Business ethics

Vestum's work is characterized by honesty and openness, but also high integrity and in accordance with all regulations. This is crucial to maintaining the trust of customers, employees and the public.

Healthy competition and reliability are crucial for Vestum's subsidiaries to maintain long term relationships with their customers. Taking unfair or illegal measures restricting competition, having contact with unethical business partners and acting contrary to the interests of the assignment or the company damages the reputation and constitutes a business risk. This also applies to suspicions of corruption which may arise in the relationship with customers as well as with suppliers and subcontractors.

Vestum has zero tolerance for bribery, and fully respects customers' requests to completely refrain from gifts, lunches and dinners. In cases where representation occurs, such as lunches and more, there must be no doubt about its commercial legitimacy. The acquisition model with a mutual focus on values ​​and co-ownership in Vestum strengthens the group-wide interest in business ethics. Our positions regarding, among other things, ethics and anti-corruption are set out in the code of conduct and apply to the entire group. An insider policy specifies the handling of information affecting the share price. Vestum's whistleblower system gives both employees and outsiders the opportunity to anonymously report concerns about deviations from Vestum's ethical principles and other irregularities that could harm individuals, Vestum, society or the environment via an encrypted communication channel. The reporter does not need to have proof of his och her suspicion, but all reports must be made in good faith. The reports are investigated and then appropriate measures are taken.

In 2021, a conflict of interest was investigated within one of the subsidiaries, otherwise no incidents of corruption or significant rule violations were identified.

Evaluating suppliers

Together, our subsidiaries have many suppliers. The starting point is that the same demands placed on Vestum are also placed on suppliers and subcontractors so that business ethics are maintained and products and services purchased are produced under environmentally and socially responsible conditions. To ensure sustainable deliveries, many subsidiaries sign guarantee agreements with central subcontractors in connection with major projects and tenders.

Data Integrity

It is fundamental that confidentiality and integrity are always maintained when handling customer and personal data. Vestum guarantees correct, legal and fair handling, such as compliance with the GDPR. Against the background of the increased data breaches at authorities and large companies, work is being done to support the subsidiaries in this matter.