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Corporate responsibility

Bomek’s commitment

Bomek believes that responsible value creation ultimately provides the best returns. Having sound procedures for ESG (Environmental, Social and Corporate Governance) work, is an important part of Bomek's strategy of maintaining a focus on this area – both in investment decisions and in terms of the company's daily operations.

Furthermore, Bomek is committed to adhering to and complying with fundamental environmental, social and governance principles. The company is dedicated to sustainable growth and value long term profitability that correspond with proper environmental behaviour, social justice and corporate citizenship. To ensure sustainable growth the company must consider its performance and impacts on three key issues: environmental, social and governance issues (ESG issues).

The Ethics Code of Conduct

In its daily operations Bomek shall integrate considerations targeted on good corporate governance, the environment and society at large. Bomek will comply with applicable laws and regulations and act in an ethical, sustainable and socially responsible manner. Respect for human rights and the environment is an integral part of the company's values base.

Bomek's ability to create value is dependent on applying high ethical standards as the basis for a trust-based and binding relationship with the community and owners, employees, partners, customers and suppliers. Bomek will maintain an open dialogue on ethical issues, internally and externally.

Combating corruption

Corruption includes bribery and trading in influence. Corruption undermines legitimate business activities, distorts competition, ruins reputations and exposes companies and individuals to risk. Bomek is against all forms of corruption and will make active efforts to ensure that it does not occur in our business activities.

Bomek may be held liable for bribery or any other corruptive acts by third parties contracted by Bomek or in other situations where Bomek may benefit from bribery or corruptive acts by third parties. Bomek has therefore implemented particular measures to mitigate such risks and will in all contractual relations commit third parties to adhere to the same rules and procedures as apply to Bomek in relation to bribery and corruption.

Bomek will conduct its business in such a way that suppliers, partners and customers can have trust in the company. Suppliers and partners are expected to adhere to ethical standards which are consistent with Bomek's ethical requirements.

Bomek expects that intermediaries act in accordance with its ethical requirements and this condition must be included in the intermediary's contract with Bomek. Intermediaries include agents, consultants and others who, in business activities, act as links between Bomek and a third party.

Whistle Blowing Policy

The aim for this policy is to set out guidelines for internal reporting of conditions of illegal or unethical character. 

Bomek has as a policy where all employees are encouraged to freely speak their mind. This policy is important for the general working environment as well as for the job satisfaction on an individual level. In addition, this is a requirement for the business to be run in the best way possible. Conditions of illegal or unethical character can be damaging for the working environment, the individual and the business. Therefore, it is important that such conditions are managed and dealt with in a proper way.  

Employees who have reason to believe that there are illegal aspects of their operations, should report this. The same applies if the employee discovers violations of business ethics policies or general ethical standards.

Our ESG policy is based on the ten principles of the UN Global Compact

Human Rights

Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
Principle 2: make sure that they are not complicit in human rights abuses.

Labour

Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4: the elimination of all forms of forced and compulsory labour;
Principle 5: the effective abolition of child labour; and
Principle 6: the elimination of discrimination in respect of employment and occupation.

Environment

Principle 7: Businesses should support a precautionary approach to environmental challenges;
Principle 8: undertake initiatives to promote greater environmental responsibility; and
Principle 9: encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption

Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.