annual-and-sustainability-report-2014

malkyl

annual-and-sustainability-report-2014

Customer solutionsthat enable sustainableuse of energyEnsuresustainability inthe supply chainSafeguardthe company’sTransform theproduction portfoliotowards lowerCO 2 emissionsand morerenewablesIncreasefocus on otheremissionsProtect natureand speciesand safeguardbiodiversityImprove resourceefficiencyin Vattenfall’soperationsintegrityTakeresponsibilityEnsure afor Vattenfall‘shealthy andimpacts on localsafe workplaceOur employees communitiesSustainable consumptionSustainable productionDevelopments during the year | Sustainable financial performanceSafeguard the company’s integritySustainable financial performanceBeing a good corporate citizen involves ensuring thatthe organisation acts in an ethical manner that is freefrom corruption. Vattenfall believes that competition playsa decisive role for a market to function effectively andhas a zero tolerance policy with respect to bribery andcorruption.How is Vattenfall working with this?Vattenfall requires that all employees take personal responsibility byacting in accordance with the company’s ethical guidelines, whichare laid out in the Vattenfall Code of Conduct (read more about theCode of Conduct on page 56), and in internal policies and instructions.Vattenfall also adheres to the Swedish state’s owner policy, whichstipulates that state-owned companies are to comply with internationalguidelines pertaining to anti-corruption and business ethics.Vattenfall works extensively with preventive measures and monitoring.The Group’s annual Integrity Survey is an example of such a measure,where some 200 of the company’s senior managers respond toquestions coupled to the basic principles of the Code of Conduct.Based on the responses, necessary measures are taken to increaseawareness about the Vattenfall Code of Conduct, such as follow-uptalks, training and checklists.Employee training is an important part of preventive work. All seniormanagers and employees who have extensive contacts with competitorsare required to participate in the Vattenfall Integrity Programme,which they must repeat every three years. While the programme’s mainfocus is on competition laws, it also addresses several other integrity-relatedmatters, including:Vattenfall’s Code of ConductRules regarding bribes and corruptionIncident reportingInsider informationConflicts of interestThe aim of the training is to establish a uniform, fundamental level ofknowledge about these issues throughout the Group and to promotea company culture that is distinguished by personal responsibility andintegrity.For Vattenfall is it also important that the company’s suppliers actin an ethically proper manner. Accordingly, Vattenfall applies a specificCode of Conduct for Suppliers. Read more about Vattenfall’s work withits suppliers on page 51. The Code of Conduct for Suppliers has alsobegun to be used for sponsoring agreements, and the goal is that allnew sponsoring agreements will be required to adhere to this code.Activities during the yearOne concrete goal in 2014 was to visualise Vattenfall’s Integrity organisationinternally within the company. This included creation of the“Integrity meets the business” project.StrategyEnsure that everyone in the Group acts in an ethical mannerthat is not anti-competitive.TargetsAll relevant employees and managers should have participatedin the Vattenfall Integrity Programme.Achievements in 2014Code of Conduct updatedVattenfall Integrity Programme carried out on regular basisVattenfall joined the World Economic Forum PartnershipAgainst Corruption Initiative (PACI)Initiation of the “Integrity meets the business” projectChallengesTo adapt Vattenfall’s Integrity organisation and the existing workprocesses to the company’s new organisational structure whilemaintaining a high level of quality and results.Integrity meets the businessIn 2014 the “Integrity meets the business” project was initiatedat Vattenfall to increase awareness about integrity issues in theorganisation. During a series of meetings, management teamsfrom Vattenfall’s various markets presented key issues in focusand the tools that are available as support in the operations.The management teams also gave feedback and suggestionsfor improvement. The response was very positive, and advisoryand targeted training efforts have been adopted as a directresult of the project.The Vattenfall Integrity Programme was conducted at regular intervalsat all major locations where Vattenfall is active. As a complement toinstructor-led training, Vattenfall also offered a number of e-learningcourses.During the year Vattenfall joined the World Economic ForumPartnership Against Corruption Initiative (PACI). Membership requiresa commitment by Vattenfall to adopt a zero tolerance policy regardingbribery and corruption, and to establish an internal anti-corruptionframework.Planned activitiesVattenfall will continue its work on incorporating the Code of Conductinto business practices and related matters, but with a more localfocus. A further goal will be to follow up completed training activitiesand verify a number of routines coupled to the company’s Code ofConduct.In 2014 approximately 1,300 of the Group’s employees participatedin the Vattenfall Integrity Programme.Vattenfall has also developed several e-learning courses that complementthe instructor-led training.Vattenfall did not receive any complaints from authorities in 2014,nor was it party to any legal actions, concerning alleged anti-competitivebehaviour or incidents of bribery or corruption.50 Vattenfall Annual and sustainability report 2014

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