Integrity and ethical conduct, and the continuous development of the related processes are particularly essential in the defence industry. Patria Group's reputation and long-term reliability as a partner – in Finland and in the international markets – are the foundation of profitable business operations and have a major impact on the net worth of the Group.
Responsibility, integrity and ethical business conduct - fundamentals for business operations
Our reputation for high ethical business conduct and decision making is a strategic imperative that creates sustainable advantage. Ethical business practices and a strong focus on anti-corruption is at the core of how we run our business. Our unwavering commitment to fair and ethical business practices and a legacy of transparency guides everything we do as a company and defines the work of our ethics and compliance program.
Our ethical standards reflect our culture and values and the principles that guide our behaviour, and we expect the same high standards from our suppliers and partners. While we need to ensure we meet our legal and regulatory requirements we should stretch even further by building and maintaining a culture of values and principles based on strict ethical business operations.
In order to ensure that our culture of values, integrity and ethical business conduct is maintained, we encourage our personnel and external stakeholders to report on any concerns or alleged unethical conduct through our internal and external reporting channels. In no case will the company retaliate against any person that reports a concern, suspected or actual unethical conduct sincerely and in good faith. We commit to supporting and protecting the employee or other person that refuse to act unethically, even when that might result in a loss of business.
Each one of us shapes our culture through words and actions. Making good decisions and ethical choices in our work builds trust in each other and our stakeholders, and we achieve more when we build and preserve trust with our customers, governmental bodies, shareholders, business partners as well as other stakeholders and representatives.
Patria President and CEO
Read more about Patria's Ethical Code of Conduct
As one way of ensuring responsible and ethical decision making and business practices, our Ethical Code of Conduct (and related guidelines and policies) defines our way of working in various situations. The Code applies to all Patria directors, board members, officers, employees and temporary workers, and is complemented by more detailed policies and guidelines. It is furthermore the duty of all directors, officers, employees and temporary workers to acquaint themselves with the complementary guidelines and policies as necessary. Patria provides these stakeholders training and information to ensure that these parties are aware of the ethical business conduct requirements of Patria. Patria also expects its business partners and suppliers to comply with Patria ethical business conduct requirements, specifically the requirements concerning anti-corruption and anti-bribery.
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Overall organisation of the ethical business conduct-related activities and processes as well as related monitoring and reporting procedures are described in the other Patria web pages concerning e.g. Board of Directors and Audit Committee, Risk Management, Raising Concerns, etc.