Corporate social responsibility
Axactor strives to maintain the highest level of professional standards and places maximum focus and importance upon honesty, integrity, accountability, transparency, and compliance in all aspects of its conduct of business. This includes effectively managing environmental, social and governance matters.
We recognize that businesses have a role to play in solving social challenges. We work to do so through responsible investments, by supporting and developing the skills of our employees, and by offering innovative products that cater to our customers’ needs. This combines faster payments and respectful treatment of debtors, brings down outstanding credits, secures a stronger financial market, and increases the quality of life for many people in financial difficulties.
Axactor focuses and commits to comply with all applicable laws and regulations in all our business activities. We do our uttermost to act in an ethical, sustainable, environmentally and socially responsible manner, practice good corporate governance, and respect internationally recognized human rights principles. Axactor has zero-tolerance for corruption, fraud, money-laundering and terrorist financing. To safeguard compliance and support the effectiveness of such acts, the company will maintain an open and ongoing dialogue on these issues, internally and externally.
This is reflected in among others the:
- Environmental policy
- Corporate governance policy
- Anti-corruption and anti-money laundering policy
- Corporate social responsibility policy
- Privacy declaration
Axactor has in addition a set of internal policies, procedures and guidelines specifying the principles in the mentioned policies.
The Board has established a sustainability report which is enclosed to Axactor's Annual Report for 2020.
Axactor has a sound internal control and system for risk management that are appropriate in relation to the extent and nature of our activities including a risk management framework, monthly business and financial reviews, internal audits and supporting policies, procedures and local processes. The internal control framework shall assure that the operations are effective and aligned with our strategic goals and correct, reliable, complete and timely financial reporting and management information. The risk management framework shall also develop efficiency and control of the business operations in compliance with laws and regulations and our business ethics, as well as profitability and continuity.
Axactor’s internal control and risk management systems consist of a set of policies and procedures covering e.g. our strategy, operations, business ethics, regulatory compliance, and internal and external reporting. All employees receive adequate training. Compliance is monitored, and continual improvement work carried out. Axactor operates a structured risk management process that includes strategic risk, financial risk, reputational risk, technical risk, and legislative and regulatory compliance risk. The Board carries out regular reviews of the most important areas of exposure to risk and its internal control arrangements.