Heimstaden Bostad is committed to maintaining the highest standards of integrity, transparency, and ethical business conduct. The anti-corruption initiatives are designed to ensure that every aspect of our business operates with honesty and accountability, fostering strong governance.
With the values Dare, Care, and Share integrated throughout the company, Heimstaden Bostad conduct business in a lawful and ethical way - externally and internally. We always act fairly, meet people with respect, and d have zero tolerance against all forms of criminality, corruption, fraud, bribery, money laundering, conflict of interest, privacy violation, anti-competitive actions, insider trading, human rights violation, bad working environment, harassment, and retaliation. By promoting a culture of integrity, we not only protect our organisation's reputation but also contribute to the overall development of the countries and communities in which we operate.
Key Elements of the Anti-Corruption Programme:
Tone from the top: Leadership at all levels must exemplify ethical business conduct towards employees, customers, suppliers, and third parties. Heimstaden Bostad's ethical standards should be clearly communicated and rigorously followed.
Strong corporate governance and compliance framework: The Code of Conduct outlines the ethical principles and standards expected in all our business transactions. It is a guide for decision-making, emphasizing the importance of honesty, fairness, and respect in all business dealings.
Anti-Corruption Policy and Manual: The company has implemented an Anti-Corruption Policy and Manual in compliance with applicable laws and regulations. This framework contributes to predictability, building investor trust, and confidence in the capital market.
Business Partners and other third parties: Screenings of our business partners, suppliers, and other third parties are conducted to ensure they share our commitment to ethical business conduct. All our business partners must sign our Business Partner Principles and agree to conducting their business according to ethical standards.
Whistleblower Mechanism: We have zero tolerance for wrong-doings, and procedures to ensure that all irregularities that might damage the company, our employees, customers, suppliers, or other stakeholders should be investigated as soon as possible. Our Whistleblowing solution enables anonymous reporting about irregularities that are in breach of applicable legislation and our Code of Conduct.
Compliance and Monitoring: Governance, Risk, and Compliance (GRC) monitors the effectiveness of our anti-corruption programme regularly and updates are done periodically. If you have concerns or questions related to anti-corruption, use this email: compliance@heimstaden.com.
Training and Awareness: Anti-Bribery and -Corruption training is mandatory and repeated every 18 months to all employees. This is supplemented with guidelines and shorter trainings related to Conflict of Interest, Whistleblowing etc. It is important to raise awareness on Anti-Corruption to enhance a compliance culture in the company.
By integrating these measures into our day-to-day operations, we strive to create a work environment with focus on ethical business conduct. We are committed to fostering transparency, building trust, and upholding the highest standards, for us this is a key enabler for ethical business conduct and strong governance and a prerequisite for future growth.