Sustainable Business

At Axelent, we are committed to conducting business with honesty, fairness, and integrity. Our Code of Conduct serves as a guiding framework for ethical behavior and responsible decision-making across the Group. It provides direction in key areas, and Axelent ensures that all employees are familiar with its contents. No cases of corruption have been reported in recent years.

The full Sustainability report

Acting with integrity across our value chain

Ethical conduct and respect for human rights

Axelent follows the UN’s declaration on human rights and ensures safe, inclusive workplaces free from discrimination or harassment. We support individual development and work-life balance. Our Code of Conduct guides daily behavior and business decisions, promoting fairness, respect, and integrity. All employees are expected to follow it, and no corruption cases were reported in 2024.

Responsible partnerships and open dialogue

We build long-term relationships with local suppliers - 90% of component purchases in 2024 came from within 200 km of our production site. We have established routines for assessing and reviewing suppliers based on their ability to meet our Code of Conduct. Compliance is monitored through audits. To safeguard ethics, we offer secure whistleblower reporting via an independent provider. No reports were filed in 2024.

More information on page 26-27 in our Sustainability report

three men talking in warehouse environment

Sustainability risks and management

We identify potential sustainability risks and opportunities based on our current operations and future outlook. Together with our customers and other stakeholders, we actively address these risks and embrace the opportunities they bring to reduce our environmental impact and contribute to more sustainable development.

You can find the full information in the Sustainability report on page 14-15

Suppliers and logistics

Shortcomings in suppliers’ sustainability efforts
We assess risks in our suppliers’ environmental and human rights practices. Regular audits of new and existing suppliers ensure compliance with our Code of Conduct. No human rights violations were identified in 2024.

Deficiencies in environmental and climate efforts
To limit environmental impact, we prioritize local sourcing - 90% of our purchases are made within 200 km - supporting both climate goals and long-term partnerships.

Harmful emissions
By working with fewer suppliers and setting requirements for transportation using renewable fuels.
Employees

Deficiencies in the work environment
We work systematically to prevent accidents and ill health through safety training, inspections, clear instructions, proper equipment, and ergonomic support - coordinated by our dedicated safety committee.

Risk of corruption and bribery
To counter ethical risks in business relationships, employees receive regular training on our Code of Conduct and engage in ongoing dialogues about responsible conduct.
Manufacturing and product development

Climate risks, CO₂ emissions and other pollutants
We monitor our environmental impact through established routines, including air and water quality checks. Energy audits help us reduce consumption, while regular measurements ensure emissions are pollutant-free and no discharge reaches the drains.

Deficiencies in safety
To ensure product safety, we conduct regular testing to meet strict performance and safety requirements.
Customers

Decreased trust in the brand
To maintain customer trust, our products are tested against relevant standards, and we work actively to prevent corruption through risk assessments and internal controls. Our core values, business strategy, supplier reviews, and Code of Conduct are reinforced through ongoing training and communication.