Policies and commitments

Our operations and ways of working are guided by Konecranes´ Code of Conduct and the commitments we have made regarding economic, social and environmental responsibility. The same ethical standards also apply to our suppliers and are defined in our Supplier Code of Conduct. Our commitments demonstrate our values and principles of responsible business.

We are committed to

  • Providing eco-efficient solutions and services to our customers
  • Preventing and minimizing harmful discharges into the air, water and ground
  • Respecting and valuing our people by providing equal working opportunities
  • Increasing gender diversity
  • Developing a workplace that is free from discrimination and harassment
  • Working against corruption in all its forms, including extortion and bribery
  • Behaving safely always
  • Having zero tolerance towards unsafe acts and safety violations
  • Continually improving our safety culture and performance

 

Our Code of Conduct and Anti-Corruption policy

Konecranes’ Code of Conduct and Corporate Governance Framework guide the everyday activities of the company by clearly describing our internal standards and ethical values as well as our legal obligations. In 2018, we rolled out our updated Code of Conduct and Anti-Corruption policy, making them more comprehensive and specific than before. In conjunction with the launch of new policies, more than 5,500 employees have been trained on compliance and ethics during 2018.

Our Anti-Corruption policy and Code of Conduct demonstrate our commitment to work against corruption in all forms, including extortion and bribery. They define the level of ethical conduct we seek to uphold and support our long-term competitiveness in the global markets. Our Anti-Corruption policy is supported by compliance protocols and guidelines which have been put in place to detect risks regarding bribery and corruption. Our zero-tolerance approach towards corrupt practices is embedded in our monitoring and follow-up processes. Several actions and processes are in place to mitigate corruption and fraud risks.

As a result of the renewal of our Code of Conduct and Anti-Corruption policy we will also renew our Code of Conduct training, which will be rolled out in 2019. We also established an executive level Compliance & Ethics Committee to oversee the implementation and development of our Compliance and Ethics program, which is managed by the Head of Compliance & Ethics.
 

Whistleblowing channel

We aim to promote a healthy speak-up culture where people feel safe reporting compliance and ethical concerns without a fear of retaliation. To encourage our employees to address any issues, we offer multiple ways to raise concerns. Among these is a new Whistleblowing Channel implemented in 2018 to give our employees an additional means to raise concerns relating to compliance with laws and ethical conduct. This process is managed by the Head of Compliance & Ethics.

 

Other policies

The Code of Conduct is complemented by Group-wide policies, including those on Quality, Environment, Health and Safety; Respect in the Workplace, which focuses on equal opportunities, fair employment practices and anti-discrimination; our Diversity and Inclusion policy; as well as internal guidance related to anti-corruption, reporting ethical and compliance concerns, and sourcing and purchasing.

Konecranes is also a signatory of the UN Global Compact and is thereby committed to its principles with respect to human rights, labor, the environment and anti-corruption. Konecranes supports the Paris Agreement’s aim to strengthen the global response to the threat of climate change and limit the increase in global temperatures. We contribute to this effort by managing our climate impact and developing our products and services. Furthermore, we have signed voluntary agreements and set internal targets for energy efficiency and emissions.

 We also began implementing our new Supplier Code of Conduct that includes more specific requirements for our suppliers. We expect our joint venture partners, suppliers and subcontractors to conduct their businesses in compliance with the same business ethics and commitment to integrity as we do, applying our Supplier Code of Conduct or more stringent practices. We have established a risk based Know-Your-Counterparty process which identifies the risks of doing business with third parties by studying their ownership, activity and role. It includes anti-bribery, sanctions and other due diligence checks according to the level of risk identified.

More information: