Code of Conduct
Working environment and conditions
Oriola-KD strives to create and develop a working environment in which all of its employees can work safely and efficiently to achieve the company’s goals.
Openness
One goal of Oriola-KD is to produce information about its business openly and honestly, taking into account the continuous duty of disclosure that listed companies have as well as restrictions on information exchange.
Respect for privacy
As an employer, Oriola-KD and its employees are committed to complying with laws and regulations pertaining to other peoples' privacy. Our personnel also respect our partners’ trade secrets and confidential information.
Competition
Oriola-KD believes in fair competition. The company supports the fair development of competition and acts according to the applicable local laws and regulations.
Marketing of products and services
For its customers and partners in the market, Oriola-KD produces reliable services in strict observance of the guidelines issued by its customers and partners and in compliance with local legislation. Oriola-KD engages in competition honestly and operates according to local laws.
Environmental friendliness
Oriola-KD is committed to creating a sustainable relationship with its environment. Oriola-KD’s products and services, such as its storage, distribution, deliveries of equipment and outsourcing of products, have as small an impact as possible on the environment.
Discrimination and equality
Oriola-KD strives to offer its personnel a working environment in which all discrimination of any kind is prohibited. All employees, applicants for employment and partners are equal in the eyes of Oriola-KD and they are treated as such, regardless of race, skin colour, religion, gender, age, origin or descent, any disability or disadvantage, sexual orientation, civil status, way they have fulfilled the national service requirement, citizenship or any other discrimination factor prohibited by law.
Abuse and harassment are prohibited. At Orion-KD, there shall be no sexual, race-related or any other type of mental or physical harassment. This also applies to the actions of employees towards the company’s stakeholder groups.
In matters of compensation, Oriola-KD stresses fairness by taking account of the minimum wages in the field as well as the market and competitive situation at any given time.
Child labour
Oriola-KD shall not employ any person who has not yet reached the minimum working age stipulated by law. In matters regarding the age and working hours of persons in temporary employment, the company complies with local laws and regulations. Oriola-KD also strives to verify that its partners do not use child labour.
Bribery and illegal offers or other remunerative activities
Oriola-KD’s employees may not give or receive any bribes that influence decisions related to business operations or that have a significant personal nominal or monetary value.
Oriola-KD’s employees must avoid personal and financial activity that may be in conflict with their employment relationship with Oriola-KD. Particular discretion must therefore be exercised in these activities. Any limitations on taking a second job are stipulated in each employee's terms of employment. Personnel may not work for competitors.
Freedom to organise
All of the company’s employees may join or not join labour unions or other interest groups according to local laws.
Political activity
Oriola-KD may not hinder the freedom of its employees to choose their political viewpoints. Oriola does not participate in political activity by supporting any party-political constituency.
Insider information and share-related information
The sphere of nondisclosure includes all insider information as defined by the Finnish Criminal Code, i.e., any unpublished details that are apt to have a material effect on the value of a security. It is important for everyone in the Group’s employ to know the basic principles of insider obligations, since anyone may become an insider either because of their job or otherwise.
Insider information, i.e., non-public information that could affect share price, refers to information that is not given out publicly and that could be considered of essential importance to an investor’s decision to buy or sell shares or to abstain from doing so. Only those individuals who need confidential information to carry out their jobs receive said information. Insider information may not even be disclosed within the company to anyone else than those persons who are separately and expressly entitled to receive it, as described separately in the Oriola-KD Group Insider Guidelines.
Oriola-KD’s personnel may not disclose trade secrets and confidential information to third parties without a nondisclosure agreement signed by the company. The nondisclosure obligation applies to all of the company’s business and trade secrets, regardless of whether they are insider information as defined by law. Business and trade secrets must be kept secret, even if they are not, in individual cases, so significant that they would have a material effect on the price of Oriola-KD shares.
An employee who becomes aware of important information pertaining to Oriola-KD that has not been published and that belongs to the sphere of the publication obligation may not trade in Oriola-KD shares or other equity derivatives before the information is published. Employees may also not reveal important information directly or indirectly to other persons so they may trade in Oriola-KD shares or derivatives. Non-public information that may affect share price encompasses acquisitions, significant investments, personnel reorganisations, rationalisations, important product announcements, significant projects in strategic business areas, changes in market position, changes in capacity, gains and losses arising from the sale of property, significant exceptional revenues and expenses and changes in the management of the company.
Compliance with and monitoring of ethical principles
Oriola-KD oversees these guidelines and its own personnel’s compliance with them. It also strives to promote equivalent principles among its partners and suppliers.
The Board of Directors and Group Management Team of Oriola-KD are responsible for making sure that the principles of its ethical guidelines are known to all employees and that the principles are understood and complied with.
Failure to comply with and breach of these or other Oriola-KD business practices may lead to disciplinary measures, in which case Oriola-KD may notify individuals it employs that their employment relationship will be terminated or may notify partners that their business relationship will be terminated.
