For Volvo Cars, “playing it safe” is not just about manufacturing cars with high safety levels. The corporate ethics and compliance of the brand's business chain is also important.
Volvo Cars received the distinction 2017 World's Most Ethical Company . An award given by the Ethisphere Institute, a body with vast experience in defining and evaluating the best ethical practices in a corporate environment.
Ethisphere recognizes companies that achieve the highest ratings through the World's Most Ethical Companies Program, this year Volvo was one of them.
“I am very proud that we have been recognized as one of the most ethical companies in the world. Business responsibility is a fundamental part of the Volvo Cars heritage and one that is perfectly rooted in our corporate culture. An ethical approach must be understood not only as the right thing to do but also as one capable of adding financial value to the company.” | Håkan Samuelsson, President and CEO, Volvo Cars.
Volvo Cars has an Ethics and Compliance program whose objectives are to prevent and mitigate a set of ethical and legal risks that cover the most diverse areas including corruption, human rights, competition laws, export control and data protection.
The program includes a Code of Conduct, based on international conventions and standards, which aims to provide guidelines for the actions of both employees and business partners.