Anti-bribery and corruption
We are committed to fighting corruption in all of its forms and to do business with the highest sense of transparency and integrity. We do not accept bribery or corruption in any form.
Challenges
The telecommunications industry is considered to be exposed to elevated risk of corruption and bribery. Managing such risks requires extensive work with risk assessment, investigating potential fraud and corruption schemes, training employees and building a culture where no one is afraid of speaking up when they see potential or actual corrupt practices.
Our approach
We conduct business with zero tolerance for corruption. Corruption risk is treated as one of Telia’s principal risk areas and an Anti-Bribery and Corruption (ABC) program is in place to mitigate this risk. The program provides a systematic way to effectively detect and prevent corruption and violations of anti-corruption laws. It is implemented and continuously developed using a risk-based approach through:
- Regular ABC risk assessments to identify and manage key risks
- Annual maturity assessments to follow up on progress and identify areas for improvement
- Training to ensure awareness of ABC risks
- Supply chain risk management by screening, monitoring and auditing suppliers
- Annual mandatory Conflicts of Interest disclosure for the extended leadership team and for key employees during the onboarding process
The ABC program is managed by the Group Governance, Risk & Compliance unit, which is responsible for the program design and coordinating activities. The Special Investigations Office (SIO), which is part of the Security Office, handles special investigations related to potential corruption, fraud, and other significant related risks such as retaliation.
Our work is governed by the Group Policy - Anti-Bribery and Corruption
More information can be found on page 103 in the 2022 Annual and Sustainability Report.
