Volvo Cars has been named a 2017 World’s Most Ethical Company, a first for the car manufacturer. “Volvo Cars embraces policies of diversity and inclusion, is committed to ethical leadership and demonstrates the values of a true global citizen.”
124 companies have been listed this year by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. Volvo Cars is one of only four companies in the automotive industry.
“I’m very proud that Volvo Cars has been recognised as one of the world’s most ethical companies,” said Håkan Samuelsson, President and CEO of Volvo Cars. “Responsible business is a fundamental part of Volvo Cars’ heritage, and ingrained in our corporate culture. An ethical approach is not just the right thing to do; it brings financial value too.”
Ghent shares awards
Volvo Cars has a plant in Ghent where almost 6,000 employees produce the V40, S60 and XC60 models. Last year, 450 additional staff were hired to roll off the assembly lines more than 250,000 cars, setting a new record.
“Congratulations to all at Volvo Car Group for being recognised as one of the World’s Most Ethical Companies”, said Timothy Erblich, Ethisphere’s Chief Executive Officer. “Volvo Cars embraces policies of diversity and inclusion, is committed to ethical leadership and demonstrates the values of a true global citizen.”
Training in ethical business practices
Volvo Cars implements a comprehensive Compliance and Ethics Programme aiming at preventing and mitigating a range of legal and ethical risks, covering areas such as corruption, human rights, competition law, export control and data privacy. This includes a Code of Conduct, based on international conventions and standards, which governs and guides the actions of all our employees and business partners.
Volvo Cars is committed to fostering a culture of Ethical Leadership. Last year, a new training programme for managers was launched which focuses on responsible and ethical business practices. To date, over 400 employees have received this training.