Huhtamaki Oyj : Culture is the cornerstone of ethical behavior

Corporate Governance forms the basis for how we work and how we are organized at Huhtamaki. It is important both internally and externally and applies to every one of us.

Internally, it starts with and is built on our values: Care Dare Deliver. We value integrity and we want to do what is right, wherever we are in the organization.

Externally, good governance and ethical behavior are the cornerstone of a global company's operations - our customers and other stakeholders expect us to be a safe pair of hands as well as to work and act with highest ethical standards. It goes without saying that all applicable listed company regulations and governance reporting requirements providing transparency towards our shareholders and investors are strictly followed by Huhtamaki.

At Huhtamaki, we take ethics and compliance very seriously. Shared ethical principles and company guidelines mean nothing if they are merely written on a piece of paper or appear on a website and employees do not understand how to apply them in practice.

Our Code of Conduct works as a compass enabling us to navigate and resolve professional and ethical dilemmas if they arise; it empowers us to maintain consistent ethical judgment in our daily work. We organize a yearly mandatory Code of Conduct training for all our employees. In 2020 we got all time high participation rate with 95% of our employees completing the training, and I want to thank all our colleagues for that! Our Speak Up channel empowers our employees anywhere in our organization to raise concerns so that these are addressed quickly and resolved efficiently.

Corporate culture is the cornerstone of operations. When the culture is deeply rooted in doing what is right, you do not cut corners and become involved in activities that could potentially endanger your employees, your customers or your reputation. This provides us with our license to operate globally and is a founding block of our success today and tomorrow.