We work with responsible suppliers
Sanoma is committed to ethical and responsible conduct across its business and expects the same commitment from its suppliers. Ensuring a sustainable supply chain begins from selecting the suppliers. Our Know Your Counterparty (KYC) process identifies the risks of doing business with third parties by looking at their ownership, activities and role. Systematic KYC checks covering chosen existing and almost all new vendors are carried out by Group Procurement. The KYC due diligence tool, Navex, is also available for Sanoma employees internally to screen thoroughly not just suppliers, but any third party Sanoma intends to partner or do business with. The tool identifies possible third party non-compliance and includes human rights, anti-bribery, corruption, sanctions and due diligence checks. In cases of medium or high risk, the tool refers employees to consult Group Legal.
We require our suppliers commit to responsible business practices
Sanoma Supplier Code of Conduct sets out the ethical standards and responsible business principles, which our suppliers are required to comply with and expected to also apply to their employees, affiliates and sub-contractors. All new suppliers go through Sanoma’s source-to-contract solution, which incorporates the Supplier Code as a mandatory step for successful selection. The Supplier Code is an integral component of the standard contractual procurement and purchasing framework, including supplier selection, evaluation and performance appraisal. In addition to the Supplier Code, we require all suppliers to comply with the Sanoma General Procurement Terms and Conditions and the Data protection and Information Security requirements. The Supplier Code of Conduct is available in English, Finnish, Dutch, Polish and Swedish.
We have zero tolerance for misconduct
The Sanoma-WhistleB reporting hotline enables Sanoma group employees, customers and business partners to report suspicions of misconduct confidentially and anonymously. Violations of the Code of Conduct, Supplier Code of Conduct or any related policy or law, are encouraged to be reported through Sanoma’s externally hosted, independent whistle-blowing hotline. Through this early warning system we foster high business ethics, maintain customer and public trust, and reduce risks for misconduct.