Governance
Alma Media adheres to the principles of ethical and transparent business management and does not accept unethical business practices from its employees or suppliers. The ethical principles are included in Alma Media’s Code of Conduct, which form the basis of the company’s responsible business operations. The Code of Conduct deals with compliance of laws and disclosure, conflicts of interest, gifts and the prohibition of bribery, as well as practices related to personnel, human rights and the environment. The guidance also includes regulatory reductions, among other things, the sections on data protection, anti-money laundering legislation and the prevention of tax evasion. It also emphasises the importance of diversity and permissiveness in the work community.
Our employees and all stakeholders have access to an anonymous Whistleblow channel through which they can report perceived abuses.
The company’s corporate governance is described in more detail in the corporate governance statement.
Principles of Good Governance at Alma Media
- Alma Media does not condone the use of unethical business practices or attempts to restrict competition by its employees, condemns corruption and bribery and requires that human rights are respected.
- The most significant suppliers in Alma Media’s subcontracting chain have issued a commitment on compliance with the Group’s ethical guidelines.
- Alma Media provides all of its stakeholders with a channel for the anonymous reporting of suspected misconduct and ensures the protection of whistleblowers.
- Through its own actions, Alma Media prevents bribery, corruption, attempts to restrict competition and human rights violations.
- Alma Media monitors, manages and supervises the company’s sustainability aspects.
- Alma Media’s sustainability performance is incorporated into the company’s incentive schemes.
- Developing a unified corporate culture at Alma is continuous work.
Supply chain sustainability
As part of good governance, Alma Media aims to engage its partners’ commitment to the company’s climate targets, social responsibility and good governance, and to take various measures to ensure that cooperation for sustainable business is sufficiently ambitious, comprehensive and effective. Alma Media has also set science-based climate targets for its subcontracting chain. The emission reduction target mainly applies to the Group’s printing and logistics procurements and the procurement of ICT services.
Alma Media requires its most significant suppliers to complete Supplier Code of Conduct training aimed at the company’s subcontractors. The company will carry out a social responsibility and governance assessment for the most significant participants in its value chain in accordance with the due diligence obligations stipulated by
the new EU Corporate Sustainability Due Diligence Directive.
Alma Media requires its key suppliers to complete a Supplier Code of Conduct training focused on Alma’s ethical guidelines.
Collaboration and partnerships for promoting sustainable development
Alma Media has several cooperation projects to promote sustainable development in its 12 operating countries
Alma Media has several cooperation projects to promote sustainable development in its 12 operating countries. In Finland, the most significant cooperation revolves around securing a better future for young people and providing positive working life experiences for them. Together with the Finnish Children and Youth Foundation, the Jobly recruitment service and Alma Media have launched an website TET.fi introduction to working life (TET) aimed at providing all young people with equal opportunities for familiarisation with working life regardless of their place of residence or social background.
Alma has an ongoing partnership with Aalto University and Haaga-Helia University of Applied Sciences to provide higher education students with opportunities to get acquainted with practical business problems and participate in research projects to develop the company’s business opportunities and earn academic credits.
Alma Career, which provides employment services in Eastern Central Europe, focuses on developing inclusion in working life in 12 countries through cooperation with companies. One example of these efforts is the Profesia Lab project launched in the Slovakian unit to use cooperation with companies to employ as many people who are marginalised from the job market, such as jobseekers with disabilities. The project has roughly 10 companies as funding partners and is growing.
Read more from the annual report.
Read also about Alma Media’s environmental responsibility and social responsibility.