Values & behaviour

The Axpo Group stands for reliability, sustainability and innovation. As a group of companies, Axpo has a responsibility not only to meet the ever-increasing legal requirements, but also to meet the high expectations of all stakeholders with regard to the company's conduct. True to its mission statement, Axpo will therefore conduct its business with high integrity and in accordance with ethical standards - everywhere, at all times and regardless of what others may expect or demand. 

Our business priniciples

The following principles are an integral part of Axpo's Code of Conduct and represent the Axpo Group's commitment to compliance with the law, integrity and ethics.

These fundamental principles must be observed by all Axpo Group employees in their daily work and by our business partners. By signing the Code of Conduct for Business Partners, our business partners commit themselves in particular to business ethics & integrity, respect for human rights, socially acceptable working conditions and compliance with environmental standards.

We conduct our business in compliance with the law, and as employees, with the Code of Conduct -everywhere, at all times and regardless of what others expect or demand.

Our managers always set an example through their conduct.

Safety and protection of people and the environment are priorities for Axpo.

We comply with safety, occupational health and safety, as well as environmental protection regulations and report violations. 

We treat our employees with respect, tolerance and decency.

Harassment, discrimination or other personal injury against employees is prohibited.

We respect the privacy and personal data of our employees, customers and business partners. 

We respect the principles of fair competition and do not enter into any anti-competitive agreements regarding prices, conditions, customers, markets, quantities or territories.

We do not exchange information with competitors or competitors.  

We do not offer or accept bribes. Our business is based on the quality of our products and services, not on such practices.

Theft, fraud, misappropriation of property or other criminal acts against Axpo or its employees will not be tolerated and can result in legal civil or criminal consequences.

Gifts and invitations as well as other benefits or favours may not be accepted, promised or offered if they have or are intended to have an unlawful influence on a person or are intended to do so.

Appropriate gifts, invitations, benefits or favors of low commercial value are permissible as a sign and as part of business and social esteem and courtesy, for advertising purposes or for legitimate customer care.

Private interests and relationships must be separated from business, and existing or potential conflicts of interest must be disclosed immediately.

As employees, we respect our duty of loyalty to Axpo. 

We work with business partners who share our values and recognise the business principles of the Code of Conduct.

In case of doubt regarding the integrity of business partners or the legality of their financial means, the supervisor or the Compliance Officer must be informed immediately.

Confidential as well as non-public information and business secrets of Axpo and other companies to which we have access as employees must remain confidental (even after expiry of the employment or contractual relationship) and must never be misused for our own benefit or for the enrichment of third parties.

Axpo business information belongs to Axpo. Business documents and data remain the property of Axpo after termination of the employment or business relationship.

Utilize (never abuse) our information and communication technology for your daily work with professionalism and respect. As an employee, always communicate in a considered and appropriate manner and always ensure that you are willing to stand by what you say or write. 

A single employee can permanently harm Axpo through dishonest or illegal conduct. If you are uncertain about the right path to follow in a specific situation, always ask your line manager or the responsible Compliance Officer for advice. 

Infringements of regulations and punishable offences can harm us all and must therefore be reported to your line manager and the Compliance Officer. No employee will be disadvantaged for reporting with honest intent any infringements of regulations by employees or third parties.

Axpo creates equal employment opportunities and fosters an inclusive and diverse working environment. At Axpo we are committed to diversity and do not tolerate discrimination or harassment. Decisions on employment, promotion or training are based on objective job-related requirements only. We embrace the diversity of our colleagues and promote a fair workplace that strengthens our culture of mutual respect, collaboration, trust and openness. We treat our colleagues with dignity and encourage each other to support the firm’s diversity and inclusion initiatives.

Our business principles in other languages

Compliance at Axpo

At Axpo, Compliance reports directly to the Chief Operation Officer (COO) and manages the Group-wide compliance organisation in the Axpo Group. There is direct access to both the CEO and the Board of Directors/ Chairman of the Board of Directors as well as to the Audit and Finance Committee of Axpo Holding. 

Axpo's compliance department consists of a team at the Baden office and designated compliance officers in foreign subsidiaries of the holding company.

Compliance manages the Group-wide compliance organisation and ensures the implementation of the Axpo Group's compliance strategy and targets by means of the management, implementation and continuous further development of Group-wide compliance programs. The main components of this compliance programme are the identification, evaluation and mitigation of compliance risks and the sensitisation of management and employees through continuous training and education. 

The Compliance Function is the central unit for enforcing comprehensive compliance. It advises the units and employees on all compliance issues and is a contact point for reporting suspected violations of laws, the Code of Conduct or other internal regulations and for other concerns or information. Axpo has an ethics hotline, which can also be used to make these reports anonymously.

Contact us

Please do not hesitate to contact us if you have any questions or comments.

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