Business ethics

As a market leader in our industry, we have a responsibility to be a good corporate citizen. Our customers have high ethical requirements and we must meet them in order to remain a market leader.

Being a good corporate citizen is a way of attracting and retaining talent. As a listed company, investors, particularly institutional shareholders, monitor how we fulfil our commitment to business ethics.

Our approach

Working with business ethics involves complying with all applicable laws and regulations, as well as our internal policies and agreements with customers and suppliers. We must abide by what is commonly understood as ethical behaviour by our shareholders, customers, employees and subcontractors, and external stakeholders, including the media. By meeting these stakeholder expectations, we will ensure that we remain relevant as a partner, employer and investment opportunity.

Eltel is a signatory to the United Nations Global Compact and its 10 principles on human rights, labour rights, environment and anti-corruption. The UN principles are incorporated into our internal policies.

Code of Conduct

Fair Play is an e-learning programme that presents the fundamentals of our Code of Conduct and other governing policies, including business ethics, whistleblowing, anti-corruption, risk assessment and data protection. The programme is mandatory for all Eltel employees.

Whistleblowing procedure

We work hard to ensure that nothing unethical or inappropriate takes place. However, if something unethical or inappropriate does take place, we need to have the right procedures in place in order to learn about it as quickly as possible. Our whistle- blowing procedure enables employees, partners or customers to report any breach of our Code of Conduct or other policies. Any issue can be reported anonymously via email or phone. It will then come to the attention of Eltel’s General Counsel who will report the matter exclusively to the Audit Committee, which is a permanent sub-committee of the Eltel Group’s Board of Directors. All issues are investigated confidentially before being reported back to the whistleblower.

Related links


Eltel AB POB 126 23, SE-112 92 Stockholm, Sweden

Tel. +46 8 585 376 00 | E-mail: