Business Ethics

Ragn-Sells Group is committed to conducting its business and pursuing its interests in a legal and ethical manner. With businesses in many countries and a wide range of processes, services and products, a broad perspective on business ethics is required.

Business ethics is an essential part of the Ragn-Sells’ Code of Conduct, where it is stated that the company insists on honesty, integrity and fairness and is committed to upholding and promoting the highest ethical business standards in all aspects of the business. 

Ragn-Sells shall comply with all applicable anti-trust and competition legislation. Corruption and bribes are taken seriously and are not tolerated.  

The topic has been addressed by management on a Group level through the adoption of a common Business Ethics Directive, which outlines the Group’s position regarding corruption and bribes, conflicts of interest and competition law. In 2019, the directive has been translated to Ragn-Sells working languages; Swedish, Danish, Norwegian and Estonian. The management team, ELT and GLT have conducted training in the Business Ethics Directive and it has been presented to all business areas. The Directive is communicated to Ragn-Sells employees via the intranet. 

During 2019, no confirmed incidents of corruption were reported (2018: no cases). There were no confirmed incidents of employees being dismissed or disciplined for corruption and no confirmed incidents leading to the termination of contracts with business partners. No law suits were brought against any Ragn-Sells Companies within the field of competition law (2018: no cases).