Coor operates on the basis of clear principles of business ethics and strives to prevent and minimise the risks of corruption and unethical behaviour both in our own organisation and in our supply chain.
Coor’s corporate culture is based on shared values that guide us in our work. We have summarised our business ethics principles in our Code of Conduct, which covers the entire Group and which all employees are trained in before and during their employment at Coor. The Code addresses issues such as the prevention of corruption, conflicts of interest and discrimination. Coor also has a Group-wide Anti-Corruption Policy, which describes what employees may and may not do in different situations.
For Coor, it is of the utmost importance that our employees, customers and suppliers and others who contact us feel confident that their personal and other data are handled correctly. Coor therefore has Group-wide policies for information security, IT security and GDPR.
We have comprehensive and structured processes for information security and implement several types of controls to ensure that information is handled securely.
To ensure responsible procurement, we have a Group-wide Procurement Policy and Supplier Code of Conduct. The Code describes Coor’s basic ethical principles and the minimum standards our suppliers are required to adhere to, even when these exceed the requirements of local laws. For example, suppliers are required to comply with the UN Declaration of Human Rights and the principles of the UN Global Compact, and to share our zero-tolerance approach to child labour and bribery. We monitor our suppliers’ compliance with the Code through audits.
