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Corporate Citizenship
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Taking ethics seriously

Danfoss places importance on the fact that the company’s values are not only words on paper, but are lived throughout the company.
Ethics Handbook

In 2008, Danfoss published an internal Ethics Handbook including ethic guidelines for every Danfoss employee globally. The Ethics Handbook describes the unwritten rules for what Danfoss employees should particularly pay attention to, and what is not acceptable.

In addition to the ethics handbook, Danfoss has also set up a call service to answer questions about ethical issues and an Ethics Hotline for the reporting of cases where ethical guidelines may have been violated.  

Layoffs and voluntary resignations

Over the past four years, Danfoss has reported layoffs and voluntary resignation caused by unethical conduct which violated the company policies.  

In 2007, there were 36 cases of layoffs caused by unethical conduct; in 2008 there were 64. The causes of the 64 layoffs and voluntary resignation due to unethical conduct included: disloyal or threatening behaviour; conflict of interest; theft or fraud with company funds; misuse of confidential information; abuse of alcohol or drugs; and time account fraud. More than one third of the cases concerned unacceptable absences.  

Out of 64 cases of unethical conduct, six were reported to the corporate Ethics Hotline.

Corporate Citizenship

Danfoss’ overall goal within Corporate Citizenship is "keeping our own house in order".
This applies to employees, so that they have an attractive workplace and a healthy work-ing environment. It applies to the environment, where Danfoss products contribute to energy savings, and where the environmental impact of their production is constantly being reduced.
And it applies, in a broad sense, to social and ethical responsibility.
Efforts are continually being intensified, because when employee satisfaction is high, consumption of resources is as low as possible, and the company’s ethics and reputation are good, the result is a positive effect on the accounting bottom line.