Business ethics and compliance
Coloplast sells products and operates in more than 140 countries, and business cultures and regulations vary around the world. The Business Ethics & Compliance function is a global function with a Group Chief Compliance Officer leading a team of Compliance & Ethics employees.
Coloplast BEST our Code of Conduct
Coloplast values employees’ ability to use good judgment and common sense, rather than learning a set of rules by heart. That is why Coloplast BEST is value-based rather than rule-based and has the ambition of installing a compliance mind-set throughout the organization
The Coloplast BEST Code of Conduct outlines our commitment to responsible business practices and the key principles that form Coloplast’s approach to acting with integrity. It applies to all Coloplast employees around the world, at all levels of the organisation, including Coloplast’s Board of Directors, as well as contracted employees (temporary workers, student workers etc.).
Third parties working on behalf of Coloplast are also expected to follow the principles outlined in the Coloplast BEST; specific Code of Conducts for Distributors and Suppliers have been developed and rolled out.
Coloplast is committed to having high standards for working with users and organisations both in terms of respecting the boundary between clinical expertise and our own product knowledge and when handling personal data.
Raisings concerns
Data Privacy
By pursuing online activities targeted at users, Coloplast is collecting and handling more personal data. Users trust Coloplast with information about their personal life, and it is a priority for us to treat this data with the utmost respect and confidentiality. Many countries have legislation in place obligating companies to handle personal data securely. Coloplast handles and protects personal data in accordance with national law – and with the same approach across our company. Internaland third-party audits are used to ensure secure and reliable data handling.
In order to ensure compliance with applicable data privacy laws, including GDPR, Coloplast has updated its policies and procedures and created a data privacy governance structure. The Board of Directors has adopted a Data Ethics Policy which applies to all Coloplast group companies. In working with data, Coloplast ensures that appropriate measures are in place to safeguard ethical data processing and has implemented extensive security measures to ensure secure storage of data. Coloplast is certified according to ISO 27001 on information security and further facilitates awareness and training sessions for employees on data privacy via internal messages, e-learning and intranet sites.