PANDORA_CSR Report_2014_Flipping_book - page 27

APPROACH
Rubbermoulds for the casting of wax charms.
27
In2014, we continued the rollout of our PANDORA
Ethics
programme, which is designed to implement our
ethical aspirations and policieswithin human rights,
working conditions, the environment, business ethics and
responsible sourcing. Our core Ethics policies can be found
onwww.pandoragroup.com/csr.
GOVERNANCE
For PANDORA, the aim of good corporate governance is to
maximise long-term value creation and ensure transparency
and accountability in thewaywe fulfil our obligations
towards all key stakeholders. PANDORA intends to exercise
good corporate governance at all times andwe assess our
practices according to the recommendations issued by the
DanishCommittee onCorporateGovernance. Readmore
about governance onwww.pandoragroup.com
PANDORA
Ethics
is governed by our CSR Steering
Committee, headed by ourVice President, GroupCSR
and is furthermade upof the heads of Procurement,
Manufacturing, HR and Investor Relations &
Communications, with our CFO andChiefMarketing&
Merchant Officer representing executivemanagement. Our
progress in advancing responsible business practices is
regularly addressed at PANDORA’sAudit Committee under
the Board of Directors.
RESPONSIBLE JEWELLERY COUNCIL
PANDORA is a certifiedmember of the Responsible
JewelleryCouncil (RJC). RJC is an organisationdedicated
to reinforcing consumer confidence by developing and
implementing responsible business practices and standards
across the entire jewellery supply chain. RJC is recognised
by other leading certificationorganisations as the
sustainability leader within the jewellery industry.
In2014, PANDORA continued in the Standards
Committee as the elected representative of the jewellery
manufacturingmembers and accepted additional roles as
Standards CommitteeChair aswell as a seat in the RJC
ExecutiveCommittee.
In2012, the PANDORA entities around theworldwere
successfully audited by independent consultants inorder
to achieveGroup-wide certification under the RJCCode of
Practices, which requires strict compliancewithmore than
100 sustainability provisions.
PANDORA’s recertification against the new and improved
RJCCode of Practices is due in2015 andwe expect tobe
in compliancewith all applicable provisions.
Find the list of these provisions on their website:
APPROACH
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