Strong values - A foundation of Fives' Group culture
Fives' global reputation and financial success are a direct result of the strong values that make the foundation of the company's culture. Because the individual conduct of every employee can have a profound impact on the company's performance, each and every employee at Fives must live up to these values, acting responsibly, with integrity, and in compliance with the applicable laws and regulations of countries in which the Group does business.
Fives' Code of Conduct: sharing common rules
Fives has implemented in 2007, a Code of conduct for its employees. It is given to each employee and is available in 13 languages. It is applicable, without exception, to all Group companies.
The code of conduct gives a precise view of the fundamental values of Fives. It is designed to define the principles and rules of conduct of each employee. Beyond compliance with these rules, the Group expects a commitment to these values from each and every individual: applying them to all our professional relationships, understanding them and defending them whenever necessary.
Fives' Directives and Guidelines: Fives' backbone for doing business
This document sets the standards to which Fives' employees conduct their activities, and also to which the Group holds its clients, suppliers and sub-contractors as well as agents, consultants, distributors, and other third parties who represent the company or its products worldwide.
This comprehensive document gives a clear framework for Fives' management teams - whatever their country of operation, their activity or affiliated historical background.
Fives' public commitments and recognition
In 2000, the United Nations introduced its Global Compact as a strategic policy initiative for businesses based on the promotion and implementation of 10 universal principles. These 10 principles provide a framework for compliance with human rights, labor standards, environmental and corruption prevention measures.
The Fives group officially joined the UN Global Compact on April 14, 2011.
Each year, the overall progress made by the global CSR (corporate social responsibility) program of the Group and how that progress relates to the commitment made by Fives to respect and promote the 10 principles of the UN Global Compact is disclosed in the CSR and Annual report.
These 10 principles of the UN Global Compact are:
GC 1. Businesses should support and respect the protection of internationally proclaimed human rights; and
GC 2. ensure that they are not complicit in human rights abuses.
GC 3. Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
GC 4. the elimination of all forms of forced and compulsory labor;
GC 5. the effective abolition of child labor; and
GC 6. the elimination of discrimination in respect of employment and occupation.
GC 7. Businesses should support a precautionary approach to environmental challenges;
GC 8. undertake initiatives to promote greater environmental responsibility; and
GC 9. encourage the development and diffusion of environmentally friendly technologies.
GC 10. Businesses should work against corruption in all its forms, including extortion and bribery.