Scania Signs Transparency and Anti-Corruption Declaration with Colombia

Scania (STO:SCVA) (STO:SCVB):

The Swedish Corporate Social Responsibility (CSR) Network has been established by the Swedish Embassy in Colombia and developed with the South American country’s Secretariat of Transparency, part of the Presidency of the Republic. Sweden is the first country in Colombia to make this kind of pact.

The vision of Sweden within the framework of sustainable business is that all companies should create value and perform operations that promote sustainable development within, for example, economic, social and environmental areas.

The Swedish Embassy in Colombia is supporting Swedish companies on these issues and leading a network of CSR with a particular focus on four areas: human rights, labour rights, environment and anti-corruption.

The statement of transparency and anti-corruption has guidelines and standards for how companies operate. The guidelines include zero tolerance for corruption, anti-corruption initiatives supported by Swedish companies and a commitment from them to strengthen and implement programs and tools against corruption.

"Scania has always had a focus on transparency in all its operations and that is why we immediately supported this declaration,” says Benoit Tanguy, Managing director of Scania Colombia.

Scania is becoming an increasingly global company and is developing business in new global markets. A key challenge is to ensure that the same high standards and processes are in place wherever the company operates.

"Scania needs to set a good example of corporate responsibility wherever we operate in the world. I think it is very positive that Scania works in partnership with the Embassy and others with urgent areas like these”, says Andreas Follér, Sustainability Manager at Scania.

Scania is one of the world’s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. Service-related products account for a growing proportion of the company’s operations, assuring Scania customers of cost-effective transport solutions and maximum uptime. Scania also offers financial services. Employing some 42,000 people, the company operates in about 100 countries. Research and development activities are concentrated in Sweden, while production takes place in Europe and South America, with facilities for global interchange of both components and complete vehicles. In 2014, net sales totalled SEK 92.1 billion and net income amounted to SEK 6 billion. Scania’s press releases are available on www.scania.com  (http://www.scania.com/se)

This information was brought to you by Cision http://news.cision.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20150630006662/en/