Living by the highest ethical standards is key to us and forms part of the foundation of our responsible business approach. We adhere to accepted international laws and practices as set out by the UN Global Compact and the UN Guiding Principles on Business and Human Rights. Emphasis is therefore placed on communicating and monitoring adherence to Epiroc’s values and Code of Conduct throughout the value chain: a chain that extends from responsible sourcing to a responsible sales process, including due diligence processes to assess, prevent and mitigate potential negative effects.
Being a trustworthy company also encompasses to take a clear stance against corruption. This is embedded in Epiroc’s Code of Conduct and also applies to the Group’s business partners – suppliers, subcontractors, agents and distributors, who are expected to act with the same level of integrity as Epiroc and confirm compliance with Epiroc’s Code of Conduct.
The Epiroc Business Partner Criteria constitute the central policy based on the Code and provide an explanation of our basic expectations summarized in ten criteria. All our significant suppliers, agents, resellers and distributors, must sign their commitment to this document, and we will monitor and follow up on their compliance through surveys and audits.
Epiroc is a global company with a presence in many countries and through compliance with the arm’s length principle, we aim to pay the fair amount of tax in each country.