For Ericsson, corporate responsibility is about integrating ethical, environmental and social imperatives into the way we work and throughout our value chain, promoting an energy-lean product portfolio and demonstrating the benefits of Information Communications Technology (ICT) to further the goals of sustainability.
We have a two-pronged approach. We ensure that the controls are in place to minimize risks, and we strive to generate positive business impacts.
This approach is coordinated by a Corporate Responsibility Director, who supports Group functions, engages in dialogue with customers, investors and other stakeholders in order to capture their priorities, and coordinates target setting. A Corporate Responsibility Steering Committee oversees the strategic direction and ensures that it permeates the organization. Its chairman reports to the CEO and members are drawn from senior managers.
Our 23 Market Units are engaged via a company-wide network which coordinates Group objectives, local activities and provides a forum to share best practice.