Outokumpu

Economic Responsibility

As a listed company Outokumpu is committed to making a profit for the benefit of its shareholders. The company delivers on this commitment by developing and maintaining competitive and profitable operations based on ethical business practices.

 

 

Outokumpu's operations have an economic impact on the local, national and global communities within which the Group operates. Outokumpu pays taxes and employs people both directly and indirectly. Our aim is to generate as much economic added value as possible for our stakeholders in a manner that is sustainable as possible.

Wherever they operate, Group companies participate actively and openly in community development by making charitable donations and providing financial assistance in line with the company's ethical principles and its sponsorship and donation policy.

 

Business conduct

Outokumpu applies principles of good corporate governance and transparent accounting. Meaning:

  • Outokumpu’s governance principles are transparent, and the roles and responsibilities of corporate bodies are clearly defined.
  • Outokumpu condemns unlawful competition measures. Employees receive training to make them knowledgeable about applicable competition laws and policies.
  • Corrupt behaviour and bribery are absolutely unacceptable. Any entertainment or gifts offered or received by Outokumpu personnel must be modest in economic value.

 

Relations to society

Outokumpu’s operations have economic impacts on the local, national and global communities in which the Group operates. Outokumpu contributes to the community well-being through paying taxes, through direct and indirect employment, and other ways of community involvement. Meaning:

  • Outokumpu participates actively and openly in the life of communities where it operates.
  • Outokumpu makes donations to various charitable enterprises and events in line with its ethics.
  • Outokumpu supports research and development related to its field of industry and maintains close co-operation with educational institutes.
  • Outokumpu does not support nor give donations to political organizations.