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Corruption risk management

At Saab, mitigating risks is a crucial part of doing business. That is why we recurringly work to identify and assess corruption risks.

Saab seeks to identify and assess corruption risks and programme improvements in multiple ways. The compliance module of the enterprise risk management (ERM) process serves to rate the corruption risk in Saab’s business dealings. This is done using a method that measures the corruption risk in all business prospects above 50 MSEK against a set of weighted risk indicators and a country risk multiplier. 

Anti-corruption

In addition, Ethics and Compliance performs an annual group-wide corruption risk assessment to identify and manage corruption risks and gaps in Saab’s anti-corruption programme. Data to the group-wide corruption risk assessment is collected from a number of sources including stakeholder workshops, regulatory requirements, external benchmarking, ERM-output and other metrics. 

Local compliance reviews in foreign operations are conducted in person at regular intervals of three to four years to verify compliance and identify improvements to the programme. The result of all assessments and activities are converted into actions in annual activity plans or road maps.

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Milestones

2006

Process for appointment and management of business intermediaries.

2008

Consolidated Code of Conduct.

2009

Introduction of whistleblowing system.

2010

Establishment of group function to manage appointment process for business intermediaries. Formation of Ethics and Compliance Board. 

2011

Corruption risk management instruction. Code of Conduct update.

2012

Appointment of Chief Compliance Officer. Reporting structure to the Audit Committee established. 

2013

Customized anti-bribery e-learning. 

2014

External whistleblowing hotline. Audit programme for business intermediaries. 

2015

Supplier Code of Conduct.

2016

Code of Conduct update.

2017

Externally vetted compensation assessment methodology for business intermediaries. Whistleblowing investigation protocol.

2018

Ethics and compliance portal. Corruption risk management process for industrial partners. 

2019

Annual Code of Conduct certification process for top management. New ABC training strategy.

2020

Update of Business Partner on-boarding process. Launch of group-wide corruption risk assessment.