Strong governance and an ethical, rights-respecting culture are key components of Telia Company’s business strategy and foundation. Our work addresses a broad set of impact areas that are material to both Telia Company and the customers and societies that we serve. Together with robust risk management processes they provide a foundation that is key for us to constantly gain and maintain trust.
Beyond Telia Company’ three key impact areas (Climate & Circularity, Digital Inclusion and Security & Privacy), our work covers a number of other important areas that are instrumental to an ethical and rights-based culture:
- AI ethics
- Anti-bribery and corruption
- Children’s rights
- Employee diversity and inclusion
- Freedom of expression and surveillance privacy
- Health and well-being
- Human rights
- Responsible sourcing
- Responsible tax practices
Telia Company’s Statement of Materiality
According to the Statement of Materiality signed by the Board of Directors,
“It is Telia Company’s firm belief that integrating sustainable and responsible business practices in all aspects of business and strategy is a prerequisite for sustainable growth and profitability, which in turn creates long-term value for shareholders and supports sustainable development.”
Telia Company is committed to a number of international guidelines and initiatives related to anti-corruption, environmental responsibility, human rights and labor rights, including:
- The UN Universal Declaration of Human Rights
- The core conventions of the International Labour Organization (ILO)
- The OECD Guidelines for Multinational Enterprises
- The UN Global Compact
- The UN Guiding Principles on Business and Human Rights
- The Children’s Rights and Business Principles
These guidelines form the foundation of the Code of Responsible Business Conduct which is approved by the Board. The requirements set by the Code, which go beyond legal compliance and apply to all employees, lay out how to engage with stakeholders in a way that ensures the highest degree of ethical business practices and behavior. Sustainability risks are fully integrated in the Enterprise Risk Management (ERM) process. Our Speak-Up Line is available for employees and third parties to report potential or actual violation of laws and our requirements.
Sustainability risks are fully integrated in the Enterprise Risk Management (ERM) process.