The Code of Conduct is the core of Vaisala business conduct and reflects Vaisala Values: Integrity, Strong Together, Innovation and Renewal, and Customer Focus. All our employees, together with our partners, distributors and agents, are required to comply with the Code of Conduct at all times. Longstanding Vaisala Code of Conduct was updated in 2015, along with the update of the International Anti-Corruption Policy in 2016, in order to further promote understanding of the importance of ethical behavior and to ensure compliance.
All Vaisala employees are required to complete online Code of Conduct trainings periodically. At the end of 2017, 97% of the personnel had completed the training. All new employees acknowledge their compliance with the Code of Conduct and Anti-Corruption Policy as part of their employment agreement, and they take part in introduction programs concerning various company policies, including the Code of Conduct. In 2017, Vaisala created an internal Policy Portal to facilitate easy access to certain key policies and guidelines.
Violation of the Code of Conduct by employees can lead to disciplinary actions up to and including termination of employment. Due to the wide geographical reach of Vaisala’s business, we operate in various countries with a demanding business climate. Consequently, special attention is paid to the business partner selection, where the preliminary desktop investigation is usually followed by a more thorough due diligence, performed either by Vaisala’s own personnel or by external consultants. Agreements with our business partner typically contain strict clauses on immediate termination in case of any breach of the principles of the Code of Conduct or the International Anti-Corruption Policy. Both documents are integral parts of the signed agreements.
Vaisala condemns corruption and maintains a zero-tolerance approach towards all corruptive practices. Our International Anti-Corruption Policy strictly forbids offering, giving, soliciting, arranging, demanding or accepting bribes, whether directly or through third parties. Detailed guidelines on acceptable hospitality and entertainment are included in the International Anti-Corruption Policy. Periodical Code of Conduct trainings cover topics relevant to the International Anti-Corruption Policy, too.
Vaisala’s Travel & Travel Expenses Policy has been aligned with the other policies and guidelines. Violation of the International Anti-Corruption Policy by employees can lead to disciplinary actions up to and including termination of employment.
The Supplier Code of Conduct reflects Vaisala’s values and the Code of Conduct, and is based on principles created by the International Labor Organization (ILO), the United Nations Global Compact initiative, and the Responsible Business Alliance (formerly EICC). The Supplier Code of Conduct contains requirements from standards and policies formulated by the above-mentioned organizations, as well as those of the Business Social Compliance Initiative (BSCI) and Social Accountability International (SAI).