We will run our business in an ethical and responsible way and be an ethically sound partner in all our relations and in the societies in which we conduct business. We never accept corruption and we will always act rapidly, stringently and vigorously if discovering corruption or unethical behaviour.
- 99 per cent (99) of all employees conducted an online training in Gränges ’Code of Conduct.
- 100 per cent of all white-collar employees conducted the new online anti-corruption training, based on the updated Anti-Corruption Policy.
Conducting business responsibly
Gränges’ group-wide Code of Conduct outlines ethical principles and gives guidance to employees on how to act and conduct business responsibly. The Code of Conduct is based on international standards1) on human rights, labour conditions, the environment, and anti-corruption. This includes the UN Global Compact and its 10 principles.
Gränges’ Code of Conduct
Gränges has zero tolerance for corruption as it prevents economic development, distorts competition, increases costs, and damages confidence and reputation. It is costly for Gränges as a company as well as for individuals, and could lead to imprisonment and fines. The company does not tolerate corruption and will always act rapidly, stringently and vigorously on discovering corruption or unethical behaviour. In 2019, no corruption incidents were detected and no business contracts were breached or not renewed due to corruption. Anti-corruption is also one criterion in Gränges’ Supplier Code of Conduct, which Gränges’ requires all significant suppliers2) to sign.
Gränges’ Anti-Corruption Policy
To detect irregularities that may seriously harm Gränges’ business or employees, Gränges has a Whistleblower function which is managed by an external company and can be accessed online (intranet or external website) or by telephone. This enables employees and external business partners to provide information anonymously and without fear of retaliation. Gränges takes great consideration of the protection of personal privacy and handles submitted information in line with applicable legislation and regulation.
Gränges’ Whistleblower function ›
1) UN Global Compact, UN Universal Declaration of Human Rights, Sustainable Development Goals, and the OECD Guidelines for Multinational corporations.
2) Suppliers with a purchase value above SEK 5 million CNY 5 million or USD 0.5 million.