Responsible business practices

Compliance with laws, regulations and our Code of Conduct secures our ability to operate in the Finnish society. All Fennovoima employees carry the responsibility for following the law, protecting human rights and promoting justice. We operate with absolute integrity and honesty.

Fennovoima’s Compliance & Ethics Program places special emphasis on the identified key risks associated with business ethics. These are corruption, unjust influence and conflicts of interests, risks related to the supply chain, and risks related to the neglect of legal requirements.

The Compliance & Ethics Program has been approved by Fennovoima’s Board of Directors, and the CEO carries the responsibility for its implementation. In practice, the Compliance unit is in charge of the development and follow-up of the Program, processing of concerns, and providing instructions and training to the personnel. The Compliance unit also processes suspected violations and non-conformities and implements the necessary actions.

In an internal audit in 2018, the compliance management processes were found to be in order.

Compliance & Ethics training

All our employees as well as the consultants working at Fennovoima attend a compulsory Compliance & Ethics training. This aims to ensure that all employees have an adequate knowledge of legislation and appropriate practices.

In 2018, 97% of our own personnel and 52% of the internal consultants (total: 89%) had completed the training on our Code of Conduct within the time limit of four months. In 2017, the combined completion percentage was 88.

Continuous work against corruption

Fennovoima takes corruption very seriously and does not accept it in any form. The risk of corruption has been assessed in all own operations of Fennovoima. We have identified corruption as an essential risk particularly for the international supply chain for the Hanhikivi 1 project. Also in Finland, several reviews have found the construction industry to be one of the industries with the big- gest risk for corruption to occur.

In 2018, we identified one case in which the requirements of openness were not fulfilled. A Fennovoima employee owned shares in a company that was involved in a procurement process, but did not recuse himself from the procurement process or report possible bias in decision-making. A warning was issued to the employee.

In 2018, there were no confirmed incidents of corruption in Fennovoima’s own organization or supply chain.