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.
The following twelve 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.
We use our information and communication technology for our daily work – professionally and with expertise, and never improperly.
As employees, we always communicate in a thoughtful and appropriate manner and only in such a way that we can always stand by what we say or write.
An individual employee can cause lasting damage to Axpo through incorrect or unlawful conduct.
We therefore seek advice from our line manager or the respective Compliance Officer at any time if we are not sure which is the right way to proceed.
Violations of rules or criminal offences can harm us all and must therefore be reported to the line manager and the Compliance Officer.
No employee is subject to disadvantages for reporting in good faith any violations of rules by employees or third parties.
At Axpo, Compliance reports directly to the General Counsel 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.
Please do not hesitate to contact us if you have any questions or comments.
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