Business Ethics and Anti-corruption

Our business relationships and business methods are based on compliance with legislation and the application of good business ethics. Bribes, facilitation payments, excessive gifts and any other form of improper or illegal business behaviour is strictly prohibited.

All forms of remuneration to business partners must only refer to actual goods or services. Gifts and other benefits must not exceed local customs and must be in line with legislation.

We expect our Suppliers to likewise have an anti-corruption policy that states zero tolerance towards bribery and other forms of corruption, and that they demand the same from their suppliers and other business partners.

NIBEs policy is to never:

Offer, promise or give financial or other advantages to customers, suppliers, other business partners or public officials that could be considered given to influence or reward disloyal or improper behaviour or performance.
Request or accept any financial or other advantage that could be considered given to influence or reward disloyal or improper behaviour or performance by the recipient or any other third party.
Make facilitation payments (usually cash paid to a public official to facilitate routine government action).

We will not discipline or condone negative treatment of any employee or business partner who reports non-conformities towards our anti-corruption policy, nor will we discipline any employee or business partner who complies with our anti-corruption policy, no matter the financial or other consequences for us.

We will take appropriate action against any director or employee, as well as against any business partner who do not comply with our anti-corruption policy.

All employees must respect the applicable regulations regarding confidentiality of information that is owned by the company and our business partners. This also applies to information that could potentially distort competitiveness, share price sensitive information or other types of business information that could be classified as confidential.

Questions to ask yourself:

Do we have an anti-corruption policy that states zero tolerance towards any form of corruption?
Have we assessed the corruption and bribery risks in our value chain and mitigated the identified risks with controls?
Do we have a system in place to evaluate our business partners from a business ethical point of view?
Do we conduct a due diligence before engaging an agent och a third party to perform services for us, or on our behalf?

UN Global Compact, principle 10