In all the countries where VBG Group conducts operations, we will adhere to current laws and ordinances. If a situation should arise where we cannot find guidance from the law, we will follow our Group-wide standards and principles.
VBG Group must have an honest approach in relation to its business partners and other stakeholders. Employees in VBG Group may not take payments, gifts, or other forms of remuneration from third parties that could affect their objectivity in business decisions. In 2017, the Board of Directors of VBG Group, the Group’s company management teams, Accounting, HR, Sales and Marketing, Purchasing and other employees with contacts among customers and suppliers underwent anti-corruption training.
Our goal is that 100% of selected employees within the Group will undergo annual anti-corruption training. The outcome for 2017 was 99%.
Respect for human rights is not only a social issue, but also important from the perspective of business ethics. Our zero tolerance approach to discrimination and all forms of slavery, forced labour or child labour is becoming increasingly relevant in pace with the Group expanding globally. Especially in connection with establishment in developing countries, we must make a positive contribution to social improvement and create opportunities for the local population by placing the same stringent requirements on our suppliers and collaborating partners as we do on ourselves. Our accounting and financial reporting must be carried out correctly, in accordance with generally accepted accounting practices. This includes always providing information that is accessible, truthful, relevant, comprehensible and current.
Employees and members of the Board of Directors of VBG Group must handle their private (and other external) activities and economic interests in a way that does not result in a conflict of interest arising in relation to the Group. VBG Group is also politically neutral, and therefore does not permit names or assets belonging to the Group and its companies being used to promote the interests of political parties or candidates.