Sanoma Code of Conduct outlines our business practices
In its business, Sanoma follows laws and regulations applicable in its operating countries, ethical guidelines set by its Code of Conduct as well as the Group’s internal policies and standards. The Sanoma Code of Conduct outlines the shared ethical standards for our employees and our business partners. The Code acts as an umbrella for all policies and standards within Sanoma. The Sanoma Code of Conduct encompasses the Ten Principles of the UN Global Compact on human rights, labour, environment and anti-corruption.
Our employees are required to apply the Code in full in their day-to-day conduct and business decisions. We provide training and e-learning and use different control mechanisms to ensure compliance with the Code and our policies. The Code of Conduct and the mandatory e-learning are both available in English, Finnish, Dutch, French, Polish and Swedish. Sanoma expects commitment to ethical and responsible business conduct also from its suppliers, who are required to comply with the Sanoma Supplier Code of Conduct in their dealings with Sanoma.
Policies guide our daily business
In addition to the Sanoma Code of Conduct and our Corporate Governance Framework, policies on following topics are currently in force:
- Anti-bribery & corruption policy (internal)
- Disclosure policy (internal)
- Diversity & inclusion policy
- Donations policy (internal)
- Enterprise risk management policy (internal)
- External travel policy (internal)
- Fair competition policy (internal)
- Information security policy (internal)
Insider policy (internal)
- Internal audit policy (internal)
- Internal control policy (internal)
- IPR policy (internal)
- M&A policy (internal)
- Privacy and data protection policy (internal)
- Procurement policy (internal)
- Related party policy (internal)
- Tax policy (internal)
- Travel policy (internal)
- Treasure policy (internal)
We actively develop our policies
The Board of Directors of Sanoma approves new policies and amendments to existing policies. Each policy has a specified owner in the organisation. Once a year, or more frequently if needed, the policy owners submit necessary updates or new policies to the Board for approval. The policies are applicable to all employees in the Sanoma Group.
We train our people in ethics
Our employees are required to apply the Code of Conduct and all policies in full in their day-to-day conduct and business decisions. To ensure compliance, our people are trained through a compulsory Code of Conduct e-learning and different policy e-learnings. In the newly acquired companies, the e-learnings take place within 3–6 months after the acquisition is completed.
Sanoma e-learning rates in 2020
Percentage of employees participating the e-learning:
|Code of Conduct||94||95|
|Anti-Bribery & Corruption policy||93||94|
We require our suppliers to commit to responsible business practices
We expect our suppliers to commit to similar ethical and responsible business conduct as our employees. The Sanoma Supplier Code of Conduct sets out the ethical standards and responsible business principles suppliers are required to comply with. Suppliers are expected to apply these standards and principles also to their employees, affiliates and sub-contractors.