Chicago Pneumatic Tool
Accountability
Transparency
In all our communications, both written and spoken, we are committed to being open, truthful, and accurate within the limits of commercial confidentiality. We provide reliable and relevant information on our activities in a timely, regular manner. We consider interaction important and therefore have a positive attitude toward constructive dialogue with all of our stakeholders.
Chicago Pneumatic has established high reporting standards, where each employee involved in the recording, processing, and reporting of information is expected to safeguard its validity and correctness.
Business integrity
Wherever we operate, our reputation is a most valuable asset, and it is determined by how we act. We shall avoid any action that would jeopardize respect for Chicago Pneumatic.
• We have high standards of business and personal ethics; we adhere to our internal policies, and follow all applicable laws and regulations in the countries where we operate.
• We are committed to honesty in every situation and we refrain from having interests which conflict with the interests of the group.
• We support and strive for fair competition, and thus refuse to enter into discussions or agreements with competitors concerning pricing, market sharing, or other similar activities.
• We refrain from giving or receiving anything of more than token value to or from any stakeholder, to avoid the risk of creating an unhealthy loyalty.
• We respect company assets and safeguard all tangible and intangible assets of the group from loss, theft, and misuse.
• CP does not take political stands. Therefore we do not use CP funds or assets to support political campaigns or candidates, or otherwise provide services to political endeavors.
Governance
Chicago Pneumatic management is responsible for approving the overall CP strategy and organization.
Group executive management is responsible for developing and following up on CP strategies, objectives, and policies, including financial, social, and environmental performance, under the leadership of the group CEO.
Implementation
This Business Code of Practice summarizes policies common to all entities in our organization. Our behavior is guided by these internal policies, helping us to increase the value of Chicago Pneumatic.
These policies, along with other principles, guidelines, and instructions, are gathered in The Way We Do Things , an internal database accessible to all employees through the group’s intranet. It is the responsibility of each employee to be familiar with and adhere to the content of The Way We Do Things . Appropriate training is provided through our Circles program, which is mandatory for all new employees. We inform key stakeholders about our Business Code of Practice.
Based on the policies described in The Way We Do Things , operational units prepare strategies and implementation plans.
Follow-up procedures are established for each policy. Social and environmental performance indicators are reported and followed up on a group level. Risk assessments in relation to our key stakeholders regarding legal, as well as social and environmental performance, are reported at board meetings.
To safeguard the implementation of our policies, internal audits are conducted on site.
Source: http://www.cp.com/en/whoweare/businesscodeofpractice/accountability/
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