Saab 2012 Annual Report Download - page 58

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54 SAAB ANNUAL REPORT 2012
ADMINISTRATION REPORT > RISK AND RISK MANAGEMENT
and ensure its implementation. In 2012 we worked continuously to
secure the implementation of the process through supportive edu-
cation and continuous improvements. This will continue in 2013.
Compliance risks
Saab has clear guidelines on how to act in contact with customers
and society. We do business all over the world and have rela-
tions with customers and other stakeholders on all continents.
Our commitment is to act ethically correct in all that we do based
on current legislation, our own Code of Conduct and common
industry standards. We shall be a long-term and reliable business
partner that promotes an open and transparent market. The risk
involed when doing business is when we break our commitment.
Management of compliance risks
Our Code of Conduct has been based on OECD’s guidelines and
the UN Global Compact. In 2011 we joined Global Compact and
have thus commited ourselves to externally report according to
these ten principles. All employees have been provided informa-
tion on the new code and are expected to familiarise themselves
with its contents and follow its guidelines.
Saab has implemented a risk-based approach to corruption
meaning that every business transaction and market activity shall
be preceded by a corruption analysis. To facilitate the analysis
Saab has developed a special tool (“Corruption Risk Assessment
Tool”). It helps to point out factors that typically are designed to
inuence corruption. All employees within the marketing and sales
organisation are trained in the signicance of the requirements for
business managers to perform a corruption assessement in rela-
tion to every business transaction. During the year Saab continued
training efforts within this area, that also includes knowledge of
existing legislation, rules and regulations and Saab’s processes for
hiring consultants and other advisors.
The use of market consultants and other advisors are normal in
a complex world. At Saab every such cooperation shall be tested,
evaluated and motivated centrally. There is a clear decision-mak-
ing process to be followed, and every decision shall be preceded
by a thorough analysis. Saab has also introduced training for
market consultants that are hired. To have undergone the training
and signed a commitment stating that they are following Saab’s
guidelines are prerequisite for further cooperation.
In 2013, the existing training program will be complemented by
a web-based anti-corruption training. All employees exposed to
any form of corruption risk shall undergo the training.
Environmental risks and liabilities
The most important environmental risks are improper manage-
ment of hazardous chemicals, res in buildings and plants, and
soil contamination. For more information on environmental risks
and liabilities, see Note 48.
Management of environmental risks and liabilities
The operations in Linköping and Karlskoga are subject to Europe’s
Seveso law, which is designed to reduce risks in connection with
the large-scale use of chemicals. Against this backdrop, we have
introduced strict routines for risk assessment, supervision and
control of chemicals. Strict routines are also applied to purchases
of chemical products. Health and environmental information on
chemical products is available in the Group’s chemical data system.
Saab works actively to assess and minimise re risks in its
operations. Since a re in a production facility can cause extensive
environmental damage to the local area, effective re prevention is
an important part of the efforts to reduce environmental risks.
We analyse our operations and properties around the world to
assess Saab’s risk exposure resulting from soil contamination.
If a contaminated area is identied, liability is determined and
an overall risk assessment is conducted. Information on contami-
nated areas is documented as it is received. An insurance solution
to manage soil contamination cases has been in place since 2009.
Overall risk assessments are made to determine how operation-
sare affected by climate change. These risks are reported within
the framework of reporting for the Carbon Disclosure Project (CDP).