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.
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Some of our markets are among the most challenging in the world to do business in due to bribery and corruption. In addition, the telecommunications industry is exposed to a high risk of corruption. Remediating these issues requires extensive work with analyzing risks, 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.
The work is governed by the Group Policy - Anti-Bribery and Corruption
To ensure compliance with laws and ethical standards and to manage the risk of corruption and unethical business practices, we launched an anti-bribery and corruption (ABC) program in 2013. It is based on Telia Company’s compliance framework and includes the key elements of an effective compliance program and adequate procedures as set forth in the U.S. Sentencing Guidelines and the UK Bribery Act Adequate Procedures. We have since its launch taken firm action to better understand and improve control of risks and contextual challenges by increasing awareness of issues, implementing control mechanisms, improving processes and carrying out extensive training efforts. The ABC program is managed by the group ethics and compliance office, which is responsible for the program design and annual plan as well as follow-up and reporting. Program implementation is the responsibility of local line organizations as well as group functions, with strong support from the ethics and compliance network.
More information, including 2015 outcome on the goals, can be found in our Annual and Sustainability Report.