Responsible, sustainable and effective

As a Swedish public limited liability company with shares listed on Nasdaq Stockholm, the framework for Alfa Laval’s corporate governance is dictated by external rules as set out, inter alia, in the Swedish Companies Act, the Swedish Annual Accounts Act, the Nordic Main Market Rulebook for Issuers of shares (‘Main Market Rulebook’) and the Swedish Corporate Governance Code (‘the Code’). These provisions are supplemented by internal principles and regulations, including governing documents with guidelines and instructions as well as procedures for control and risk management. At Alfa Laval, these internal governing documents include the Articles of Association, the Board and CEO instructions as well as Alfa Laval’s business principles and governing policies.

Acting in society and reaching business goals

In today’s society, human impact on our planet is in constant focus. As new legislation becomes increasingly stringent, a sustainability paradigm is taking deeper root in society. This paradigm is leading many companies, including Alfa Laval, to voluntarily take initiatives aimed at improvements. At Alfa Laval, such initiatives are, inter alia, reflected in the Group’s Business Principles. Alfa Laval’s four Business Principles, Planet, Transparency, Caring and Committed, guide all of the Group’s work and describe how Alfa Laval is to act in society and how the individual business goals are to be achieved – in other words, ethically and sustainably. Adhering to the Business Principles means that there are many occasions and situations where Alfa Laval can contribute to a more sustainable future and to the success of Alfa Laval’s customers, people and the planet. All employees at Alfa Laval are to comply with the Business Principles and are encouraged to bring to light anything that conflicts with these principles, either to their immediate supervisor, the HR department or through the whistleblower tool ‘Speak up!’ Alfa Laval’s Business Principles were recently revised and now contain a more distinct Code of Conduct.

As a part of its internal work, Alfa Laval regularly reviews its governing documents to ensure they are relevant and consistent with applicable laws and developments in terms of, for example, the Group’s Business Principles. During the last years, Alfa Laval’s Business Resilience Management Policy, Intellectual Property Right Policy, Data Privacy Policy, Inclusion & Diversity Policy, Insider Policy, Bid Process for Contract Based Sales Policy, Information Security Policy and Export Control and Trade Sanctions Policy have been reviewed and revised.