Anti-corruption program

ASSA ABLOY does not tolerate, and works actively to prevent, corruption in its business. To further emphasize this the Group has implemented specific compliance programs within the areas of anti-corruption, antitrust and export control, which supplement and expand on the Code of Conduct in respect of these areas.

Risk assessments, employee training, third-party compliance and reporting are essential components of the anti-corruption compliance program. Implementation of the program is an ongoing process; the Group provides supporting tools, while each division is responsible for the implementation.

Prioritized areas 2015

The work to implement an adequate third-party due diligence process within each division, is ongoing. The process is used to evaluate whether or not to engage a third party to make sales on ASSA ABLOY's behalf , based on an adequate assessment and screening.  

The focus of such a process is to identify and prioritize our efforts toward instances where the corruption risk exposure is perceived to be high. In 2015, a review of selected arrangements within certain business operations was conducted to evaluate exisiting processes and to identify improvement areas to further define and develop the third-party due dilligence process and procedures adjusted to the business and risk. This work will continue in 2016.


Anti-corruption compliance program

The anti-corruption compliance program adheres to the strictest international standards with the objective of preventing, detecting and responding to potential corruption. The implementation of the program is reviewed through the Group’s established process for internal control, including self-assessment in all operating companies and internal audit.

The anti-corruption policy is available in a number of languages, which can be found on ASSA ABLOY’s intranet. The English version of the anti-corruption policy is available from the right-hand column where you also find a summary of the anti-corruption policy under the heading Key messages.