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Atlas Copco recognized in prestigious ethical ranking

Words: Adetola AdekunleAtlas Copco was ranked as one of the world’s most ethical companies by Ethisphere Institute. The list, presented at the Global Ethics Summit in New York, United States, recognizes companies that introduce best practices in corporate ethics.

Ethics is a key element in how Atlas Copco operates. The Group has a strict attitude and clear policy governing business practice with a comprehensive educational program that includes, for instance, inviting suppliers to take part in web-based ethics classes.

Atlas Copco runs an annual corruption awareness training program, which thousands of employees took last year, and all managers in the Group confirmed compliance with the company’s Business Code of Practice. Atlas Copco is a signatory to the UN Global Compact, a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption.

“Doing business ethically is not only the right thing to do but is how we also develop and grow our business in a profitable way,” said HÃ¥kan Osvald, Senior Vice President General Counsel at Atlas Copco.“ We have a value-based culture and train our employees to work and think ethically and to prioritize the long-term results and sustainable, profitable development.”

Earlier this year, Transparency International, a global coalition against corruption, recognized Atlas Copco’s efforts in its report on the 20 largest Swedish companies. Atlas Copco scored a 100% rating.
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