Getinge 2022 Annual Report

Getinge 2022 Annual Report Introduction Strategy Corporate Governance Annual Report Sustainability Report Other information Contents and business partners are evaluated for suitability with Getinge business standards. Getinge also maintains a Business Partner Code of Conduct and related training. The Getinge Global Ethics & Compliance Program serves as a method and tool for ensuring that adequate procedures are in place to prevent Getinge from taking part in any corrupt business practices and adheres to applicable laws, regulations, and relevant ethical standards including Getinge's codes of conduct, global policies, and global directives. Additionally, through its Responsible Leadership program, Getinge colleagues have annual training and/ or learning opportunities on the topic of responsible business conduct. More information about Getinge's Global Ethics & Compliance Program framework, activities, and achievements can be found in Getinge's Ethics & Compliance Report 2022. Processes to remediate negative impacts (GRI 2-25) Getinge is committed to open and transparent communication, internally and externally. All employees are encouraged to report any suspected or observed violations of the law or the corporate Code of Conduct. In this regard, Getinge encourages reporting to managers, Human Resources, and the Global Ethics & Compli- ance team. Training and internal communications on the topic of speaking up and reporting occurs annually. Additionally, Getinge maintains a reporting hotline, The Getinge Speak-Up Line, which is available to individuals internal and external to the company via the company's internal communication platform, GetNet, and a public- facing website. The Speak-Up Line is available in eleven (11) languages. Getinge has a strict policy on non-retaliation and provides training to managers on the internal investigations process, lessons learned, and retaliation. Through these mechanisms, Getinge works to capture, track, and address grievances. Stakeholders who are the intended users of the grievance mechanisms are not involved in the design, review, operation, and improvement of these mechanisms. The Head of Internal Investigations is responsible for ensuring that all reports of suspected Code of Conduct violations or non- compliance are properly assessed, investigated, and acted upon. The overall governing body for the Internal Investigations is the Ethics Committee, which is a subset to the Getinge Executive Team. The Ethics Committee meets at least five times a year, prior to each Audit and Risk Committee meeting, and on a needs basis. The Head of Internal Investigations is responsible for monitoring remediation plans and for providing updates on these to the Ethics Committee and Audit and Risk Committee. Mechanisms for seeking advice and raising concerns (GRI 2-26) All employees are encouraged to report any suspected or observed violations of the law or the corporate Code of Conduct via various channels of communication. Employees can seek advice from their direct managers, Human Resources and/or Ethics and Compliance. Getinge has an externally hosted whistleblowing hotline, Getinge Speak-Up Line. This tool enables anonymous reporting via a website or telephone in 11 local languages and is open for Getinge employees, suppliers, distributors and other business partners. The Speak-Up Line can be found on the internal communication platform, GetNet and on the Getinge website. Management Approach Getinge has a robust corporate governance structure, a robust Ethics & Compliance program, and a Legal, Compliance and Gover- nance Team, present worldwide to support Getinge business areas and operations. Responsible Leadership is at the core of the program and entails involving all employees to set the standard and act as role models for ethical behavior and professional integrity. Activities in this area provide the conditions and requirements for Getinge's employees to ensure business is conducted in an ethical and responsible manner, in all internal and external contexts. To clarify and deepen the meaning of the term, Getinge implemented in 2022 comprehensive change management program called #ItStartsWith Me. The global Ethics & Compliance team has the overall respon- sibility for ensuring that the Ethics & Compliance programs are adequately designed, that implementation support is provided to the organization, and that the implementation is followed up and reported to the Board of Directors and Getinge's Audit and Risk Committee. Getinge's Legal, Compliance and Governance Team, includes the Ethics and Compliance team and supports all Getinge's operations, gathering relevant information and monitoring claims, disputes and litigation that could potentially affect the GRI standards; reporting to the Audit and Risk Committee at least once a quarter. The Board of Directors receives an Ethics and Compliance update, including an update on company risk profile, trends, and ethics and compliance program implementation, at least once a year. Progress 2022: Compliance with laws and regulations (GRI 2-27) See pages 58-61 and 151 for more information. Risk Assessments Responsible leadership at Getinge means involving all employees to set the standard and act as role models for ethical behavior and professional integrity. Risks in this area include the conditions and requirements for Getinge's employees to ensure business is conducted in an ethical and responsible manner, in all internal and external contexts. This sets the foundation to mitigate risks and avoid negative effects of legal or regulatory non-compliance in human rights and anti-corruption. See disclosure 205-1 Operations assessed for risks related to corruption on page 149 for more information. The Responsible Leadership #ItStartsWithMe program aims to encourage employees to feel that they can contribute to a better world through their decisions, their authenticity, and their work in a company where every individual counts, and every decision matters. The program has been created to inspire all employees to become aware, make better decisions and make a positive impact. Through taking part of inspiring videos and in practical workshops, employees will grow in leadership and get vital tools to contribute to a better self, a better company and a better world. The Responsible Leadership #ItStarts With Me journey consists of three parts; Understanding, Reflecting and Acting. The program includes more than 50 short videos, (GetInspired), with some of the world's foremost experts on behavioral science, corporate culture, business, and leadership. These are combined with case studies, (GetPractical), from Getinge's business environment. Each part ends with a live workshop (GetPersonal). The program is voluntary and open to all Getinge employees. 148