We set the same requirements to ourselves as we set to our suppliers:

• adopt policies
• conduct regular risk assessment
• draw up action plans to manage identified risks and challenges
• communicate about actions and results
• enable access to remedy through a legitimate grievance mechanism

This is a process, which require both time and resources, and we are continuously improving our due diligence procedures.

The strategy is integrated in all departments of our company, such as Design, Purchase, Sales, Marketing and Retail through info meetings, communication materials, etc. On a quarterly basis, meetings are held with the management group, and we have in 2024 introduced a project group which will be responsible for implementing projects across the organization.

Ethics & Anti-corruption

Anti-corruption Policy

PWT Group wishes to combat corruption and bribery and seeks to promote openness and transparency. We have established an anti-corruption Policy, which is based on the UN Convention against Corruption and signed by the top management. It is included in the Employee Handbook and Supplier Manual. Together with the policy, a “Facilitation and Hospitality Register” has been set up in which employees register gifts.

Animal Welfare Policy

All relevant suppliers are required to sign and comply with our Animal Welfare Policy. It states, among other things, that PWT only accepts leather from animals bred for the food industry, that mulesing is not accepted and that live plucking of birds is unacceptable.

The policy is based on The Five Animal Freedoms.

Reporting & Transparency

PWT Group has set up a grievance mechanism on our website, which ensures that stakeholders can report any concern relating to PWT anonymously.

Our internal whistleblower mechanism aims to provide a confidential channel through which employees can report concerns related to unethical behavior, violations of company policies, or any activities that may pose risks to the environment or society. To ensure that no conflict of interest arises all reports will be initially received by an external partner who is responsible for an initial assessment of the report.

Risk-Management

On an annual basis, we draw up a risk overview, which describes the challenges that we face, and the action plans on how to manage these challenges. This overview is available in our annual reports.