Code of Conduct
The Aalberts group is committed to conduct its business with honesty and integrity, to follow the law and to make sure that each employee and business partner is treated respectfully. Aalberts is proud of its excellent reputation as a responsible and reliable partner.
Notwithstanding local company specific values, business principles or other local codes already in place, this code of conduct contains the seven main business standards as rules of ethical behaviour all Aalberts employees must follow.
In some circumstances however it may be uncertain how a business standard should be explained and followed. This code of conduct therefore includes annexes providing (i) further explanation, (ii) examples and (iii) a Q&A per business standard. When in doubt, please discuss with your manager or send your question to Aalberts.
Download Code of Conduct
1. Business integrity
1.1 Compliance with laws
Aalberts must comply with all (local) laws and regulations applicable to its business activities. Aalberts trusts you to make yourself familiar with the applicable laws and regulations and ask your manager how to comply with them. For competition laws reference is made to Annex “Avoiding anti-competitive conduct” and for export control laws reference is made to Annex “Export control”. Avoiding anti-competitive conduct Export control
1.2 Prevention of fraud
Aalberts Industries expects you to conduct your work in a reliable and honest way, not to steal or misuse any company property or property of your colleagues nor to mislead anyone or set up a scheme with the intention that you benefit in a way that was never intended by Aalberts Industries. Further explanation and examples are set out in Annex “Prevention of fraud”. Prevention of fraud
1.3 No corruption or bribery
Do not in any way (try to) bribe another person, organisation or company. You shall not offer or accept anything of value from someone with the intention to obtain assistance in business matters. Aalberts avoids any appearance of bribery or conflict of interest under all circumstances. Therefore, you should never accept (or offer) a gift or entertainment with a value exceeding EUR 100 or the local currency equivalent. Should you reckon that declining or not offering will be against (local) business courtesies, please discuss with your manager. Further explanation and examples are set out in Annex “No corruption or bribery”.No corruption or bribery
1.4 Avoid conflicts of interest
Avoid any situation where your judgement might be affected as a result of conflicting loyalties between Aalberts and another person or business. Can your involvement in such situation be fully disclosed without embarrassing yourself or Aalberts? If not, inform your manager so that neither your nor Aalberts’ integrity will be at stake as explained in Annex “Avoid conflicts of interest”.Avoid conflicts of interest
1.5 Accurate accounting and reporting
All books, records, accounts and financial statements, time and expense reports should be recorded consistently and accurately, reflecting the true view and conforming to all applicable legal requirements and internal control policies. Further guidance is provided in the internal “Accounting Manual”.
1.6 Insider trading
The shares of Aalberts Industries N.V. are listed on the Euronext Amsterdam stock exchange. Trading Aalberts Industries N.V. shares is therefore statutory restricted for employees, directors and certain other persons connected to the Aalberts group. Disclosure of commercial or financial sensitive information is generally prohibited as it may affect the price of Aalberts Industries N.V. shares. Further guidance is provided in Annex “Prevention Insider Trading”. The Annex “Trading in Aalberts Industries-Securities for Executives” sets out additional rules for Executives when trading in securities.Prevention Insider TradingTrading in Aalberts Industries-Securities for Executives
2. Fair and timely disclosure of informationIn addition to the insider trading rules, any commercial or financially sensitive information regarding Aalberts Industries may not be disclosed to the public nor communicated to the press without consulting Aalberts Industries first. Furthermore, every employee should refrain from disclosing information, by any means of communication, that may harm the image of Aalberts Industries or any of its employees. You may not disclose any confidential information regarding Aalberts Industries, its customers and suppliers. Always take appropriate measures to keep such information strictly confidential.
3. Dealing with suppliersAalberts companies must select their suppliers on the basis of objective comparison criteria, including commercial conditions, reputation, sustainability and reliability. Suppliers that adhere to the standards as reflected in this Code of Conduct should be contracted by preference.
The supplier code can be found here.
4. Responsible work conductAalberts’ IT and communication systems are built for business purposes. The capacity, software and security are not designed for private purposes and any use for private purposes should be limited as much as reasonably possible. During office hours it is therefore prohibited to regularly use private e-mail or social media, visit websites, download data or install software for private purposes as that can harm Aalberts’ systems or reputation. Reference is made to Annex “Responsible work conduct”. Responsible work conduct
5. Responsible work environmentAalberts strives continuously to improve health and safety aspects within your work environment. The management and each employee is responsible for creating and maintaining a workplace culture that is free of harassment and discrimination, respecting all colleagues. Alcohol is not permitted in Aalberts facilities although exceptions can be made for special events. Any use of drugs is strictly prohibited. Reference is made to Annex “Responsible work environment”. Responsible work environment
6. Corporate responsibilityAalberts Industries is committed to take its responsibility in the field of energy, waste, purchasing, personnel, health and safety very seriously and each of you is expected to do the same. Read more
8. Speak up!In preventing misconduct, everyone working for Aalberts has responsibilities and obligations of his own. The way we deal with our own observations is extremely important in that respect. This Speak Up! Annex provides an overview of what is expected within Aalberts, and why. Reference is made to Annex “Speak up!”. Speak up! annex
Go to Speak up! form