Maintaining the highest standard of integrity is essential for securing the trust of customers, business associates and the general public, and in turn brings security for the company and its employees. Borealis' commitment to ethical business conduct is firmly rooted in the company's core values: Responsible, Respect, Exceed and Nimblicity™. Each Borealis employee is expected to:
Borealis' commitment to ethics extends beyond its employees. Agents, suppliers, contractors and distributors are also obliged to uphold ethical principles. Borealis contracts include an ethics clause.
The Borealis Ethics Policy is the foundation for the company's approach to ethical business. It applies to Borealis employees and all others working on behalf of the company, including suppliers and contractors. The policy is easily accessible on the Borealis website in 16 different languages, and offers clear guiding principles as well as practical tools and advice on how to make the right decision, when confronted with questions of ethics and business conduct.
The policy covers a wide range of topics, including the application of human rights, how to deal with conflicts of interest, Borealis' guidelines on political involvement, avoiding bribery, how the company competes and many more.
Borealis applies ethical guidelines in practice through a comprehensive network of around 80 Ethics ambassadors, drawn from various functions and locations. Within the framework of Borealis' Compliance Management System and in alignment with the Group Compliance and Ethics Officer, Ethics Ambassadors hold general ethics training courses for employees. The Group Compliance and Ethics Officer and the Ethics Ambassadors also provide tailored workshops for high-risk functions or particular countries, as well as on topics such as competition and bribery. Employees with internet access must complete the company's "CodeOne" e-learning programme within the first weeks of employment and classroom training is mandatory for all employees during their first full year of employment. Depending on the role of the individual employee, additional classroom and online training courses are mandatory throughout the term of employment.
The Borealis Questionline has been established as a channel for those inside and outside Borealis to blow the whistle by reporting unethical behaviour or to raise concerns with full confidentiality. All notifications are registered, evaluated, documented and, if necessary, investigated, and appropriate action is taken. On average, the QuestionLine is contacted 150 times each year with requests for information or advice, as well as with reports of unethical behaviour. Such reports have led to disciplinary measures, including dismissal. Every valid report of unethical behaviour is investigated and findings are reported to the Executive Vice President of the business area concerned.
Borealis is committed to vigorous, lawful, straightforward and ethical competition. It is our policy to ensure that our business practices are in full compliance with competition and anti-trust laws wherever we do business.
Borealis trains all its employees on how to behave ethically with respect to:
The export of certain technologies, goods, services and information from certain countries to other countries is subject to legal restrictions. Borealis will comply with all applicable export control and import laws, regulations and procedures wherever we operate.
Developed on the basis of international agreements, the Borealis Ethics Policy sets out the minimum standards of conduct expected from employees, suppliers and distributors. The policy covers a wide range of topics including human rights standards, how to deal with conflicts of interest, how to avoid bribery, as well as general principles on how the company competes. The guidelines are available in various languages and downloadable.
Whenever doing business Borealis is committed to follow its values Responsible, Respect, Exceed and Nimblicity™. As a result of these business principles Borealis has developed a Responsible Sourcing Policy which defines the way to source goods and services from the market. Borealis therefore is committed only to do business with suppliers who follow business practices which are aligned with our values and our Ethics Policy.
In addition to the legal standards mentioned in this Code, suppliers will comply with all other applicable laws in the provision of products or services to Borealis. Borealis applies a „Zero Tolerance Policy" regarding unethical business behaviour, bribery, corruption and forced labour.
This Code of Business Conduct for Suppliers sets forth basic principles for supplier conduct when working with Borealis. Borealis is committed to these principles and expects its suppliers to be as well.
Respect for People is a core Borealis Value. Suppliers must respect the Human Rights of their employees and treat them fairly and with respect, in accordance with applicable laws.
Borealis´ commitment to sustainability includes efficient use of resources in the light of the Circular Economy, as well as the commitment to protect the environment and to provide healthy and safe workplaces. Borealis is committed to Responsible Care®, avoids using conflict resources and expects its suppliers to make similar commitments to continuously improve their environmental, health and safety performance.
Borealis expects its suppliers to conduct their business ethically and in compliance with the law.
Borealis expects suppliers to implement systems and controls to promote compliance with applicable laws and the principles set forth in this Code, including policies, training, monitoring and auditing mechanisms. Suppliers should also apply these or similar principles to the subcontractors and suppliers they work with in providing goods and services to Borealis.
Borealis reserves the right to assess and monitor suppliers' compliance with this Code. Suppliers who are not in compliance with this Code are expected to implement corrective actions or face the prospect of not being considered by Borealis for future business.
The international security environment has changed over the years. Several initiatives to implement global terms and standards concerning risk management within the supply chain and customs processes have been created in response.
In 2005, the EU introduced the Authorized Economic Operator (AEO) concept as one of the main components of the so-called security amendment of the Community Custom Code.
AEO status has been granted to parent company Borealis AG and the majority of Borealis locations in the European community. Borealis is currently in the process of seeking AEO status for those Borealis locations which have not yet been certified.
Borealis is proud to have been acknowledged as a trustworthy organization fulfilling stringent criteria, including customs compliance, appropriate record keeping, financial solvency and, where required, appropriate safety and security measures .
Borealis remains fully committed to fulfilling its legal obligations concerning AEO and has taken appropriate measures to secure our business and the international end-to-end supply chain from a customs perspective.
For further information related to Borealis' AEO status, please send your inquiry to firstname.lastname@example.org.