Compliance and commitment

Grundfos is a company with high ethical standards and a reputation of honesty and integrity.

We are a global company and operate in many different countries, and across cultures, traditions, local laws and regulations and we therefore need a common set of guiding principles that applies to all Grundfos employee and outlines what we believe to be good business conduct.

The Grundfos Code of Conduct has been continuously updated and strengthened in order to improve our corporate governance. In 2009, the Code of Conduct was extended to include all aspects of the UN Global Compact. It focuses on ethics and legal compliances within bribery, entertainment and gifts, fair and lawful competition, conflict of interest, confidentiality, acceptable accounting, human rights, labour rights, environment, and political contributions.

The Code of Conduct is signed every year by all Grundfos General Managers.

As a supplement to the Code of Conduct, we launched in 2012 a new Code of Conduct handbook, CODE OF CONDUCT – how we practice it. The new handbook is a practical guide to all managers and employees to understand the principles of our Code of Conduct and how to put these into practice. Also, the handbook is a helping hand when handling difficult situations and dilemmas.

The Code of Conduct handbook is handed out to all employees in the Grundfos Group and exists in 10 different languages.

UN Global Compact

Grundfos has committed itself to the UN Global Compact and the ten principles in the areas of human rights, labour, environment and anti-corruption. In the Sustainability reporting, we disclose to stakeholders our progress made in implementing the ten principles of the UN Global Compact, and in supporting the broad 2015 UN Millennium Development Goals.

To further strengthening our support, Grundfos has signed the Caring for Climate initiative and the CEO Water Mandate.