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SUSTAINABILITY LIBRARY 2023 Business ethics Anti-Corruption

Anti-Corruption

Corruption refers to abuse of power for personal gain. The negative effects of corruption are wide-ranging. Corruption affects individuals, organizations, and society as whole. Corruption increases inequality, decreases accountability and political responsiveness. Corruption and bribery are harmful for business. 

Corruption has significant negative impacts on human rights such as undermining the independence and integrity of the judiciary, it can negatively impact freedom of expression, freedom of association, right to education, right to health, right to basic services and right to workIt is therefore important to contribute to fighting corruption.

Working actively with fighting corruption can help upholding the rule of law, promoting economic growth, protecting human rights, ensuring fair competition and building trust in institutions.

The Group has zero tolerance for corruption and money laundering. Lerøy has developed Anti-Corruption policy and procedures which expresses the company’s core values of integrity and responsibility as well as aims to effectively counter corruption and money laundering. Taking appropriate measures targeting the two has been defined as one of the priorities of the Group.

Implementing anti-corruption measures is an integral part of our corporate responsibility protecting our reputation and the interests of our stakeholders.  

Lerøy reports Compliance-related matters quarterly and to the best of our knowledge the company has not been involved with any negative impacts through our activities or as a result of our business relationships 

I 2022 there were zero confirmed incidents of corruption and no employees were dismissed or disciplined for corruption.

There were no confirmed incidents where business partners were terminated or not reviewed due to violations related to corruption. No public legal cases regarding corruption were brought against the organization or the employees/ workers during the reporting period.  

The Group does not support individual political parties or individual politicians but does engage in public debate when in the interests of the Group.