Business ethics

Business ethics

Scania’s social responsibility means that observing and complying with the laws is a matter of course. We have a duty to comply with the laws under which we operate in all business decisions we make.

One decisive factor for the success of Scania is that all employees – from board members and managers to each individual employee– must act with honesty, integrity and in an ethical manner.

A solid foundation for business ethics

Transparency and fairness are key to creating credibility and trust in business practice. This is communicated by Scania’s governance framework, building on Scania’s core values and implemented by internal regulations.

Scania’s ethical principles can be found in Scania’s Code of Conduct.

Every employee must ensure compliance with our ethical principles within his / her area of responsibility. Scania’s Governance, Risk and Compliance function actively supports employees by providing policies, tools, trainings and advice.

As a signatory to the UN Global Compact, Scania adheres to its ten principles, including anti-corruption. It goes without saying that Scania has zero tolerance for corruption.

Scania is also guided by the Organisation for Economic Cooperation and Development (OECD) guidelines for multinational enterprises.

Assessing risks

The assessment of compliance risks within the area of business ethics is part of Scania’s risk assessment. Results of the risk assessments are discussed with the responsible local management who is responsible for implementing appropriate measures, if needed.

Scania also demands from its business partners that they act in accordance with high ethical principles. Accordingly, due diligence checks are carried out prior to engagement of third parties.

Payments to sales intermediaries must be accurately documented, with a written contract specifying services carried out and the corresponding compensation.

Monitoring

Group Internal Audit regularly reviews the knowledge and awareness of Scania’s ethics related policies and guidelines.

The standard audit process starts with assessing, planning, scoping and fieldwork and continues with reporting and follow-up. Auditors interview local management about how they approach and address business ethics issues. Based on the auditor’s report and in alignment with Governance, Risk and Compliance, local business units develop action plans to correct any deviations identified.

Whistleblowing

Everyone inside and outside of Scania has access to established channels for reporting suspicions of compliance infringements. One channel is to contact the Investigation Unit at Group Internal Audit: whistleblower@scania.com

Scania’s whistleblower system is committed to protecting the whistleblower and the individual affected. Scania does not tolerate retaliation of or pressure on whistleblowers. The individuals affected are presumed innocent until proven otherwise.