Magnolia Bostad

  • works for a climate of cooperation without corruption
  • works to achieve sustainable profitable growth
  • have routines for how we work with business ethics and how we handle deviations from our guidelines and processes

Business ethics
For us, business ethics is about clear accountability, having control over our operations and value chain, having procedures in place for how we work on business ethics and how we deal with deviations from our guidelines and processes. Business ethics are important to our employees, management and the board, but also to partners and suppliers throughout the value chain. The board of directors determines the company's sustainability direction. The company's COO is responsible for the company's sustainability work, to whom the company's sustainability manager reports. Sustainability issues have a standing item at each management group meeting where they are discussed and decided upon and then reported at the company's board meetings. Strategy and policy documents are revised by the board of directors or CEO once a year. The company has an Ethics Council, a crisis committee and a safety committee.The Ethics Council consists of the Deputy CEO & CFO and the COO/Chief Legal Officer and is established as part of the company's whistleblower function. The company's safety committee monitors the company's work environment issues. 

Governing documents:
• Finance Policy
• Job Description for the Investment Committee
• Financial Reporting Instructions
• Decision Matrix
• Risk Management Policy
• Decision and Approval Procedure
• Conflict of Interest Management Policy
• Information Policy
• IT Policy
• Privacy Policy, Processing of Personal Data in General
• Privacy Policy, Processing of Personal Data by Employees and Consultants
• Sustainability Policy
• Insider Policy with Instructions for Insider Handling
• Ethics Council, Instructions with Appendices
• Whistleblowing Policy
• Safety Committee Guidelines
• Guidelines for Harassment and Offensive Discrimination

Code of conduct
The code of conduct contains the guidelines and requirements Magnolia Bostad places on all employees and business partners in action and conduct. The code reflects the company's values ​​and is based on the ten principles of the UN Global Compact regarding human rights, labour law, the environment and anti-corruption. Within Magnolia Bostad, there is zero tolerance for bribery and corruption and the company's code of conduct contains clear guidelines and requirements against this. The Code of Conduct is included as part of the introductory training for new employees and has been an appendix to the employment contracts since the autumn of 2017. 

Code of conduct internal (in Swedish)
Code of conduct for partners (in Swedish)
Code of conduct for sponsring (in Swedish)

Whistle blower function
Whistle blower function (in Swedish) 


Financial responsibility
Financial responsibility is important to work for sustainable profitable growth and enable the allocation of capital for sustainable properties. It is also crucial in achieving the goals of Agenda 2030, the Paris Agreement and a sustainable transition. Magnolia Bostad’s financial responsibility means working for sustainable profitable growth and value for our owners. Magnolia Bostad does this, among other things, through a broad portfolio of housing types, which reduces the company’s risk. We want to create neighbourhoods and meeting places that are developed in such a way that they contribute to the economic growth and well-being of the area. We work in close dialogue with the community and other stakeholders. 

Through our green bonds, we increase transparency and facilitate the allocation of capital for sustainable properties.
Magnolia Bostad´s Green Bonds

 

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