Compliance & Ethics

The management culture of Konecranes is based on our company values: trust in people, total service commitment and sustained profitability. Our goal is not just to comply with the laws, rules and regulations that apply to our business; we also strive to abide by high standards of business conduct.

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. The Code of Conduct is complemented by several Group-wide policies covering quality, safety, the environment, supplier requirements, anti-corruption, competition compliance and equal treatment and diversity. We have an executive-level Compliance & Ethics Committee to oversee the implementation and development of our compliance & ethics program managed by by the Compliance and Ethics Team.

 

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 has compliance protocols and guidelines in place to detect risks, with a zero-tolerance approach towards corrupt practices embedded in our monitoring and follow-up processes. Several actions and processes are set up to mitigate corruption and fraud risks including an internal Gift and Hospitality Portal as well as Conflict of Interest Portal.

 

We also promote our zero-tolerance approach to our business partners in our Supplier Manual and Supplier Code of Conduct. We use a risk-based Know-Your-Counterparty process whereby the level of scrutiny is determined by considering, for example, the risks associated with the business in question, country risks and business partner risks.

Please read more from our Sustainability Report. 

Whistleblowing channel

We promote a healthy corporate speak-up culture where people can feel safe reporting compliance and ethical concerns. We offer multiple ways to raise concerns, including an externally managed Whistleblowing Channel which enables also anonymous reporting when allowed by local laws. We have a clear policy of no retaliation and all reports made are reviewed and replied to confidentially. We also encourage our suppliers and other business partners to report on any compliance and ethics concerns relating to Konecranes. For commercial inquiries or complaints please find contact details from Contact Us | Konecranes.

 

Code of Conduct