Sustainability Report 2020
Through a challenging and demanding year, we continue in pursuit of delivering on our purpose
The COVID-19 pandemic has had the dramatic effect of exposing both strengths and weaknesses in our societies. As the situation has progressed, it has also highlighted the importance of the role that companies play, beyond their products, solutions and services, in the communities they serve.
It was an honour to have been chosen as CEO in October 2020. Since then, I have felt an ever-increasing sense of pride, not just in the purpose of our company, but in the contributions all Grundfos’ employees make every day to solve the world’s water and climate challenges and improve the quality of life for people.
Poul Due Jensen, CEO & Group President.
Read the full CEO letter in the report.
The report is structured around the three core pillars of our purpose and the main changes we want to drive as a business: Water, Climate and People.
Our solutions may not be visible in plain sight, but we are everywhere
Accountability
We have a zero-tolerance approach to corruption and our Code of Conduct details our commitment to this.
Just as we stipulate standards of ethical practice for ourselves in our CoC, we have a Supplier Code of Conduct (SCoC) that establishes related requirements for all our suppliers and covers such sustainability issues as environmental impact, health and safety and corporate ethics.