12:00 PM | March 14 2018

Volvo Cars listed as 2018 World's Most Ethical Company

Volvo Cars is one of only three car manufacturers to be recognised for its ethical business practices.

Volvo Cars has been recognised as one of the world’s most ethical companies for a second consecutive year.

The premium car maker is one of only three manufacturers to be listed as a 2018 World’s Most Ethical Company by the Ethisphere Institute – a global leader in defining and advancing the standards of ethical business practices.

“Responsible business is a fundamental part of Volvo Cars´ culture and way of operating, and something we continuously promote internally as well as with our business partners,” says Håkan Samuelsson, President and CEO of Volvo Cars.

“An ethical approach to business is not only the right thing to do, but also brings financial value and helps attract and retain the best talent. We are proud that we have been recognised as one of the world’s most ethical companies for the second consecutive year.

”Maria Hemberg, Senior Vice President Group Legal, General Counsel and Chair of Volvo Cars’ Sustainability Board, said the Ethisphere Institute’s assessment process has helped drive the continuous improvement of the company’s Compliance and Ethics programme.

“To be named as one of the World’s Most Ethical Companies for the second time is a welcome acknowledgement of our work to date in promoting ethical and responsible practices, both internally and externally.

”Volvo Cars has established a Compliance and Ethics programme to support its commitment to responsible business, as well as to prevent and mitigate a wide range of legal and ethical risks. As part of this programme, the Code of Conduct and the Code of Conduct for Business Partners, both based on international conventions and standards, set out the principles which employees and business partners are expected to abide by when working for or doing business with Volvo Cars.

Finally, in line with its commitment to fostering an ethical culture, Volvo Cars has developed a broad range of training on ethical business practices for all employees, as well as specific training for managers focusing on behaviour and role modelling.

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