SustainCase: How ANDRITZ strives to operate according to high ethical standards, fighting corruption

Case study: How ANDRITZ strives to operate according to high ethical standards, fighting corruption


As a leading global supplier of equipment, process technologies and services in a range of sectors, including hydropower plants, the pulp and paper industry, the metalworking and steel industries, and the solid/liquid separation sector, fighting corruption and ensuring high ethical standards are adopted in all its activities is a key priority for ANDRITZ.


Abstract


Operating more than 250 sites across the globe, ANDRITZ strives to apply high ethical standards in all its operations and comply with all relevant legislation, internal and external regulations, directives and standards. In order to operate according to high ethical standards, fighting corruption, ANDRITZ took action to:

• define rules of conduct for employees through the Code of Business Conduct and Ethics

• provide a training course on insider trading

• apply an Antitrust and Anti-bribery Policy

• follow a strict procedure for reporting violations of the Code of Business Conduct and Ethics


Using the GRI Standards in order to maintain and increase the value of your company


With each publication in this series the FBRH team will highlight one key impact identified by a company reporting in accordance with the GRI Standards and show how it has taken a structured, systematic approach to improving performance. With such positive action companies build trust, by dealing responsibly and conscientiously with their impact on the environment and on their stakeholders (e.g. clients, suppliers, shareholders, local communities, NGOs or local government). Stakeholders that can hold it back or stop it from reaching its objectives


By building trust your company creates loyalty and long-term commitment to its services and brands


New foreword by the Editor:

Why the GRI Sustainability Reporting Standards are not a box ticking exercise and how 80% of the world's 250 largest companies are using the GRI Standards to gain competitive advantage