Suppliers play a significant role in the supply chain of Caverion
as most of the technical systems and solutions designed and
installed by Caverion include components, materials or services
purchased from suppliers.
Purchasing from best suppliers
Caverion has several common suppliers serving the Group’s
demand throughout our operating countries. Major part of
purchasing is done locally in our operating countries using the
selected suppliers. Due to business demand, we put high value
to the close location of our suppliers and their ability to react
rapidly to changing business demands. As a result, the majority
of our suppliers are located in the countries in which Caverion
Business ethics in supplier relationships
Caverion is aiming to build long-term relationships with its
suppliers. All suppliers are treated equally and honestly following
the applicable laws and regulations. We do not tolerate any
forms of bribery or other illegal payments in the relationships
with our suppliers. We regularly evaluate our suppliers, follow
their performance, and assess potential risks. Caverion utilises
a separate Supplier Code of Conduct with its suppliers.
According to the Supplier Code of Conduct, suppliers,
subcontractors, and other business partners shall:
• Respect human rights arising out of international treaties,
in particular the United Nations’ Universal Declaration of
• Comply with fundamental conventions as defined by the
International Labour Organization;
• Ascertain that its own suppliers comply with requirements
that meet or exceed the requirements laid down in
Caverion’s Supplier Code of Conduct.
Caverion operates primarily in developed, transparent markets.
Potential risks relate to the uncertainty or unawareness of
how subcontractors conduct their daily business. The risks of
breach in the area of human rights are predominantly located
further away in Caverion’s supply chain. Caverion has a web-
based reporting channel through which its employees can
confidentially report their observations of suspected misconduct.
In addition, reports can be submitted via email that is read by
the Chief Compliance Officer.
Caverion’s Supplier Code of Conduct was revised in September
2018. Implementation of the revised version started already
during the last quarter of 2018 and will continueduring 2019.
At the end of 2018, around half of Caverion’s total spend was
already covered by the Supplier Code of Conduct. In addition,
there are some supplier relationships in which the business
ethics and standards are governed by the supplier’s Code of
Conduct that meets Caverion’s requirements.