At Skanska we are always working toward a corruption-free society.
We engage with organizations who are working to eliminate corruption and its effects on society from the business world. We have been a signatory to the United Nations Global Compact since 2000. In 2004, we were one of the founders of the World Economic Forum Partnering Against Corruption Initiative. Skanska is a member of Transparency International and follows their guidelines. We also, as a company head-quartered in Stockholm, follow the Code of Gifts, Rewards and other benefits in Business, of the Swedish Anti-Corruption Institute.
Anti-Corruption is an important part of our Code of Conduct and our Supplier Code of Conduct as well as our Code of Conduct e-learning which 100% of our employees have participated in.
We have a strong Anti-Corruption Policy which emphasizes the importance of Anti-Corruption and supports our employees in how to do business in a transparent way to avoid even the perception of a connection to corrupt practices. Brand new training in this Policy will be rolled out across the organization in the second half of 2019.
In practical terms an ethics risk assessment with a large focus in identifying corruption red flags is carried out every other year in all Business Units. Where risks exist, mitigating measures are put in place. In the intervening years an assurance review to assess that the mitigating measures are working effectively is carried out.