Sustainability Topic: Anti-Corruption

205–1 Operations assessed for risks related to corruption

Boliden’s Code of Conduct and Business Partner Code of Conduct set out appropriate measures to prevent corrupt behavior and improper influencing. Corruption, bribery, gifts and benefits and conflicts of interest are, furthermore, addressed in Boliden’s anti-corruption policy and guidelines. The documents are based on Group-wide risk assessments in order to ensure their appropriateness for the business operations in question, particularly within local procurement, and to address and mitigate any risk factors. Efforts to combat bribery and corruption are an important part of Boliden’s sustainability work and Boliden applies a zero tolerance policy in this respect. No form of bribery or corruption is acceptable, and conflicts of interest shall be reported and addressed. 

205–2 Communication and training in anti-corruption policies and procedures

Boliden’s line managers are responsible for making the Code of Conduct and the Anti-Corruption policy and guidelines known to all new employees, and for promoting and monitoring compliance within their respective organizations and by their respective counterparties. All managers and other employees whose work involves more regular contacts with external business partners, in particular with competitors, suppliers, customers, or agents, are subject to anti-bribery and anti-corruption training appropriate for their area of responsibility.

Boliden has conducted several online courses in cooperation with external providers. The anti-bribery and anti-corruption training program is spread over three years. The courses target a selected group of employees, normally those dealing with or having contact with potential competitors. The e-learning was given to 2063 white collar workers. Boliden works with different focus areas, and in 2019 we prioritized sanctions and an extensive training program was carried out. Awareness training was given to the top 100 managers, held by both internal and external specialists. Several targeted training courses were given to specific risk groups and functions such as the legal, purchasing and sales departments and administrators.

205–3 Confirmed incidents of corruption and actions taken

Boliden is committed to the highest standards of ethical business conduct. Actual or suspected incidents of bribery or corruption can be reported anonymously or openly via Bolidens whistleblower reporting system.

There were no confirmed cases of corruption during 2019.