Legal and ethical business dealings
Compliance with the law and Givaudan policies
Givaudan is a responsible corporate citizen. All employees play an important role in this. It is critical that we comply with all laws applicable to our business in the countries in which we operate. We adhere to the high ethical standards reflected in these Principles as well as all other Givaudan policies even if such policies go beyond the legal minimum in the country in which we work.
Bribery and corruption
We have zero tolerance for bribery and corruption, and we do not make facilitation payments. We do not offer, either directly or indirectly through a third-party, any illegal payments, kickbacks or any other advantages to any official of any government, political party or government-controlled entity, nor to any person working for a private sector entity, for the purpose of improperly obtaining, retaining or directing business or other services.
Our Principles of Conduct and our Global Anti-bribery, Gifts, Entertainment and Hospitality and Charitable Giving and Community Support policies state our zero tolerance for bribery and corruption. Our anti-corruption compliance is managed as part of the Givaudan compliance management system and is regularly reviewed by the Corporate Compliance Officer. All employees are trained in anti-bribery compliance depending on their risk level and are empowered to report inappropriate behaviour in confidence through our Compliance Helpline. Charitable contributions and sponsorship are disclosed and we have a procedure for the selection and engagement of our sales agents and distributors in place.
Gifts and entertainment
We believe that business should be sought and obtained on the basis of quality, service, price and suitability, and not for any inappropriate reason. We do not solicit or accept gifts, entertainment or hospitality from third parties in connection with our business, except where we may give or accept nonmonetary gifts of insignificant value and accept and give reasonable entertainment and hospitality.
We believe in a fair, competitive and healthy free market system in which we can compete vigorously but fairly. We conduct all our efforts in the marketplace in accordance with all applicable antitrust, competition and trade practice laws.
We believe in ‘a level playing field’ as the basis of the functioning of capital markets, including the transparency of financial markets as well as the fair and equal treatment of investors. We do not take unfair advantage of any non-public information that may have an impact on the price of Givaudan shares in order to perform transactions on any Givaudan securities or encourage others to perform such transactions.
Givaudan is committed to and adheres at all times to the highest ethical standards in business conduct. Every day in all our business activities, we comply with external laws and regulations as well as with our policies, practices and procedures. We facilitate a culture where we can freely discuss and report ethical and legal issues.