Social responsibility through sound business practice
Compliance is the foundation upon which we rest. From there, we work to structure the market so that competition takes place on equal terms.
For us, it is natural that we, a large and responsible market player, prioritise compliance. We are focused on complying with the existing set of rules and norms which are the basic foundation on which our business is operated.
However, we also want to set a high standard for the industry by doing in-depth work in responsible business operations. This way we aim to contribute to better legislation, the structuring of the industry and competition conditions.
Everyone should take responsibility for their waste
We are seeing increasing interest in traceability and compliance from our customers. It is important to them that their waste is treated properly. We treat all waste completely safely and within the scope of applicable regulations, and through compliance and traceability, we contribute to our customers taking responsibility for their waste.
Compliance for one’s own activities is a basic requirement in our work with the management and treatment of our customers’ waste. We also work actively to create order, credibility and fair competition in a market which is unfortunately still unstructured. We actively participate in improving legislation, and we implement new rules quickly.
Traceability is essential to ensure the proper treatment of contaminated soil or waste so that after its final treatment, it can be sent out for use, cf. regulatory approval, without posing a risk to its surroundings and people.
Competition measures (anti-corruption)
Unfortunately, the construction industry in Denmark does experience breaches of the competition rules. RGS Nordic takes this very seriously, and by virtue of our position in the market, our role means we have to be extra attentive. Therefore, we regularly conduct compliance seminars for employees who, by virtue of their positions, can obligate our company – primarily senior employees and salespeople. Important matters are discussed at the seminars, such as penalties, horizontal and vertical contractual relationships, the meaning of dominance and guidance about do’s and don’ts.
Financial security for waste treatment
Furthermore, we recognise the income from the ongoing treatment of soil and wastewater in step with the degree of treatment. RGS Nordic follows all the accounting rules for revenue recognition and, not least, good accounting practice, and our accounts are audited and endorsed by Ernst & Young.
Legally, a waste producer/builder still has civil liability for its waste, even after delivery to a waste treatment plant. They are only discharged of this liability once the waste is fully treated, for example through biological or thermal treatment. Sorting is not considered treatment in this context, and so the liability is not discharged.
Unfortunately, our industry experiences bankruptcies which leave great financial expenses for cleanup and completing waste treatment. The responsibility for these, and therefore the costs, fall to the waste producer or alternatively the property owner
This uncertainty for property owners or waste producers around deliveries of contaminated soil or waste has been removed, due to the restrictive recognition of accounting provisions at RGS Nordic. These provide a financial guarantee for the proper cleanup and treatment of waste.
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