What we do and how we do it is important. We always want to do the right thing.
In brief, the VBG Group Code of Conduct entails the following:
- We will abide by the laws and regulations in the countries in which we operate.
- Our dealings with business partners will be characterised by fairness.
- We will not offer or accept bribes.
- We will not discriminate against any individual.
- We will ensure that a safe and healthy work environment will be provided for all employees.
- As a company, we observe political neutrality.
- All accounting practices and reporting will be performed in a correct manner.
- We will utilise our resources as efficiently as possible and design and produce our products to minimise energy and raw material consumption.
- We will avoid using methods and materials that are hazardous to the environment or health.
You can read the complete VBG Group Code of Conduct by clicking the headings or downloading the PDF below.
The VBG Group Code of Conduct has been adopted to underscore the principles by which the Group conducts its relations with employees, business partners and other stakeholders. It applies to all members of the Board of Directors, and all employed by the VBG Group.
The VBG Group encourages suppliers, dealers, consultants and other business partners within its sphere of influence to adopt these principles. In the assessment of potential and current suppliers, the principles described in this document shall be applied.
In every country in which it operates, the VBG Group shall abide by the laws and regulations of that country. In situations where the law does not give guidance, the Group applies its own standards based on its corporate values and culture. In cases of conflict between mandatory law and the principles contained in this code, the law shall prevail.
Relations with Business Partners
VBG Group´s dealing with its business partners are characterized by fairness. The VBG Group shall not offer customers, potential customers, governments, agencies of governments, or any representatives of such entities, any rewards or benefits in violation of either applicable laws or reasonable and generally accepted business practice. VBG Group employees must not accept payments, gifts, or other kind of reimbursement from a third party that could affect or appear to affect their objectivity in their business decisions.
Accounting and Reporting
All financial transactions by the VBG Group must be reported in accordance with generally accepted accounting practices, and accounting records must show the nature of all transactions in a correct and not-misleading manner. The VBG Group will provide disclosure that is open, truthful, relevant, comprehensible and timely.
Conflicts of Interest
Employees and members of the Boards of Directors of the VBG Group shall conduct their private and other external activities and financial interests in a manner that does not conflict or appear to conflict with the interests of the Group. Should such a conflict of interest arise, it must be reported immediately by the person subject to the conflict to his/her immediate supervisor.
The VBG Group observes neutrality with regards to political parties and candidates. Neither the names nor the assets of VBG Group companies shall be used to promote the interests of political parties or candidates.
The VBG Group encourages an ongoing dialogue with its stakeholders.
The design of products and processes aims to use energy and raw material efficiently, and waste and residual products are minimized over the products life cycles.
The VBG Group supports the precautionary principle by avoiding materials and methods posing environmental and health risks when suitable alternatives are available.
The VBG Group routinely audits, follows up and reports on its environmental performance, with particular emphasis on evaluating the potential risks of present and future products and operations in certified companies. The ambition is to also have routinely audits in non-certified companies.
Within its sphere of influence, the VBG Group supports and respects the protection of interna-tionally proclaimed human rights and ensures that it is not complicit in human rights abuses.
The VBG Group hires and treats its employees in a manner that does not discriminate with regards to gender, race, religion, age, disability, sexual orientation, nationality, political opinion, union affiliation, social or ethnic origin. Workplace diversity at all levels is encouraged.
No form of forced, compulsory or child labor is tolerated in the VBG Group. The minimum employment age is the age of completion of compulsory school. VBG Group encourage to all kind of practical weeks, apprenticeship, student trainees during education.
Freedom of association and the right to collective bargaining and agreements shall be respected in all VBG Group operations.
The necessary conditions for a safe and healthy work environment shall be provided for all VBG Group employees.
Responsibility of Managers and Employees
It is the responsibility of VBG Group managers to communicate and demonstrate the content as well as the spirit of this document within their organisations, and to encourage employees to reveal behaviour that may be non-compliant with these principles. Explicit or implicit approval of questionable actions will not be tolerated.
Reports of violations of this code may be done anonymously and confidentially to our online whistle-blower service at https://report.whistleb.com/en/vbggroup. Persons reporting violations in good faith will not be subject to retaliation.
This Code of Conduct will be promptly and consistently enforced. Failure to comply with its provisions can result in disciplinary action.
This Code of Conduct has been adopted by the Board of Directors of VBG Group AB and can only be amended or waived by the Board. Any amendments or waivers shall be disclosed.