Oras Group Code of Conduct

Oras Group Code of Conduct

This code of conduct is the foundation of Oras Group’s role as a company, work community and corporate citizen. The code of conduct is based on our company values, which form the basis for our common company culture. The company values guide all our decisions, big and small, and help us prioritize matters. The values apply to all of us in every position. We are all expected to act according to the company values and avoid any behaviour that contradicts them. Everyone working at Oras Group complies with to these principles, together with others and as individuals.

In addition to the code of conduct, we comply with applicable national and international laws, regulations and behave in an ethically acceptable manner.

We have more specific Oras Group Guidelines for the practical application of these principles.

This Code of Conduct has been approved by the Board of Directors.

 

1. All our stakeholders can trust us to always act honestly and reliably. 

Our business is based on integrity. Through our actions, we show our customers and partners that we are worth their trust. We aim at sustainable success, in terms of time and responsibility, and make decisions in line with this aim.

How is this visible in practice?

  • We keep our promises.
  • Cooperation and business with us is based on honest interaction.
  • We know our customers and partners and build sustainable, lasting partnerships.
  • We are brave enough to take action when we see a need for intervention.

 

2. We base our decisions and operations on a straightforward and goal-oriented co-operation. 

We respect one another and our partners. We adhere to the applicable legislation concerning our stakeholders in all our operations. Each one of us bears their responsibility for the atmosphere at work and its improvement.

How is this visible in practice?

  • Our decisions are based on the best possible information available.
  • We actively prevent discrimination and bullying.
  • We do not accept nor do we offer any bribes.
  • We only offer and accept gifts and hospitality of reasonable value.
  • We honour human rights and require the same from our partners. 
  • We neither mix personal matters with business nor seek financial benefit at the expense of the company.
  • We promote free competition.

 

3. We achieve results by doing the right things right.

In all our operations we aim to maintain high quality. We consider all areas of accountability: we act efficiently, safely, minimizing negative environmental impact and recognising our societal impact. We aim at comprehensive, long-term effectiveness and value creation. We are a work community where everyone can experience the joy of succeeding and developing.

How is this visible in practice?

  • The high quality of our products is based on our competencies and our uncompromising mindset.
  • We never sacrifice safety for the good of productivity.
  • We always set common goals of the Group before our personal ones.
  • We are committed to acting, managing and developing our operations according to environmental standard.
  • We continuously assess the quality of our actions, as well as the added value they generate and their need for development.
  • Everyone has the right and the responsibility to develop in their work and participate in joint development.
  • We understand that productivity requires balance between work and personal life.

 

4. All our operations are transparent.

This is the only way to ensure all decisions have been made lawfully, responsibly and according to our guidelines. We always aim at having an open, appreciative dialogue both internally and with our external stakeholders. We protect the company’s material and immaterial assets. We manage the confidential information in our possession according to the law and Oras Group guidelines. Each of us has a vital role in building Oras Group’s reputation. 

  • We manage relations to customers and other partners in a transparent manner.
  • We only report correct information.
  • We do not allow the structures of the organisation to prevent us from sharing information to all relevant parties and joint development.
  • We handle confidential information and personal data responsibly and according to guidelines.
  • We do not disclose, share or accept information that could compromise free competition.
  • We are an active part of the society in the communities where we operate.
  • As a company we do not participate in political or religious activities.
  • We do not abuse the company’s assets for the benefit of ourselves or any other persons.

 

Follow-up and reporting

Knowing the right thing to do is not always easy. When in doubt, we need to look at the matter through our values. When we hesitate, we address the issues openly together. In such cases, one’s manager is the primary support.

Actions against laws, these ethical principles or any other Oras Group rules may lead to disciplinary actions. Possible sanctions may vary from a reprimand to terminating employment and penalties as stated by the law.

It is everyone’s duty to adhere to our code of conduct and to report any non-conformance to one’s supervisor to or the local HR. A justifiable doubt made in good faith is sufficient. Reporting will not lead to repercussions to the individual.