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Our Code of Conduct

The Seco Code of Conduct contains policies, guidelines and instructions that shall guide all Seco Group employees in their daily work.

Seco's Code of Conduct is founded on the organisation's financial, environmental and social responsibility. It governs how Seco should act as a responsible employer, member of the community and business partner, and is also a natural part of work with the Group's suppliers. The Code of Conduct encompasses all employees across the globe.

The Code of Conduct is a set of policies and rules, which forms the basis for Seco management systems and the continuous improvement of financial, environmental and social performance. It has been established on Group level as from February 2005.

1 General Statement

Seco is committed to increasing its value to customers, employees, shareholders and other stakeholders by profitably providing products and services to worldwide markets. At the same time Seco shall uphold a high level of ethical standards and be a good citizen worldwide.

Seco, and its employees, shall comply with the laws of all countries in which it operates, as well as Seco Code of Conduct.

Seco shall conduct its business operations in accordance with the OECD Guidelines for Multinational Enterprises.

It is the responsibility of all employees to ensure, by seeking advice where appropriate, that they are aware of all relevant laws, practices and codes of practice.

Seco employees at all levels play an important role in Seco financial, environmental and social improvement efforts. They shall be properly trained, and they are accountable, within the scope of their responsibilities, for Seco sustainable performance.

Responsibilities in the event of non-compliance
Complaints about non-compliant behavior can be made to the nearest supervisor, or if there is reason to believe that this will be ineffective, to next management level or to the manager of Seco Central Human Resources Department. All complaints will be taken seriously and investigated where appropriate. There must be no retaliation for good faith reporting of code violation or participating in the Company's investigation of a complaint.

It is the responsibility of each Seco manager to report any case of fraud or other wrongful conduct to the manager of Seco Central Human Resources Department. In the case of non-compliance with Seco Code of Conduct, there will be prompt disciplinary consequences ranging up to and including dismissal.

2 Accuracy of records and finance

Seco shall have accurate record keeping consistent with all applicable standards. This applies to each and every detail of the business. All employees are responsible for maintaining accurate books and records to efficiently manage our business.

3 Business operations

Seco products and services shall be marketed and sold fairly and honestly on the basis of their quality, capabilities, price, service level and other legitimate attributes.

Business Courtesies

Seco employees may not give or accept gifts, favors, entertainment or other inducements unless they: are consistent with common business practices are not excessive in value and cannot reasonably be construed as a bribe or payoff do not violate applicable law will not embarrass the Company or the employee if publicly disclosed


Bribery
Seco employees shall not, directly or indirectly, offer, promise, give request, demand or accept a bribe or other improper benefit to obtain or retain business.

Antitrust and Competition Law
Seco hall comply fully and in good faith with the applicable antitrust and competition laws and regulations in countries where we operate.

Supplier/subcontractor relations
Subcontractors will be evaluated and selected on their ability to do the required job competitively and meet the Seco Tools Code of Conduct.

4 Labor

Health & Safety
Seco shall provide a safe and healthy working environment and shall take reasonable steps to prevent accidents and injuries.

Workplace violence, including threats, threatening behavior, harassment, intimidation, assaults and similar conduct, will not be tolerated. Firearms are not permitted at any Seco facility.

Equal Opportunity
Seco shall ensure equal employment opportunities for all qualified individuals, without distinction or discrimination because of age, race, color, national origin, religion, sex, disability or other characteristics protected by applicable law.

Drugs and Alcohol
Seco employees are not allowed to distribute, possess, use or work under the influence of drugs or alcohol on any Seco premises, or in connection with Seco business without local authorization.

Unlawful Harassment
All employees shall treat one another with courtesy, dignity and respect, regardless of gender.

Seco shall not tolerate sexual or other unlawful harassment involving the solicitation of sexual favors, the initiation of sexual advances by one employee toward another or other unwelcome conduct that creates an offensive or intimidating work environment.

Seco managers, supervisors and executives shall be alert to the possible presence of unlawful harassment in the workplace and shall take appropriate steps to prevent any form of such harassment.

Compensation
Seco shall ensure that:

  • wages paid at least meet the legal or industry minimum standards.
  • information on wages and benefits is communicated clearly and regularly for each employee
  • wages and benefits are rendered in full compliance with all applicable laws
  • labor hire arrangements and apprenticeships are not undertaken to evade the Group's obligations to personnel under applicable laws, social security legislation and regulations.


Working Hours
 
Seco shall comply with applicable laws and industry standards on working hours.

Forced Labor 
Seco shall:

  • Guarantee that working hours and working conditions will comply with all statutory requirements. All employees will be treated with respect and no employee will be subject to corporal punishment or coercion of any type.
  • Not engage in or support the use of forced labor.


Freedom of Association

Seco respects the right of employees to form and join labor unions within the law of the country where they reside.

Child Labor 
Seco shall neither tolerate the use of child labor when conducting business, nor accept products from suppliers and subcontractors that utilize child labor in their contracting, subcontracting or other relationships for the manufacture of their products.

5 Environment

Matters pertaining to the environment, health and safety are an integral part of Seco total operations. Continuous improvements are achieved in these areas through management by objectives. We consider that the greatest effect is achieved through preventive action.

We adhere to an approach that results in long-term sustainable development. Consequently, we strive for high efficiency in the use of energy and natural resources, promote systems for recovery and recycling of materials and work to prevent and minimize contamination.

We strive to offer working conditions that stimulate employees to perform effectively assume responsibility and continue to develop in their personal and professional pursuits.

We shall comply with or exceed environmental requirements set by applicable laws, ordinances and international agreements. We consider that common and environmentally effective requirements and standards should be established at an international level.

6 Community Involvement

Community Contribution
Wherever Seco operates, good relations shall be regarded as fundamental to long-term success. Knowing that each local community is different, the policy of Seco Tools is that every Seco company shall strive to understand and interact constructively with its local communities and to assist in their development. To meet this policy Seco encourages its employees to participate in community programs and initiatives that benefit the people in the community where Seco operates.

Political Contributions 
Seco will not contribute financially to political parties or politicians. Seco will not make any contribution, directly or indirectly, to any candidate for public office, political parties or other political organizations. Employees may not be given time off with pay for political activity, although time off without pay may be possible if consistent with local policies and laws.

Sponsoring and Endowments 
Seco perceives that its most important contribution to the communities where it operates is to perform its basic business activities as effectively as possible following the principles of the Code of Conduct. Seco sponsoring and endowment initiatives shall be delivered through local business units, focusing on programs supporting culture, education, sports or other proactive social and humanitarian programs.