Volvo Cars named as one of the world’s most ethical companies in 2018
Bangalore, February 13, 2018: Volvo Cars, the premium car maker, has been recognised by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as a 2018 World’s Most Ethical Company®. This is the second consecutive year that Volvo Cars has received this recognition. 135 companies have been listed this year, with Volvo Cars being one of only three in the Automotive category.
“Responsible business is a fundamental part of VolvoCars´ culture and way of operating, and something we continuously promoteinternally as well as with our business partners. An ethical approach tobusiness is not only the right thing to do, but also brings financial value andhelps attract and retain the best talent. We are proud that we have beenrecognised as one of the world’s most ethical companies for the secondconsecutive year.” says Håkan Samuelsson, President and CEO of Volvo Cars.
Maria Hemberg, Senior Vice President Group Legal,General Counsel and Chair of Volvo Cars’ Sustainability Board, commented: “TheWorld’s Most Ethical Company assessment process has helped us drive thecontinuous improvement of our Compliance & Ethics programme. To be named asone of the World’s Most Ethical Companies for the second time is a welcomeacknowledgement of our work to date in promoting ethical and responsiblepractices, both internally and externally.”
Volvo Cars has established a Compliance & Ethicsprogramme to support its commitment to responsible business, as well as toprevent and mitigate a wide range of legal and ethical risks. As part of thisprogramme, the Code of Conduct and the Code of Conduct for BusinessPartners, both based on international conventions and standards, set out theprinciples which employees and business partners are expected to abide to whenworking for or doing business with Volvo Cars.
Finally, in line with its commitment to fostering anethical culture, Volvo Cars has developed a broad range of training on ethicalbusiness practices for all employees, as well as specific training for managersfocusing on behaviour and role modelling.