Social contract

There are many ways a company can fulfil its responsibility to create a better, greener and more sustainable society in all respects. At Verdo, we have committed to doing so through what we call our social contract.

The social contract is very much at the centre of our StepTogether strategy, whereby we strive to be a purpose-driven company with a strong value set. As a cooperative society, we have no shareholders or owners who need to take their share of any profit. Instead, we reinvest part of our profits to grow our business.

As part of the social contract, we also distribute funds to promote business and urban development, and to innovation projects related to the transition to sustainable critical infrastructure. Finally, we support the development of local communities, financially and otherwise, through sponsorships and other local activities that help make a real difference.

All this means we have an obligation to put ourselves in the shoes of our customers, employees, local communities and partners, to deliver the added longterm dimension that is our purpose. We aim to make life easier for our customers. We aim to be a community that promotes growth for our employees. We aim to promote development and cohesion in our local communities. And we aim to build close and transparent partnerships. To the benefit of ourselves – and the community.

These are the four key pledges upon which our social contract is built.

Customers We work hard to understand and meet our customers’ needs, so we can make their lives more simple. We provide sustainable and secure utility services at competitive prices, and we seek a trust-based relationship with our customers. Employees We offer our employees an attractive workplace with a strong sustainable purpose. Through workplace communities that promote growth, we set ambitious goals and equip our employees for the future labour market through individual development and responsibility. Society We create an attractive foundation for a vibrant and growing business community, and promote development and cohesion in local areas. Our aim is to make a sustainable impression and play a greater role in the local community – in part through knowledge sharing and supporting projects for a sustainable transition. Partners We believe that the path to longterm relationships is through transparent and flexible partnerships. We set high demands for competitiveness, deliveries and working conditions, so we can reap the long-term benefits that a good partnership brings.