AMF's code of conduct for suppliers
AMF is one of Sweden’s largest pension companies with approximately 4 million customers and more than SEK 755 billion (2023-09-30) in assets under management. Such a position carries with it responsibility as regards ethics and sustainability.
AMF endeavours to promote sustainable development and has, therefore, signed up to the UN’s Global Compact initiative. Signing up means that, within the scope of its operations, AMF will promote respect for human rights and fundamental labour rights,
work for a better environment, and fight corruption.
We impose corresponding demands on our suppliers. This means that the supplier must respect fundamental labour rights in accordance with the Global Compact, which are based on conventions regarding work and employment conditions, as well as the UN Declaration on Human Rights and Article 32 of the UN Convention on the Rights of the
Child. Read more on www.unglobalcompact.org
The 10 key principles in the Global Compact constitute AMF’s code of conduct for AMF’s suppliers. All businesses that deliver products or services to the AMF group are expected to respect these principles. When considering new suppliers and deciding on continued cooperation with existing suppliers, the supplier must confirm that it
respects the internationally accepted principles as expressed in Global Compact.
Global Compact’s 10 key principles are:
1. Supporting and respecting the protection of internationally proclaimed human rights
within the sphere of the business’ influence.
2. Ensuring that their own businesses are not complicit in human rights abuses.
3. Upholding the freedom of association and recognising the right to collective bargaining.
4. Elimination of all forms of forced and compulsory labour.
5. Abolition of child labour.
6. Elimination of discrimination in respect of employment and occupation.
7. Supporting a precautionary approach to environmental challenges.
8. Taking initiatives to promote greater environmental responsibility.
9. Encouraging the development and diffusion of environmentally friendly technologies.
10. Businesses should work against corruption in all
its forms, including extortion and bribery.
AMF's ethics and sustainability rules
AMF’s board of directors is ultimately responsible for AMF’s sustainability work. The sustainability work is based on the tasks assigned to AMF and the board’s rules governing ethics and sustainability. In brief, the rules mean that AMF’s employees are required to act responsibly and to endeavour to contribute to sustainable development. The rules are based on fundamental values such as honesty, responsibility, equal treatment, and respect for individuals. They also prescribe that AMF bears responsibility towards customers, owners and other stakeholders. The rules constitute AMF’s sustainability governance system and are included in AMF’s rulebook, together with, among other things, investment guidelines, owner policy and risk management rules. The rulebook is adopted each year by AMF’s board of directors.
Read more about AMF’s ethics and sustainability rules on www.amf.se.