Sustainability governance and compliance

Our policy on anti-bribery and anti-corruption gives a clear statement; At Sandvik, we do not tolerate Bribery or Corruption of any kind, including Bribery of Public Officials; business to business Bribery or Bribery of private individuals. We are committed to preventing and detecting Bribery and Corruption in our organisation.

The policy applies to all entities and employees within the Sandvik Group, and forms a comprehensive and practical approach to compliance in this complex risk area. In addition, we also expect the same high ethical standards from our business partners with regards to anti-bribery and corruption. Therefore, we have a procedure in place which requires us to conduct risk assessments and due diligence of new intermediaries taking also into account different levels of risks depending on the operations.

With our competition law compliance program, we aim to mitigate risks associated with competition or antitrust laws in all countries where Sandvik operates.

The program relies on frequent e-learning and in-person training for employees who may be exposed to competition law risks in their work. Training in this area is repeated and updated every three years. Specific trainings for higher risk employees is also available.

Comprehensive competition law guidelines are available for all employees who are also encouraged to seek advice from Sandvik Legal and Compliance Support teams should they have any doubts about the legality of a business activity.

Sandvik’s Trade Compliance program comprises the areas customs, sanctions and export controls. The program monitors trade regulations which form the basis for the Group Trade Compliance Policy and Procedure for the Sandvik group of companies. Further, the program provides training to the organization and oversees a group-wide network of trade compliance operatives and experts.

Compliance to the requirements in the program are monitored and ensured by the corporate internal audit program and the internal controls framework.

As being part of the global trading community we believe it’s important to foster a culture of collaboration and playing fair, contributing to responsible trade and to the development of appropriate trade measures in the world trading community.

The Sandvik Data Privacy program sets the basic principles and requirements for data privacy compliance within the Sandvik Group. The General Data Protection Regulation (GDPR) principles serve as the guiding light and baseline of protection for our world-wide employees, consultants, and external stakeholders. We have a global network of data privacy professionals to also ensure that we are complying with data privacy laws wherever we operate.

Go to the Privacy statement