OkCBP

Building trust
through responsibility
Our solid commitment combined with our culture and core values support our
responsible business approach to deliver long-term business benefits.
Conducting business responsibly is the foundation of our commitment
to sustainability and corporate responsibility. Integrity,
transparency and responsibility characterize the way we conduct
business. It is critical to maintaining trust and credibility with
customers, partners, employees, shareholders and other
stakeholders.
Governance framework
Ericsson has Group policies, processes and directives within
responsible sourcing, occupational health and safety (OHS),
environmental management, anti-corruption and human rights,
and other areas. The Ericsson Group Management System
includes the Code of Business Ethics, Code of Conduct, OHS
policy, and Sustainability Policy. We are committed to uphold the
UN Global Compact Principles and to implement the UN Guiding
Principles on Business and Human Rights throughout our business
operations. Under our Global Assessment Program, an
external assurance provider audits the implementation of these
policies and directives, management of risks and achievement
of objectives. Policies are regularly reviewed; several were
strengthened in 2014.
Code of Business Ethics
Our Code of Business Ethics sets the tone for how we conduct
business globally. It is acknowledged by all employees at the time
of employment and repeatedly throughout the term of employment.
We have zero tolerance for corruption and bribery, and have
set high standards within the areas of responsible sourcing, the
environment, occupational health and safety, human rights and
labor across our operations.
Strengthened focus on human rights
Ericsson respects all internationally proclaimed human rights and
strives to ensure that we are not complicit in human rights abuses.
In 2014, we embedded a stronger human rights focus in our Code
of Business Ethics and Code of Conduct (p.12).
The Code of Conduct was strengthened with stronger labor
standard protection in accordance with UN and customer requirements,
including reference to the process for reporting violations,
and requirements on suppliers to report breaches of the Code
of Conduct.
All employees are offered online training on sustainability,
anti-corruption and other CR issues. About 90,000 employees
have taken the anti-corruption training to date, which covers policies
and requirements and explores challenges and dilemmas.
In addition, specific training on human rights issues are provided
for certain functions where human rights issues are especially
relevant, for example, Sourcing, Security and Legal Affairs.
Top-level commitment
The CEO and senior management actively support the commitment
to responsible business and are regularly informed of progress.
Sustainability and CR objectives are part of the Ericsson
Group 2014 balanced scorecard. A cross-functional Sustainability
and CR Steering Group provides guidance for strategic and operational
issues.
The Board of Directors of the Parent Company is briefed twice
a year on sustainability and CR matters; more often if needed. In
2014, briefings covered sustainability and CR strategies and risks,
performance, internal operations, OHS, environment, human
rights challenges, and sales compliance processes and results.
Ericsson | Sustainability and Corporate Responsibility Report 2014
11