Ethics

Our goal is to conduct our business with integrity and in line with our values. The Skanska Code of Ethics and Supplier Code of Ethics provide the framework that guides us in achieving this.

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The highest ethical standards

Skanska’s goal is to operate with high ethical standards across all our home markets. Our Code of Conduct guides how we conduct our business, while our Supplier Code of Conduct sets out the standards of conduct we expect from our suppliers and other business partners.

Grounded in our values

Our Code of Conduct is rooted in Skanska’s values. They are more than words – they guide how we act every day. They set out our expectations for conducting business responsibly and sustainably and help us remain a trusted partner to our customers. The Code of Conduct helps us put our values into practice every day.

Our values are key

The Code of Conduct guides how we interact with our colleagues, customers, the communities where we operate and other stakeholders. It provides practical guidance on how to act in line with our values, particularly “Act Ethically and Transparently,” and includes examples that help employees apply these principles in their everyday work. For our suppliers, we have a separate Supplier Code of Conduct.

Clear guidance

Skanska’s Code of Conduct is designed to provide clear guidance and is therefore divided into three parts:

1

Our commitments in the workplace

About managing Skanska’s assets responsibly and creating a fair, healthy and safe workplace with an inclusive culture, where everyone feels welcome, can develop their professional skills and grow as an individual.

2

Our commitments on the market

Our relationships are built on respect and mutual benefit. We strive to understand and anticipate the needs of our customers, suppliers, partners and other stakeholders. We act with integrity, responsibly and fairly, and are committed to delivering high-quality work on time and within budget. We always aim to exceed expectations.

3

Our commitments to the society

We are an integral part of society, which is why we continuously look for ways to reduce our environmental footprint, promote fair competition and contribute positively to the communities where we live and work.

Open culture

Our Code of Conduct provides employees with clear guidance, but ethical dilemmas can still arise. We promote an open and transparent workplace culture where ethical issues are discussed regularly, including through a “moment for values” at the beginning of meetings. We want employees to feel confident discussing ethical questions and dilemmas with their managers and colleagues. It is equally important that everyone feels empowered to speak up and report any suspected violations of our Code of Conduct.

Raising concerns

Each Skanska business unit has its own Ethics Committee, which investigates all reported concerns. Concerns can be reported through several channels, including our Code of Conduct Hotline. The Hotline is available to both employees and external parties, including suppliers and subcontractors.

You can also report concerns via email.

Business Ethics

According to Transparency International, the construction industry has historically been among the sectors most exposed to corruption risks. This represents an important challenge for Skanska. In 2002, we introduced our first Code of Conduct, followed in 2003 by separate Compliance Guidelines designed to support the implementation of its principles. In 2004, as a member of the World Economic Forum’s Engineering & Construction community, Skanska was one of the founding companies of the Partnering Against Corruption Initiative (PACI), whose principles promote a zero-tolerance approach to bribery and corruption.

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Contact

Man wearing a navy blue suit with a light blue tie against a neutral background.

Ondrej Navrkal

Head of the Legal Department

Man wearing a navy blue suit with a light blue tie against a neutral background.

Ondrej Navrkal

Head of the Legal Department

Ethics