GN’s Group Business Ethics & Compliance department regularly conducts onsite compliance reviews across all levels of GN, with a focus on anti-corruption and anti-bribery. The department also performs broader planned reviews in collaboration with Group Legal and Group Financial Reporting & Controlling.

The EU Whistleblower Directive has been incorporated into Danish law and GN has established a whistleblower hotline, the GN Alertline, and implemented a Non-Retaliation Policy that ensures the protection of whistleblowers.

GN has established procedures and policies for managing relationships with suppliers to ensure a structured approach to our procurement processes and fair behavior with business partners. All supplier contracts include stipulations for governing late payments and guidelines to manage relationships with our suppliers, as well as SMEs. These procedures are supported by our various policy commitments, such as GN’s Supplier Code of Conduct and Statutory Corporate Governance Reports.

Moreover, we actively engage with our suppliers, considering supply chain risks and sustainability impacts relevant for GN’s value chain. Our procurement process, guided by our Supplier Code of Conduct, sets social and environmental criteria for selecting suppliers. GN’s Sustainability ESG policy further supports our work on ESG topics with our supplier base. As part of GN’s overall supplier engagement, we maintain strong relationships with suppliers to avoid or minimize impacts of disruptions, engage in training, dialogue, as well as conducting regular site visits and audits. All suppliers are screened accordingly on social and environmental performance to further support insights into potential impacts and risks in our value chain. We also encourage all suppliers to be certified or follow the requirements of relevant standards on various sustainability matters, such as the UN Guiding Principles and the OECD Guidelines.

Our procurement process, guided by our Supplier Code of Conduct, sets social and environmental criteria for selecting suppliers. GN’s Sustainability ESG policy further supports our work on ESG topics with our supplier base. All suppliers are screened accordingly on social and environmental performance to further support insights into potential impacts and risks in our value chain.

GN’s Anti-Corruption Policy outlines expectations and requirements to prevent bribery and corruption. It also provides guidance for employees on how to report misconduct or seek clarification on concerns. The policy is communicated through internal awareness campaigns, e-learnings and in-person training sessions. The Policy defines the purpose, scope, ownership, and responsibilities related to the management of anti-corruption. The Policy explains key terminology related to anti-bribery and anti-corruption, among providing guidance on key processes to prevent and detect misconduct. Anti-corruption and anti-bribery training is mandatory for all employees incl. consultants on an annual basis. GN has not registered any convictions and fines related to violation of anti-corruption or anti-bribery laws. GN’s Ethics & Compliance Program is built on the principles of “Prevent, Detect, and Correct” misconduct. This effort includes compliance policies, training, communication, monitoring, and audits. GN’s Group Business Ethics & Compliance department regularly conducts onsite compliance reviews across all levels of GN, with a focus on anti-corruption and anti-bribery. The department also performs broader planned reviews in collaboration with Group Legal and Group Financial Reporting & Controlling.

GN has appointed Group Business Ethics & Compliance department as the designated whistleblower investigation unit, in compliance with Danish law. Oversight of these investigations lies with GN’s Audit Committee, which is updated quarterly on findings and recommendations on cases received through the GN Alertline.

Oversight of these investigations lies with GN’s Audit Committee, which is updated quarterly on findings and recommendations on cases received through the GN Alertline.

GN’s Anti-Corruption Policy outlines expectations and requirements to prevent bribery and corruption. GN has not registered any convictions and fines related to violation of anti-corruption or anti-bribery laws.

The policy is communicated through internal awareness campaigns, e-learnings and in-person training sessions.