Anti-corruption

NKT Cables engages in transparent business relations and with partners adhering to the same UN Global Compact principles. We are committed to taking responsible corrective action wherever and whenever NKT Cables detects deviations to these principles.  

NKT Cables' management has established rules and guidelines based on these principles and encourages our employees to view them as non-negotiable.

Local management teams must annually sign a Statement of Representation to ensure knowledge and adherence to set of rules.

A whistleblower system is being rolled out in NKT Cables. The system is designed to let all employees raise concerns so that wrongdoings or irregularities that may arise can be stopped, thus protecting the companies in the NKT Group and its stakeholders. Management support for this system sends a clear signal to everybody that we will act on wrongdoings or irregularities.

Although not being an anti-corruption case it must be addressed that after the closing of this reporting period NKT Cables received a Statement of Objection from the European Commission in connection with an investigation of the cable market. NKT is now providing its observations. The investigation could take one or two years before being settled. For further information please see the NKT Q2 2011 Interim Report.