Wärtsilä's Code of Conduct, Anti-Corruption Policy, as well as specific policies implemented for sales intermediaries, namely Agent, Broker and Distributor Policies, expressly prohibit the company and its employees from offering or accepting any kind of benefit considered to be a bribe, and from taking actions that could give rise to a conflict of interest or breach of loyalty. The policies make it compulsory to comply with the anti-corruption laws of all the countries in which we do, or intend to do, business and urge the reporting of any cases of corruption and bribery. We are aware that the risk of corruption and fraud is heightened in many markets where we operate. Therefore, full compliance with a stringent anti-corruption regime is required of all employees. Anti-Corruption risk assessments are carried out regularly as part of our continuous anti-corruption improvement efforts.
In 2022, no instances of substantiated corruption or bribery were identified. We also maintain an extensive training programme that is mandatory for all employees on anti-corruption principles and applicable legislation, as well as the relevant company policies and procedures. As at the end of 2022, 66% of Wärtsilä’s employees had successfully completed the Anti-Corruption e-learning course. Separate anti-corruption and anti-bribery training sessions and awareness raising actions are also organised on a local level.