Ethical business practices

Our corporate governance principles and our sustainability ambitions are deeply rooted in how we conduct daily business. We ensure transparency to ethical business culture at Uponor, and track and extensively monitor any potential risk indicators. We manifest uncompromising integrity and doing business the right way across functions.

Sustainability operating model

Our Board of Directors oversees our sustainability agenda and steers the direction, whereas the Executive Committee approves annual plans and the execution of the development roadmap. The sustainability leadership team represents each of our business divisions and is responsible for monitoring and developing Uponor’s sustainability agenda, including target setting. Segment-based sustainability teams, in collaboration with local responsible teams, execute their own development projects to complement our overall sustainability performance.

Uponor sustainability operating model
Culture of compliance

Culture of compliance

We are committed to the UN’s Global Compact Business Ambition and its Ten Principles, which ensures uncompromised business and human rights.

Our Code of Conduct includes zero tolerance for anti-competitive activity, bribery, discrimination, and unethical business behavior. We have established whistleblowing channels, both internal and external, to provide the right tools to address any deviations from our normative and ethical framework.

We organize various compulsory compliance training across our markets, including ESG-related training for all of our 4000+ employees.

Sustainable supply chain management

Active engagement and transparently exchanging information with all our stakeholders is vitally important — not only from the perspective of developing business activities, but also for contributing to sustainable societies.

In 2021, we launched our new Supplier Code of Conduct to commit our supply chain even more closely to our values and ambitions. All new suppliers are required to commit to our ethical, environmental, and social requirements, as well as fulfill our ESG criteria upon supplier evaluation.


Target by 2027:

  • 90% of spend covered by the new Supplier Code of Conduct
Sustainable supply chain management
Protecting the einvironment

Sustainability-linked management incentive targets and loan agreements

To ensure full alignment and sufficient resources on the important mission we have taken on, our management STI and LTI programs are linked to ESG targets.

In 2021, we signed two separate long-term load agreements, worth 70 million Euros, with sustainability-linked performance targets, and in 2022, we signed a new $50 million, five-year revolving credit facility, with its pricing mechanism linked to sustainability targets, linking the margin to greenhouse gas emission reductions.

Our sustainability ratings

  • Ecovadis awarded Uponor with a Silver medal after placing us within the top 15% of plastic product manufacturers.
  • Sustainalytics placed Uponor 7th out of all 135 companies in the industry it assessed, with low-risk ESG rating score: 15.7 on a scale 1-100.
  • Carbon Disclosure Project, CDP, gave us a B- rating on a scale of D- to A.

Tax transparency

Tax and tax-like charges we pay, collect, and remit support the maintenance of society at large and its services. We entirely comply with tax requirements in the countries in which we operate, and further harmonize tax processes to improve visibility to our taxes. We are committed to ensuring that the information we publish in our tax reporting is substantive and correct.

Tax transparency

Moving towards net zero

We track and systematically cut our greenhouse gas emissions along our value chain. We have defined a clear path and set ambitious milestones forward to lead by example and reach net-zero operations by 2040.
 

UN’s Sustainable Development Goals

We give back to society and our communities through various global and local initiatives and projects.

Taking care of our employees

We place people first in everything we do. Our employees are our biggest strength, and supporting individual growth is our privilege.