Business Ethics and Anti-corruption
Ratos requires the implementation of sound business ethics and proactive anti-corruption initiatives in its companies. All companies are to implement a Code of Conduct that, at a minimum, corresponds to Ratos’s Code of Conduct, which stipulates that recognised international conventions, human rights and employee rights and conditions must be respected. Every employee has a responsibility to report an incident if they suspect that an action is in breach of the company’s Code of Conduct through externally managed whistleblowing systems. Ratos imposes requirements on the prevention of corruption. The companies must carry out risk analyses and implement measures in order to manage identified risks.
E-learning tools and initiatives
Aibel’s Code of Conduct is kept alive through e-learning tools, a whistleblowing system and its Compliance Champions initiative.
Just like other Ratos companies, Aibel has a Code of Conduct to ensure a high ethical standard. An annual certification is carried out using an e-learning tool where all employees confirm that they have read and will follow the code. Aibel also has a program in place in which certain business units are appointed as Compliance Champions. The Champions carry out local compliance campaigns and become a vital link between the central compliance function and the operations Another way to ensure compliance is the digital whistleblowing system that enables an anonymous dialogue from first dialogue through to investigation and conclusion.