Statement
In 2013 we continued to deliver above our growth target and delivered 4.5% in organic sales growth.
CEO Statement
I'm convinced that raising product efficiency for the growing middle class is where long-term shareholder value creation lies.
Our products
Electrolux is the only appliance manufacturer in the industry to offer complete solutions for both consumers and professionals. The focus is on innovative and energy-efficient products in the premium segments.
Sustainability
Achieving the Group's vision of sustainability leadership is crucial to realizing the business strategy. The objective is to develop smarter, more accessible, resource-efficient solutions that meet people's needs and improve their lives. Read the comprehensive sustainability performance review.
Awards & recognition
Financial Reporting
Net sales for the Electrolux Group in 2013 amounted to SEK 109,151m, as against SEK 109,994m in the previous year. The organic sales growth was 4.5%, while currencies had an impact of -5.3%.
