Key company policies and principles

Our work at Ramirent is based on systematic policies and principles that guide and define the way of conducting business.

OUR CODE OF CONDUCT: The Code of Conduct states our ethical principles and addresses anticorruption, the right for collective bargaining, and zero tolerance for child labor, forced labor and discrimination. New employees are familiarized with the Code of Conduct, and it is an important tool in our continuous work to prevent misconduct. We also expect of our customers, suppliers, and other cooperation partners to show respect for everyone’s equal worth. Violations of the Ramirent Code of Conduct are reported to Ramirent’s Executive Management Team.

SPEAKING UP TO BUILD A BETTER RAMIRENT: Ramirent has a whistleblowing system in place that gives all employees a possibility to report any suspected financial misconduct or other fraudulent activities anonymously or with their own name. The service is available in the local languages of our operating countries. Suspected misconduct is investigated immediately and confidentially after which measures are taken.  The whistleblowing reports are reported to Ramirent’s Board of Directors and its Working Committee.

QUALITY POLICY: Our industry expertise and belief in continuous improvement enables us to deliver increased value to our customers. Ramirent’s Quality Policy summarizes what this statement means in daily operations.

OCCUPATIONAL HEALTH, SAFETY AND ENVIRONMENTAL POLICY: By investing in knowledge, skills and precautions for health, safety, and environmental matters, we not only develop our own business operations but also promote the safety of the environment and our stakeholders. The policy states what this statement means in Ramirent’s daily operations.

RISK POLICY: The goal of Ramirent’s risk management is to support our strategy and achievement of objectives by anticipating and managing potential threats and opportunities. Regular risk assessments are conducted as a part of the business planning and follow-up. The policy is developed based on the COSO ERM Framework and the ISO 31000 'Risk management - Principles and Guidelines' standard.

INTERNAL CONTROL SYSTEM: The internal control process aims to ensure that Ramirent’s operations are run in effective and efficient way, assets have been safeguarded and illegal and fraudulent activities are prevented, the management information is reliable and transparent, and the operations follow the Ramirent’s way of operating and local laws and regulations. Internal control is based upon the framework by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and comprises five principal components: the control environment, risk assessment, control activities, information and communication, and monitoring.

CORPORATE GOVERNANCE: Ramirent complies with the Finnish Corporate Governance Code 2015 set by the Securities Market Association, as well as with the Finnish Companies Act, other applicable legislation, and Ramirent’s Articles of Association. More information is available in the annual Ramirent Financial Statements and at www.ramirent.com.


Share this page