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Business Ethics

Challenges and opportunities

Challenges and opportunities

With more than 52,000 employees and 10,000 projects annually, Skanska's construction and development businesses have a large impact on individuals and society in general. This represents an opportunity to take the lead in business ethics as well as a responsibility to make the right decision, every day, by every one of our employees. Therefore it is important that all employees understand and live by the ethical values expressed in the Skanska Code of Conduct.

It is a challenge to continuously train and discuss business ethics with all employees. However, this is a challenge that Skanska is determined to master.

Policies and strategies

Skanska's vision is to have Zero ethical breaches.

Skanska has been a signatory to UN Global Compact since 2001 and was one of the founders in 2004 of World Economic Forum Partnering Against Corruption Initiative (PACI).

In 2002 Skanska's first Code of Conduct was published. In 2008 a revised Code of Conduct was approved by the Board of Directors of Skanska AB. During 2009 Skanska’s Code of Conduct program was upgraded throughout the Skanska Group. Internal policies such as Code of Conduct Compliance Guideline, Competition Law Compliance Guidelines, Corporate Community Involvement Policy and Hospitality and Gift Policies have all been revised and cover a variety of fields related to business ethics.

Skanska is a founding member of the Swedish branch of Transparency International (TI). Based in Germany, TI is a civil society organisation leading the fight against corruption around the world.

Implementation, Processes and Measurements

Every employee shall undergo Skanska Code of Conduct training including ethical business dilemmas not less than every two years. In addition, in all markets where Skanska operates, an Ethics Committee is established to provide guidance to employees on ethical queries. Business ethics is also part of the financial reward system for Skanska managers.

Skanska encourages employees as well as other stakeholders to inform management or Ethics Committees about breaches to the Skanska Code of Conduct. Should the reporter not feel comfortable with this and the breach concerns a serious breach to the Skanska Code of Conduct an independent Code of Conduct Hotline is available.

Each Skanska Business Unit tracks the numbers of employees trained/re-trained and report measurements twice a year to the Skanska AB Ethics Committee. The employees’ view on development and understanding in general of the Skanska Code of Conduct is measured through a yearly survey for all employees. This input is used to review and improve the Skanska Code of Conduct program not less than every two years.

Skanska also supports the pilot project Construction Sector Transparency Initiative (CoST) which aims to become a global initiative.

View case study from Ethical Performance magazine

Contact

If you want to contact us in any ethical cases, please use this contacts: