For us, business ethics is a matter of doing the right thing, no matter what potential benefits might otherwise be gained.
Business ethics are often guided or defined by law. But what is legal is not always the most ethical thing to do. That is why we believe it is important to distinguish between the two. While always adhering to legal requirements, we are also guided by our own values and morals – whether the issue in question concerns company taxation, social responsibilities or labour and human rights.
Netcompany’s Code of Conduct sets out our moral principles and acts as the guideline for our everyday business operations. It is based on the Organisation for Economic Co-operation and Development (OECD) guidelines for multilateral enterprises and addresses a variety of ethical matters, ranging from personal conduct; work environment and safety; conflicts of interests; confidential information; to environmental responsibility.
Anti-bribery and anti-corruption
Our policy on anti-bribery and anti-corruption is supplemented by organisational procedures that ensures continuous control with company expenses. We also have an approval system where any receiving or offering of gifts meals, and other entertainment gestures must be approved by a superior. The Anti-bribery and Anti-corruption Policy helps our employees navigate applicable legislation, while following Netcompany’s ethics and moral principles. At the same time, it protects our employees from accusations of unethical conduct.
A prerequisite for social welfare in any society is sufficient financial means to fund it. This is typically accumulated through direct and indirect taxes. At Netcompany, we have a transparent tax disclosure policy, which clearly states that we disassociate ourselves from the use of tax havens and other methods of tax evasion. As a company, we pay corporate income taxes and other indirect taxes in all the countries in which we operate. In 2021, Netcompany Group paid more than DKK 197m in corporate income taxes. In addition, we paid indirect taxes such as VAT and other similar taxes in excess of DKK 672m.
Netcompany’s approach to human rights is strongly rooted in our core values and ethical standards. As a ‘people company’, it is of great importance to us that everyone we meet through our business dealings is treated with the dignity and respect that any person deserves. When it comes to upholding human rights standards, we have also chosen to follow the United Nations’ Declaration of Human Rights, letting its standards guide several policies, including our Code of Conduct and Anti-Slavery Policy. Alongside these policies, we have also implemented internal guidelines on non-discrimination and protective measures against any kind of harassment.
Netcompany wishes to secure the human rights of every employee throughout the organisation. This also includes people employed by our subcontractors and business partners. For this reason, we have a whistle-blower system in place, allowing people to report suspicions or knowledge of mistreatment either within Netcompany or within the organisations that Netcompany do business with.
When it comes to labour rights, Netcompany operates according to the highest ethical standards. We have a zero-tolerance approach to the use of child labour as well as any forced or compulsory labour. These standards are embodied in the Netcompany Code of Conduct. We also fully support the Convention on the Rights of the Child, which states that all children have the right to leisure and education.
To demonstrate Netcompany’s commitment to acting ethically and with integrity in all our business dealings and relationships, we have implemented an Anti-Slavery Policy, making employees aware of the issue of modern slavery and notifying them of Netcompany’s whistle-blower system where any actual violation or suspected violation can be reported anonymously. To date, Netcompany has not received any reports through the whistle-blower system concerning the misuse of labour forces.