UN Global Compact principles

We support

Hoist Finance is a signatory of the United Nations Global Compact and the Ten Principles on Human rights, Labour, Environment and Anti-corruption. The principles are derived from the Universal Declaration of Human Rights, the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work, the Rio Declaration on Environment and Development, and the United Nations Convention Against Corruption. As a signatory, we issue an annual Communication on Progress (CoP) to describe our progress within the four areas, as well as a CEO statement assuring continued support.

Human rights

Principle 1

Businesses should support and respect the protection of internationally proclaimed human rights.

 

Principle 2

Businesses should make sure that they are not complicit in human rights abuses.

Examples of activites:

  • Providing safe and healthy working conditions, guaranteeing freedom of associations, non-discrimination, not use forced labour or child labour, providing access to basic health care and education
  • Whistleblowing mechanism
  • Sustainability due diligence on suppliers, including human rights aspects.

 

Included in the Sustainability Strategy

 

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Labour

Principle 3

Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining

Principle 4

Businesses should uphold the elimination of all forms of forced and compulsory labour.

Principle 5

Businesses should uphold the abolition of child labour.

Principle 6

Businesses should uphold the elimination of discrimination in respect of employment and occupation.

 

Examples of how we do it

  • Sustainability due diligence on suppliers 
  • Freedom of association in all markets 
  • Pay is based on industry, local market and collective agreements and is reviewed annually

Included in sustainability strategy

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Environment

Principle 7

Businesses should support a precautionary approach to environmental challenges.

Principle 8

Businesses should undertake intitiatives to promote greater environmental responsibility.

Principle 9

Businesses should encourage the develpment and diffusion of environmentally friendly technologies.

Examples of how we do it

  • Continously integrating climate change risk in investment processes
  • Data management system implemented in 2021 for improved management and analysis of emissions

Included in sustainability strategy

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Anti-Corruption

Principle 10

Businesses should work against corruption in all its forms, including extortion and bribery.

Examples of how we do it

  • HOFI anti-corruption index developed in 2021
  • Carrying out and measuring results of internal anti-corruption e-learning

Included in sustainability strategy

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