Code of Conduct
Introduction by the President and CEO
Good ethics and business acumen coupled with loyalty and trust are important fundamental concepts for Bulten. We want these qualities to characterize Bulten’s corporate culture and the way we treat personnel, shareholders, customers, suppliers and other stakeholders. Our words and deeds have a high impact on the confidence people have in Bulten.
On its own initiative, Bulten has chosen to support the Ten Principles on respect for human rights, working conditions, environmental responsibility and anti-corruption embodied in the United Nations Global Compact.
President and CEO
The scope of the Code and the individual’s responsibility
This Code of Conduct has been adopted with the aim of expressing the fundamental principles that form the basis for Bulten’s relations with personnel, shareholders and other stakeholders. All personnel shall be aware of and follow the Code of Conduct. The Code, along with our various Group policies, forms the basis for how we work within the Group.
Bulten also urges its suppliers, consultants and other business partners to apply the principles.
All employees and members of the board of directors of Bulten have an individual responsibility to report conflicts of interest, and breaches or infringements of this Code of Conduct. Any reports should be made to the immediate manager or his/her superior in accordance with Bulten’s internal communication and reporting channels. Bulten will not accept any discrimination or reprisal against employees who report a suspected infringement in good faith.
Our business principles
Business acumen is a key concept for Bulten’s operation. For us business acumen entails, for example, that we take responsibility for our operation, are receptive to our stakeholders’ needs and that we actively take a stand, and evaluate and analyze ourselves, the operation and our business partners.
Bulten or its personnel shall not offer or receive from business partners or other stakeholders any payment or other benefit that infringes upon prevailing legislation or good practice. It is the duty of each employee to act in such a way that trust cannot be put into question.
In our operation we shall always comply with the prevailing legislation, rules and regulations in each country where we operate. In the event that this Code of Conduct contravenes compulsory legislation, regulations or other rules, they shall take precedence over this Code of Conduct. If there is no regulation, the principles in this Code of Conduct shall serve as guidance.
Communication and financial reporting
It is essential that Bulten is characterized by an open, helpful attitude to all its stakeholders. Objectivity, professionalism and service shall distinguish the way we treat Bulten’s stakeholders. Disclosure of information shall be in accordance with the applicable legislation, rules and regulations, and the Group’s communication shall be long-term and shall comply with the company’s vision, business concept, strategies, goals and values.
Bulten’s reporting shall provide a true and fair idea of the situation, and financial information shall be reported in a correct and complete manner. The Group shall have appropriate internal control functions and processes for ensuring compliance with applicable legislation, regulations and other rules.
Handling conflicts of interest
A fundamental principle for Bulten is that in the event of a conflict of interest in relation to an employee, a related party, an existing or a potential business partner or any other stakeholder, it should primarily be resolved through a mutual agreement based on the principles of good ethics, business acumen, loyalty and trust.
Personnel and members of the board of directors may not have assignments outside of the Group that conflict with or could potentially conflict with the Group’s interests.
Bulten works in a goal-oriented way to develop the Group’s processes in a sustainable direction. Active environmental work reflects the corporate social responsibility the Group has for ensuring its own production is conducted with the lowest environmental impact that is practically feasible and financially viable. Moreover, personnel shall be well aware that they are an important element in preventive efforts and in the day-to-day environmental work.
Bulten shall always follow prevailing environmental legislation and take into account its stakeholders’ environmental requirements.
Good working conditions and human rights
Each employee of Bulten is expected to actively help create a safe, secure, efficient and quality-conscious workplace characterized by a pleasant, open working climate.
Employees of Bulten shall have equal rights, obligations and opportunities in terms of employment and working conditions, training, education and development regardless of gender, social or ethnic origin, religion, age, disability, sexual orientation, nationality, political views or trade union affiliation. The Group remains neutral in issues regarding political parties and candidates. Neither the company name nor the Group’s assets may be used to promote political parties or candidates.
Bulten disassociates itself from child labor and work carried out under duress or threat of violence, and supports and respects the protection of internationally asserted human rights.
Bulten strives to be an attractive workplace with a good working climate and work environment, where commitment and participation lay the foundation for developing the Group and all its personnel.