Social and governance

Cooperating with responsible business partners

Our vision is to be First in Mind—First in Choice for our customers, suppliers and other business partners and stakeholders. We achieve this by living our values, being ethical in our business practices, and by working with partners who share similar values and standards.

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Upholding high ethical standards

We are committed to upholding high standards of ethics in all our business interactions, and we require the same from our business partners. This includes suppliers, subcontractors, joint venture partners, agents, resellers, and distributors. All our business partners are expected to follow our Code of Conduct. We screen and audit them to ensure they meet our standards regarding quality, business ethics, human rights, environment performance, and resource efficiency. This is central to managing risks and enhancing sustainability throughout our value chain. All significant business partners must sign our Business Partner Criteria.

Business Partner Criteria

Our Business Partner Criteria reflect the key principles of our Code of Conduct. By signing this document, business partners commit to our values and that they understand that non-compliance can lead to termination of the partnership and regular audits to verify compliance. The criteria include the following areas:

  1. Taking environmental responsibility and climate action
  2. Complying with Atlas Copco Group prohibited and declarable lists
  3. Supporting and respecting human rights
  4. No modern slavery or forced labor
  5. No child labor
  6. Eliminating discrimination
  7. Ensuring a safe and healthy working environment
  8. Fair wages and decent working time
  9. Freedom of association and the right to collective bargaining
  10. Intellectual property
  11. No corruption
  12. No anti-competitive behavior
  13. Complying with trade compliance obligations
  14. Data protection and privacy

 

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Code of Conduct

Our Code of Conduct fosters ethical business practices and is the core of everything we do. It applies globally, with mandatory training and compliance for employees and business partners. Any suspected breach of the Code can be reported through our external system SpeakUp.
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Human rights

We are committed to upholding high standards of business ethics and human rights throughout our value chain. This includes due diligence and compliance with international frameworks and ensuring that our business partners adhere to our Code of Conduct.
Collegues from different ethnical backgrounds cooperating in the office.

Report a concern

We encourage all stakeholders to report any suspected wrongdoing through SpeakUp, our external whistleblowing system. SpeakUp allows for anonymous reporting of behavior or actions that may violate laws, regulations, or our Code of Conduct.
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