Loomis AB

Lobbying Governance

AI Extracted Evidence Snippet Source

The Code of Conduct is reviewed and adopted annually by the Board of Directors. The Global Rights at Work Instruction is adopted by the President and CEO. Loomis aims to extend the work with these policies to also include the company's approach to workforce engagement, workplace accident prevention, and measures to provide remedy for human rights impacts, during 2025. [...] The Chief Human Resources Officer at the company is responsible for ensuring that engagement with these stakeholders occurs as planned, and that the results pertaining to such engagements inform the company's approach to the impacts on the employees. [...] To enable the company's workers to raise any concerns, a third party operated whistleblower platform, the Integrity Line, is available, allowing anonymous reporting. This is promoted through posters at all Loomis' sites and made accessible to all employees via links on the corporate and local websites. The Integrity Line is available in all languages spoken in the countries where Loomis operates. The reporter can choose to address the issue to the local management team, to the Group Management Team, or directly to the Chair of the Audit Committee. Reports submitted to the Group Management team are handled by the Chief Human Resources Officer and the Chief Risk Officer. Retaliation against individuals using the platform is strictly prohibited and this is stipulated in the company's policy for workers' rights. [...] The Code applies to all Loomis' employees, including part time employees, temporary staff, managers, and the members of Board of Directors of Group entities. The Code, which is reviewed on an annual basis, has been adopted by the Board of Directors of Loomis AB. The Chief Executive Officer (CEO) has the overall responsibility within the Group for the Code of Conduct. The CEO has delegated the functional responsibility to the Chief Human Resource Officer (CHRO). [...] Loomis ensures proper management of business conduct by equipping the Group Management Team and Board with expertise from relevant areas. In particular, one member in the Board of Directors has extensive experience from previous positions within the field of Financial Crime Prevention and one member in the Group Management Team has knowledge of compliance, anti-corruption and bribery and financial crime prevention. Both the Group Management as well as the Board of Directors have access to further expertise within the organization.

https://www.loomis.com/-/media/Files/Loomis-Corporate/Reports-and-Presentations/Annual-Report/Loomis-Annual-and-Sustainability-Report-2024.pdf