Hexagon Annual Report 2019

67 2019 AT A GLANCE FROM THE BOARD ROOM FINANCIAL STATEMENTS Sustainability Report ANTI-CORRUPTION AND INTEGRITY Hexagon fosters an organizational culture based on integrity and high ethical standards in order to maintain its high quality of products and be a trusted business partner. The board of directors and management of Hexagon are committed to carrying out the business fairly and openly with no tolerance for corruption. Hexagon works proactively to design, implement and monitor procedures in order to prevent corruption. All Hexagon’s employees dealing with governmental authori- ties, customers, suppliers and partners are expected to have requisite knowledge of policy and guidelines regard- ing gifts, benefits, and entertainment enabling them to assess situation that are or potentially may be, in violation of our policy and guidelines. Hexagon has several policies that guide its day to day business dealings including: • Human rights policy • Anti-corruption policy • Code of conduct • Corporate governance principles Hexagon’s anti-corruption policy and guidelines apply to all business entities controlled and consolidated into Hexagon Composites. Hexagon evaluates various risks related to our supply chain on a regular basis. Hexagon has assessed the risk of corruption to ensure that relevant anti-corruption measures are in place and are complied with. No high-risk corruption factors were identified, and Hexagon received no fines related to anti- corruption or anti-competitive behavior in 2019. Hexagon provides regular anti-corruption and competition legisla- tion training, as well as practical training within responsible sourcing. WHISTLEBLOWING Hexagon strives to maintain a transparent business climate with a focus on business ethics, where difficult or undesir- able incidents can be discussed and resolved. However, circumstances can occur which require other channels of communication. Hexagon encourages all its employees to contact respective line managers, local compliance officers and/or HR in these situations. Agility also offers a dedi- cated hotline via a third-party vendor which is available to employees in multiple countries. There were two incidents reported in Agility in 2019. HR and legal investigated both cases and no improper behavior was found. Cyber Security The increase in cybercrime threats have made it extremely important to manage cyber security as digitalization is an integral part of doing business. Hexagon’s objective is to minimize cyber security risks and to foster a risk prevention culture in the organization. Hexagon uses technical measures such as performing security assessments, patching of known IT security vulnerabilities as well as utilizing anti-virus software, firewalls, private networks and providing secure access to its resources. As an integral part of this risk mitigation, Hexagon also incorporates employee awareness programs on how to use its technology securely, including how to identify cyber-attacks. Hexagon believes that its security measures, organiza- tional awareness programs, and increased focus on cyber security equips it well to protect both its employees and its intellectual property. In 2019, even though we experienced external cyber- attacks, Hexagon incurred no significant financial losses related to these events.