At VERBUND, fair business practices are a matter of course
We are a fair business partner and commit ourselves to being so in our code of conduct.
Already prior to the intensification of the Austrian criminal law on corruption, which views all corporate bodies and employees of VERBUND as office-holders and therefore subject to tighter regulations, we implemented "guidelines for fair business practices, particularly against corruption and bribery" within the group.
For all involved parties, these guidelines determine the framework for dealing with specific items, such as invitations, gifts and tokens of appreciation, but also with other contributions (e.g. donations) or with conflicts of interest. We equally expect our business partners (suppliers, consultants, etc.), to adhere to our principles.
We make the main contents of our Internal Guidelines available in the download area in the form of an Anti Corruption Policy (German only).
The Chief Compliance Officer coordinates the implementation of the guidelines across the group and is the point of contact for reporting, questions and information in connection with invitations, gifts etc., as well as in concrete cases of corruption and bribery. This individual also acts as the point of contact for business partners on these issues.
In addition, the large group companies have so-called compliance delegates who act as the direct contact in the respective company.