The Transparency Act

ARGUS RS ethical guidelines

Ethical guidelines ensure good ethical practice and define common standards for all managers, employees and board members in the Group.

Our main business area is in the Nordics and the EU/EEA countries, but the company has customers all over the world.

In the risk assessment, we have divided our value chain into three categories depending on the level of risk for indecent working conditions according to the UN's classification of risk countries (Red = High risk / Yellow = medium risk / Green = minimal risk).

In order to avoid or to have a real opportunity to stop the negative impact on human rights and decent working conditions, ARGUS RS introduces its own Code of Conduct for suppliers and business partners as an integral condition for all our business relationships.

Code of conduct for suppliers and business partners

The Code of Conduct obliges the suppliers/business partners to take all relevant and necessary initiatives and measures to ensure the highest possible degree of compliance with the basic requirements. It also gives ARGUS RS the right to demand all relevant information and documentation regarding human rights and decent working conditions from the suppliers/business partners without undue delay. This will enable ARGUS RS to monitor the supplier's/business partner's compliance with the requirements through dialogue, questionnaires, site audits or any other means of verification and control that ARGUS RS chooses to use. The supplier's/business partner's breach of its obligations according to the Code of Conduct gives ARGUS RS the right to terminate any cooperation with the supplier/business partner. Thus, ARGUS RS uses its influence to encourage compliance with the basic requirements. Consequently, the Code of Conduct is a central part of the due diligence assessment in line with the OECD's guidelines for multinational companies of suppliers.

In addition, ARGUS RS carries out risk assessments by carrying out on-site audits during the supplier visits and by following relevant sources of information (e.g. reports from governments, international organizations, civil society organizations, national human rights institutions and the media).

Collected and assessed will also be any information on whether the supplier has taken measures to prevent and mitigate negative impact (for example, guidelines, management systems, evaluations of subcontractors, upgrading of facilities or access to complaint mechanisms).

The suppliers/business partners must give a reason for refusing to sign the Code of Conduct. Such a refusal will be assessed based on the likelihood of serious negative impact on human rights and decent working conditions.

The assessment will take into account whether the supplier or its subcontractor has an activity or production process that has a high risk (characterized by a high degree of informal employment, use of dangerous chemicals, use of heavy machinery, etc.).

In the event that a breach is detected, corrective measures are required immediately from the supplier and the progress of these is followed up. In the event that corrective measures are deemed insufficient, management makes a decision whether to continue the business relationship depending on the severity of the violation and the possibility of future improvements.

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