Business Ethics

A strong corporate culture and values promote innovation and improve the ability to meet market demands. The experiences of employees and other stakeholders of the Group contribute to improving results, competitiveness and reputation.

The Group's operations are based on responsible business practices and respect for human rights. 

Responsible business 

The significant impact, risk and opportunity that the Group has linked to responsible business practices primarily concerns four sub-areas: (i) corporate culture, (ii) corruption and bribery, (iii) whistleblower protection and (iv) supplier relationship management. These areas are described in general terms below.  

The Group currently only has internal goals related to responsible business. For more detailed information about the Group's governance, strategy, measures and monitoring of key figures in these areas, see the Group's sustainability report. 

Company Culture

Insufficient measures to promote a sound, ethical corporate culture are a potentially negative impact. A strong, healthy corporate culture that contributes to transparency and reliability is perceived as a financial opportunity, while its opposite is a financial risk. 

Corruption and bribery

Insufficient measures and control mechanisms that result in a lack of compliance with laws or the Code of Conduct are perceived as a potential negative impact and as a financial risk.  

Whistleblower Protection

Lack of protection for whistleblowers is perceived to have a potential negative impact. 

Supplier Relationship Management 

By setting requirements and monitoring suppliers, the group has an actual positive impact. Insufficient training of employees working with procurement or inadequate control mechanisms, on the other hand, have potential negative impacts.