Why is this material?
Our policy is to be at all times compliant with all applicable laws, including anti-corruption and privacy legislation, to meet our long-term objectives, to mitigate identified business risk, to improve business performance, and to build trust among our employees, customers and other key stakeholders.
We have defined compliance as legally and ethically impeccable conduct by all employees in their daily work because the way they carry out their duties affects the company’s reputation. We do not tolerate any violation of applicable laws, our Code of Conduct or internal regulations.
A clear tone from the top coupled with tangible ownership of compliance at all management levels is essential. To help our managers to meet this responsibility, a compliance programme has been set up, focusing on integrity in business dealings, anti-corruption, commitment to fair competition, upholding of foreign trade laws and privacy law.
The effectiveness of compliance at DNV GL is based on the global governance of our compliance organization and clear-cut reporting lines, and close cooperation between the Group Compliance Officer and our business areas.
We do not tolerate any breaches of competition law and require our employees to refrain from any conduct that is illegal, or which would raise suspicion that our company may be involved in an infringement of competition law. As a global company, we always endeavour to comply with all laws of the national legal system in the countries which we operate in. This is reflected in our Code of Conduct and in our anti-trust instruction. During the reporting period, no legal actions were pending or completed regarding anti-competitive behaviour and violations of anti-trust and monopoly legislation in which the organization has been identified as a participant.
For further guidance, we have published a list of Do’s and Don’ts, giving our employees an easy understanding of competition laws. Anti-trust is also part of the training programme. The e-Learning tool which will be mandatory for all employees in the course of 2015 covers this topic with explanation and samples. Furthermore, competition law is subject to classroom trainings being conducted throughout the year.