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KONE 2016 | SUSTAINABILITY REPORT

ETHICAL BUSINESS PRACTICES

42

COMMITTED TO INTEGRITY, HONESTY AND FAIR PLAY

KONE has operations in over 60 countries and

collaborates with authorized distributors in

over 80 countries around the world. As a global

corporate citizen, we are fully committed to the

laws and regulations of the countries where we

operate. Our global presence makes it crucial

for us to ensure that we have clear rules and

guidance in place for ethical business practices.

It is equally important that these are easily

accessible to all our employees, our suppliers,

and our distributors, thereby enabling us to

conduct business in an ethically and socially

responsible manner throughout our entire

value chain. The KONE Code of Conduct sets

out our company’s commitment to integrity,

honesty, and fair play.

The KONE Code of Conduct

The KONE Code of Conduct (the Code) is

an integral part of KONE culture and defines

our standards of ethical conduct. The Code

addresses what is expected of KONE employees

and KONE companies. The topics covered in it

include compliance with the laws and rules of

society, work environment and human rights,

anti-bribery, health and safety, discrimination,

fair competition, risks and conflicts, marketing

of products and services, and environment

and sustainability. All KONE employees are

expected to understand and abide by the Code

and to report any violations using the channels

available for this purpose. The Code is available

in over 30 languages and applies to every

employee of KONE and KONE companies.

KONE’s Competition Compliance Policy

KONE’s Competition Compliance Policy

promotes the principles of fair competition that

are presented in the Code of Conduct. The

policy details our unambiguous position against

anti-competitive practices. It sets out the

rules and principles that all KONE employees

must follow to ensure that we comply fully

with competition laws. Also, the Competition

Compliance policy is available in over 30

languages.

KONE Supplier and Distributor

Codes of Conduct

KONE’s Supplier Code of Conduct sets out the

ethical business practice requirements that we

expect from our suppliers. It covers areas such as

legal compliance, business conduct, anti-bribery,

labor and human rights, health and safety, and

environment. KONE expects its suppliers to

conform to the requirements of the Supplier

Code of Conduct in their dealings with KONE,

their own employees and suppliers, as well as

third parties including government officials

and others. The Supplier Code of Conduct is

available in over 20 languages and is explained

in more detail on pages 46-47 of this report.

The KONE Code of Conduct is an

integral part of the company’s

corporate culture and values

and sets out our commitment to

ethical business practices.

The Code of Conduct and

Competition Compliance

e-learnings are available in

30 languages

The number of Supplier Code of

Conduct language versions is

24

The Distributor

Code of Conduct is available in

5 languages