Legrand Legrand

Act ethically

Observance of the rules of business ethics is one of the basic tenets of Legrand's social responsibility. The Group places an emphasis on corruption prevention, fraud prevention, and fair competition. It also covers conflict of interest, observance of embargoes, and the fight against both money laundering and funding of terrorism. In all these areas, Legrand is committed to promoting awareness in its teams, to training them, and to monitoring the proper application of the Group's compliance programme.

A strong commitment

The signing of the Global Compact and observance of the main universal principles and international reference texts (particularly the Universal Declaration of Human Rights, the Convention and Guiding Principles of the OECD, the United Nations Convention on corruption, etc.) are strong signs of Legrand's commitment to business ethics.

Logo The Global Compact
 

In defining this policy, emphasis was placed on experience sharing with the electrical sector, particularly with GIMELEC, a professional syndicate, and CAPIEL, the coordinating committee for the association of electrical wiring device manufacturers.

The Legrand Group monitors developments in standards and technical laws applicable to the products and facilities within the scope of its activities, through its membership of manufacturers’ associations and by actively participating in the national, international and, in particular, European work of the standardization committees. It acts in strict compliance with national and international regulations and in agreement with the principles of the Guide to Good Business Practices.

 

Our responsibility is to raise awareness and provide training to all employees concerned on the Group's commitments in terms of business ethics

To apply the principles of business ethics, you need an awareness of the subject. It is therefore essential to provide continual employee training. That is why Legrand organises awareness and training actions. The aim is to ensure that Group employees likely to encounter risky situations will be thoroughly familiar with the rules of business ethics. This also reduces the probability of violation of fair competition law, anti-corruption law, anti-money laundering or export control regulations in all the subsidiaries and entities of the Group. Employees can consult their immediate supervisor, or the Group’s Legal Department or Human Resources Department, with a generic email adress (ethics.legrand@legrandelectric.com ) on any issue concerning ethical or legal requirements.

Priority for 2014 - 2018 

Have an additional 3,000 staff trained in business ethics.

Indicator

Number of employees trained in business ethics during the year.

 

Appropriate training tools

Business ethics training sessions are organised on a regular basis for the Group's ethics representatives. The purpose is to help them detect and manage potentially sensitive situations relating to ethical problems in their entities. Since 2011, a special webcast course, prepared with the help of specialist lawyers, has been taught. It concerns the risks of corruption and is intended for ethics representatives, Compliance Officers, and the various functions in the Group (Internal Audit, Legal Affairs, Human Resources, Export, Sustainable Development).

All Legrand employees can also take advantage of an on-line training module on competition law. So far, around 2 100 employees have taken this course.

Communication tools (practical guides, presentations) have also been created and made available to the ethics representatives and Compliance Officers to facilitate their work in those areas.

 

Our responsibility is to monitor enforcement of the Group's compliance programme

Since 2011, a compliance programme including all the areas of the Legrand Group's business ethics has been formalised. These areas include observance of the rules on fair competition, observance of embargoes, prevention of money laundering and funding of terrorism, management of fraud risk and good business practice, particularly the fight against corruption.

This compliance programme is based on five points:

  • Strong commitment of the Group's general management,
  • Group risk analysis methodology,
  • Clear policies and control mechanisms
  • Training and communication actions,
  • An internal auditing process and implementation of action plans in response to risks.

Alongside training, the internal monitoring of these compliance practices is an essential lever of Legrand's business ethics. It contributes to its understanding, dissemination, and observance. The monitoring system is handled and deployed by the Group's Internal Audit department, allowing the prevention of non-compliance risks in close proximity to the activities of the countries.

 

Priority for 2014 - 2018 

Cover 100% of Group sales through a Compliance
programme monitoring scheme.


Indicator

Percentage of Group sales covered by a compliance program monitoring procedure.

Compliance programme: a strong commitment

Because the compliance programme concerns all employees of the Group, a process must be implemented for the effective deployment of this programme in all subsidiaries and entities, with Compliance Officers in each entity and dedicated alert procedures.

In fact, there is a connection between observance of the rules of the compliance programme and the pay of the persons exposed. The systems to evaluate the performance of these persons also incorporate compliance rules and codes of conduct. Finally, there is zero tolerance and there are disciplinary measures to be applied in case these rules are violated.

The compliance system is certified by a third party. The Group undertakes to publicise the results of the compliance programme and any non-compliances.

Legrand integrated in the DJSI World

Legrand has obtained the highest DJSI score in 2014 in its business sector for "codes of conduct / compliance / corruption".

This mark is given by the RobecoSAM agency. This means that the Group belongs to the DJSI World indices. DJSI World selects 10% of the companies in each sector according to the "best in class" method.

Logo Dow Jones Sustainability Indices

 

 

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