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.
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.
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.
2021
Introduction of Ethics and Compliance Officers in all Business Areas
Everyone who enters into business with Saab should do so knowing that the relationship is built on solid ground.
