General Commitment
WeEn’s values are built on its brand pillars. We are committed to support the growth and ambitions of our people and customers, and we have a passion to deliver excellence in everything we do, our work, financial performance and customer service.
WeEn wishes to be a responsible partner in society, acting with integrity towards its shareholders, customers, employees, suppliers and business partners, competitors, governments and their agencies, and others who can be affected by its activities. WeEn duly observes the applicable rules of the law of the countries in which it operates and regularly reviews its interests and those of affected persons or entities in order to ensure a healthy, long-term relationship with them. WeEn endeavors to adapt to local situations in order to take the most appropriate approach to possible problems within the bounds of applicable law and responsible conduct. In this respect WeEn supports the principle of dialogue and cooperation with all parties involved.
Free market competition
WeEn supports the principle of free market competition laws and regulations.
Product Safety
WeEn aims at all times, to supply safe products and services.
Privacy
The privacy of personally identifiable information about customers, employees, business partners and other individuals will be protected.
Commitment Towards Customers
WeEn is driven to improve people’s lives. Its goal is to constantly delight each customer with breakthroughs both large and small. To this end, the company seeks to maintain an ongoing dialogue with its customers. WeEn is committed to listen to and learn from them, so that it is able to design and deliver the solutions they really want and need. WeEn will always deal with its customers in fair and forthright manner, maintaining the highest levels of integrity.
Commitment Towards Shareholders
It is of central importance to WeEn to conduct its operations in accordance with the highest standards of internationally accepted principles of good corporate governance. WeEn attaches great value to its relations with its shareholders and the financial markets and provides timely, regular and reliable information on its activities, structure, financial position and performance.
Commitment Towards Employees
WeEn values its employees as a key resource. An atmosphere of good employee communication, involvement and responsibility is of central importance, and an employee’s personal development and optimum use of talents is encouraged.
Commitment Towards Suppliers and Business Partners
WeEn pursues mutually beneficial relationships with its suppliers and business partners. It seeks to award business to suppliers and business partners who are committed to act fairly and with integrity towards their stakeholders and who observe the applicable laws of the countries in which they operate.
Assets and Information
Use and protection of assets
Each employee is responsible for the proper use, protection and conservation of WeEn’s assets and resources as well as confidential information disclosed to WeEn by its business partners. WeEn’s assets and resources, as well as any opportunities arising by virtue of one’s position, are to be used solely to pursue and achieve WeEn’s goals not for personal benefit.
Improper Disclosure
WeEn regards information for the purpose of its business as a corporate asset that must be protected against loss, infringement and improper use and disclosure. WeEn is committed not to make use of information disclosed to it by a third party if it is suspected that the disclosure thereby violates an obligation of confidentiality, unless the information:
a) is generally available to the public other than as a result of disclosure by WeEn;
b) has been developed independently by WeEn; or
c) becomes available to WeEn either on a non-confidential basis from a third party who is not bound by any confidentiality obligations or by operation of law.
Insider Trading
All employees have to comply with statutory rules and regulations concerning insider trading with respect to securities of WeEn and other companies.
Business Integrity
Bribery, Records of Transactions
WeEn insists on honesty, integrity and fairness in all aspects of its business. Bribes in any form are unacceptable; commission payments and personal gifts or favors may only be made or accepted in strict accordance with the BCC Directives. WeEn strives to comply with the highest levels of transparency and accountability throughout the company. Records of transactions should be maintained in an accurate, complete and timely manner in accordance with WeEn accounting principles. No unrecorded funds or assets should be established or maintained.
Third-party Interests
Employees are not allowed to have any direct or indirect financial interest in a supplier or competing company with the exception of a financial interest in a publicly traded company.
Political Payments
WeEn companies shall not make payments or donations, in money or in kind, to political parties, political organizations or individual politicians, unless such payments are made in strict accordance with the BCC Directives.
Observance of the Business Code of Conduct
Sanctions
All WeEn employees must comply with the Business Code of Conduct. Violation may lead to disciplinary action, including dismissal, notwithstanding any further civil or criminal action that may be taken.
Whistleblower Policy
In order to promote the reporting of violations of the Business Code of Conduct, a whistleblower policy is in place, enabling employees to submit complaints on an anonymous basis without fear of the complaints leading to disciplinary action.
Compliance
Compliance with the Business Code of Conduct is monitored via a worldwide network of regional and country compliance offices. Reporting on compliance with the Business Code of Conduct is also an integral part of the Statement on Business Controls issued annually by the management of each business unit/department as part of a cascade process leading to CEO/CFO certification of the company’s annual accounts. Compliance processes and procedures are audited by WeEn’s Corporate Internal Audit department.
