Getinge 2022 Annual Report
Getinge 2022 Annual Report
Introduction
Strategy
Corporate Governance
Annual Report
Sustainability Report
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Contents
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GRI 205: Anti-corruption
Getinge's Global Anti-bribery Corruption Policy defines Getinge's
standpoint on bribery and corruption. The Global Anti-bribery
Corruption Policy applies to all employees, directors and business
partners acting on behalf of Getinge. The principles are regularly
communicated via internal communication channels and spe-
cialized trainings. The policy implementation is driven by global
and local management, in cooperation with Ethics & Compliance
Officers in the regions. Independent assessment is performed by
internal oversight functions and the external assessors.
The Global Anti-bribery & Corruption (ABC) program serves
as a method and tool for ensuring that Getinge has adequate
procedures in place, aimed at preventing Getinge from taking part
in any corrupt business practices, and adhere to applicable laws
and regulations as well as relevant ethical standards including the
Code of Conduct and global policies and directives.
Internal oversight functions, including Internal Control and
Internal Audit, conduct reviews and assessments to ensure
implementation of and adherence to compliance procedures.
Due consideration of findings and follow-up of recommendations
ensure further improvements.
The Global Ethics and Compliance team follows up on training,
to make sure all employees receive Business Ethics related training
at least once a year, and reports results to the Executive Manage-
ment Team and the Audit and Risk Committee of the Board.
Disclosure 205-1 Operations assessed
for risks related to corruption
Getinge utilizes a risk-based approach in its ethics and compli-
ance program implementation and focuses its efforts in high-risk
geographies. The company conducts corporate- and regional-level
risk assessments in the markets in which it operates, specifically
on corruption, antitrust, trade and export control related risks
with the aim to develop mitigation plans toward reducing the most
significant risks.
Getinge has developed a formal protocol for conducting risk
assessments and uses forensic expertise when necessary. The risk
assessment process includes evaluation of various criteria and risk
factors related to location, business activity, third party interactions,
products or services produced, internal control and audit review
outcomes, and more.
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