SECOND EDITION
OCTOBER 2022
Leading Responsibly
Getinge Ethics & Compliance Report 2022
Intro | The Team | Key Developments | Responsible Leadership | Focus Areas | 1 | |||||||||||
Vision................................ | 2 | The Global team............. | 7 | Key developments......... | 16 | Responsible | Anti-Bribery | |||||||||
Contents | overview.......................... | 3 | Asia-Pacific....................... | 9 | Code of conduct............ | 18 | Leadership....................... | 20 | Corruption....................... | 25 | ||||||
Every individual | Antitrust.......................... | 26 | ||||||||||||||
Focus areas | MEA and | |||||||||||||||
Message from the EVP | Central/Northern | counts.............................. | 21 | Data Privacy.................... | 27 | |||||||||||
Legal, Compliance | Europe and CEE............. | 10 | It starts with me | Health Care | ||||||||||||
& Governance................ | 4 | in numbers...................... | 22 | |||||||||||||
Southern Europe | Compliance..................... | 29 | ||||||||||||||
Governance model ....... | 5 | and Latin America.......... | 11 | Trade Compliance | 31 | |||||||||||
Global trends ................. | 6 | North America ................ | 12 | |||||||||||||
Ethics ambassador | ||||||||||||||||
program........................... | 13 | |||||||||||||||
Passion for life
2021 Annual Report
Getinge Sustainability
ESG Addendum for Annual Report 2021
For more information about our sustainability work, governance and GRI Index, see our Annual Report 2021 and our Sustainability Update 2021. For further information regarding Ethics & Compliance issues, please contact ethics.compliance@getinge.com
Getinge AB (publ)
Lindholmspiren 7A
P.O. Box 8861
SE-402 72, Gothenburg
Sweden
Tel: +46 (0)10 335 00 00
E-mail: info@getinge.com
www.getinge.com
Ethics & Compliance Report 2022
Intro | The Team | Key Developments | Responsible Leadership | Focus Areas | 2 |
VISION
Becoming the World's
most Trusted and Respected MedTech Company
At Getinge we provide life-saving products and solutions to customers all around the globe. We are obliged to comply with various rules and regulations to ensure that we do business in a responsible and transparent way. The expectations on us are constantly increasing both in terms of regulation, but also in terms of ethical considerations.
We realise that formal compliance programs, such as risk assessments, trainings and controls, will only be effective if influencing and guiding daily decision making. To enable and support all employees in making responsible decisions, taking a stakeholder and long term perspective, we work with what we call Responsible Leadership. This report aims
for demonstrating how we aim for integrating ethics and compliance into everything we do, with a specific focus on our Responsible Leadership program.
Ethics & Compliance Report 2022
Intro | The Team | Key Developments | Responsible Leadership | Focus Areas | 3 |
Focus Areas
This report focuses on describing Getinge's most material risks and focus areas in relation to Business Ethics and Responsible Leadership as one of our key Sustainability priority areas.
ANTI-BRIBERY | page 25 |
CORRUPTION |
Bribery and corruption is closely linked with distorting competition, defrauding public tender processes and misuse of public funds. Getinge works actively to mitigate the risk for bribery and corruption in all business transactions.
HEALTH CARE | page 29 |
COMPLIANCE |
Securing integrity and transparency when interacting and cooperating with Health Care Professionals (HCPs) and Health Care Organizations (HCOs) is a top priority.
ANTITRUST | page 26 |
Respect for public tender processes and fair competition is of utmost importance to secure that public funds are not misused.
TRADE COMPLIANCE | page 31 |
The area of trade compliance has increased in importance during the year. Complying with trade sanctions and proactive assessments of related risks is a key focus.
DATA PRIVACY | page 27 |
Maintaining customer trust in the security of and safety of its products is critical for Getinge.
HUMAN RIGHTS
The work to identify and manage risks for human rights violations, throughout the supply and value chain, is being strengthened.
Ethics & Compliance Report 2022
Intro | The Team | Key Developments | Responsible Leadership | Focus Areas | 4 |
Why do we talk about Responsible Leadership?
At Getinge every employee and business partner is expected to be a "responsible leader". Even if I would not be a manager, leading people, I am leading myself and am responsible for the decisions I make each and every day.
T he requirements on companies is constantly increasing. Many expectations, in relation to
environmental considerations, human rights and social issues, are transitioning from "soft law" to "hard law". Saying that we comply with the highest ethical standards, with various conventions and commitments, without demonstrating how is no longer accepted.
In the wake of increased regulation it is important to ensure that we do not only comply with the letter of the law, but constantly remind ourselves of the ultimate purpose for more stringent regulation. There is not a self-interest in regulatory expectations, which commonly are strengthened in the wake of various corporate scandals and misconduct. Ethical obligations and legal requirements are interconnected, our formal compliance work aim for ensuring that each and every employee is able to make ethical decisions and be a responsible leader.
We realise that no company, nor in- dividual, can be ethical all the time. The
purpose of our ethics and compliance work is to ensure that the decisions we make today are well informed, balanced and can withhold scrutiny also in the future. At Getinge, responsible leadership means being passionate about doing the right thing, daring to raise concerns when something is not right and dealing with issues in a respectful and transparent way. Responsible leadership is all about taking responsibility together and thinking about the consequences from decisions and actions here and now.
During the year we have worked intensively with our Responsible Leadership program. We have created an interactive training portal, with informative GetInspired interviews with world class experts such as Ali- son Taylor, Ann Tenbrunsel, Fransesca Gino, Guido Palazzon, Mary Gentile and Richard Bistrong to name a few. We have also prepared GetPractical cases, which dive into lessons learned the hard way. Each interview or case conclude with GetPersonal questions,
At Getinge, responsible leadership means being passionate about doing the right thing, daring to raise concerns when something is not right and dealing with issues in a respectful and transparent way.
aiming for reflection and discussion in groups. Translations are available to ensure that the program is accessible globally. Our aim is to create a global movement within the company, aiming for increased awareness, reflection and learning. We believe that this will strengthened our capabilities to make the right decisions and build a more responsible company that we all can be proud of working for.
Anna Romberg
Executive Vice President
Legal, Compliance & Governance
Ethics & Compliance Report 2022
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Getinge AB published this content on 01 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2022 10:39:07 UTC.