Home / Sustainability / Ethics

Ethics

Strong business ethics is about building trust. How we do business is just as important as the results we achieve.

Our ambitions

Strong business ethics

We have zero tolerance for bribery and corruption and commit to conduct our operations honestly, transparently, and ethically, internally and externally.

Code of Conduct

All employees sign our Code of Conduct and receive training on an annual basis. Employees in selected positions are educated on anti-bribery and corruption.

Sustainability screened suppliers

We screen our direct material and transport suppliers based on our supplier sustainability requirements.

Key metrics

	Baseline 2022	Result 2023	Goal 2030
Employees who have signed the internal Code of Conduct [%]	97	100	100
Employees who have completed internal Code of Conduct training [%]	91	100	100
Selected positions who have completed Anti-corruption training [%]	97	99	100
Number of confirmed instances of corruption	0	0	0
Spend from sustainability approved suppliers [% of purchased volume]	41	35	90

 

* Based on our supplier requirements, risk screening and supplier approval process of direct material and transport suppliers. Our supplier requirements cover the following areas: anti-corruption, health and safety, fair employment conditions, human rights and environment.

See in-depth descriptions and comments in our Sustainability Report. 

How we get there

• Ensuring that the Code of Conduct is known and respected through recurring training.
• Performing regular risk analysis and internal and external control mechanisms.
• Ensuring responsible governance and board oversight of ESG risks.
• Adopting sustainability performance measures in executives’ compensation program.
• Ensuring internal and external due diligence of existing procedures, training, and control mechanisms, incl. due diligence processes of intermediaries.
• Collaborating with business partners on relevant sustainability issues.
• Requiring our suppliers to adhere to and comply with our supplier requirements and evaluate the compliance by doing regular assessments and audits.
• Ensuring sustainability competence among purchasing positions and use sustainability as a criteria in the sourcing process.
• Conducting our business by the Ten Principles of the United Nations Global Compact, where principle ten relates to anti-corruption.
• Membership in the Swedish Anti-Corruption Institute and the UN Global Compact.

Sustainability Roadmap 2030

View all three focus areas, Planet, People, and Ethics, in our Sustainability Roadmap guiding our path to 2030. 

See the Roadmap