To remain a trusted and successful company, Skanska is determined to become recognized as a role model in ethics, including Acting Ethically and Transparently as a part of our purpose and values.
Policies and strategies
A part of Skanska's values is Acting Ethically and Transparently as explained above. In addition, Skanska has a Code of Conduct.
- In 2002, Skanska's first Code of Conduct was published.
- In 2008, a revised Code of Conduct was approved by the Board of Directors of Skanska AB.
- During 2009 Skanska's Code of Conduct program was upgraded throughout the Skanska Group.
Skanska's Code of Conduct is also available as a web application, please visit www.skanska.com/codeofconduct.
Skanska has been a signatory to UN Global Compact since 2000 and was one of the founders in 2004 of World Economic Forum Partnering Against Corruption Initiative (PACI).
Skanska was the founding member of the Swedish branch of Transparency International (TI) when it was established in Sweden in 2004. TI is a global civil society organisation leading the fight against corruption around the world. Skanska is today a member of TI Sweden's corporate supporters forum.
Challenges and opportunities
Skanska's construction and development businesses have a large impact on individuals and society in general. This represents an opportunity to take the lead in business ethics as well as a responsibility to make the right decision, every day, by every one of our employees. Therefore it is important that all employees understand and live by the ethical values expressed in the Skanska Code of Conduct.
It is a challenge to continuously train and discuss business ethics with all employees. However, this is a challenge that Skanska is determined to master.
To develop an ethical culture and compliance, and to monitor the progress and the status in Ethics, Skanska has a Code of Conduct program. It is based on, among other things, training of employees in ethics, providing means for employees and other persons involved with Skanska to report legitimate concerns and grievances, and other tools to develop an ethical culture.
How to report a concern
Skanska encourages employees as well as other stakeholders to report suspected or known misconduct to management or Ethics Committees.
Should the reporter not feel comfortable with this and the breach is serious, an independent Code of Conduct Hotline is available. The Hotline, managed by the Group Ethics Committee, is an anonymous reporting tool.