Olof Faxander, Sandvik’s President and CEO, talks about anti-corruption at the World Economic Forum Annual Meeting 2015
Since over one year ago, Sandvik is an active participant in the Swedish Leadership for Sustainable Development (SLSD) network, which has been launched and is facilitated by Sida, the Swedish International Development Cooperation Agency. The SLSD network comprises 23 larger Swedish companies and three research and policy institutes.
Representing Sandvik at the World Economic Forum Annual Meeting 2015 in Davos, Switzerland, Olof Faxander participated in a panel discussion about the SLSD network's goals and achievements, during which he emphasized the importance of fighting corruption.
"Anti-corruption is an important matter for us at Sandvik. We see corruption as an impediment for global sustainable development - which in turn can affect our business operations", says Olof Faxander. "The more we can minimize corruption in the countries where we operate, the more stable business we can make and the better supplier we are for our customers." he continues. "We have chosen to participate in SLSD's work on anti-corruption since we see this as a common challenge across industries. Together we are stronger and can make a more powerful impact", he concludes.
Other participants in the panel discussion are Hans Vestberg, CEO Ericsson, Olof Persson, CEO Volvo Group, Jeff Seabright, Chief Sustainability Officer, Unilever, Sarah McPhee, CEO SPP and Christian Paradis, Minister of International Development in Canada. Johan Rockström, Executive Director Stockholm Resilience Center, was moderating the discussion.
SLSD is a network formed in May 2013 comprising 23 larger Swedish companies, including Sandvik, Boliden, Elekta, Ericsson, H&M, IKEA, Indiska, Löfbergs, Tele2, Ratos, SKF, SPP, Systembolaget and Volvo, as well as three research and policy institutes, who together with Sida are working for sustainable global development and poverty reduction in the world. In 2015, the network will focus on developing new models to stimulate sustainable development, increase interaction between public and private actors and to scale up innovations.
The World Economic Forum Annual Meeting 2015 gathers around 2,500 delegates from over 100 countries, such as business leaders, heads of states and governments, other politicians, scientists, representatives from the public sector and civil society, and other opinion leaders. The meeting aims at facilitating and shaping global, regional, and industry agendas.