VEO's management sets clear targets and annual goals, and secures adequate resources to achieve them.

Corporate responsibility is a vital part of our day-to-day operations. Our responsibility is grounded in law and integral to our values and strategy.

The VEO approach

At VEO, we remain close and in touch with our customers. For us, it is important to listen to the customer, to be flexible to their needs, and to be a reliable and responsible partner.

Our operations are based on decades of experience in the field coupled with the enthusiasm and innovative creativity of new-generation expertise. We develop and manufacture all of our core products in-house. We continuously develop our operations to ensure we remain able to offer our customers ever more efficient, safe, reliable and environmentally friendly products and solutions.

Financial responsibility

Our mission is to create growth and well-being through our energy sector expertise and responsible operations. Our goal is to create added value for our shareholders, customers, suppliers, employees and the local community. A strong economic basis secures the continuity of our business and enables us to meet our social and environmental responsibilities.

We recognise our shareholders’ goal of return on their long-term investments. We create added value for our customers by delivering solutions that meet their expectations. Our objective is to provide our key suppliers with favourable conditions for long-term and mutually beneficial co-operation. We want to provide our employees with an enjoyable and safe working environment, competitive pay and opportunities for self-development. We fulfil our tax obligations in all of the countries in which we operate and condemn all forms of corruption or fraudulent practice.

Environmental responsibility

Our objective is to offer energy and material efficient solutions and processes. We strive to minimise the amount of waste generated by our activities and to maximise waste recycling. In addition to waste management, the most significant environmental considerations related to our operations are energy consumption and the management and control of isolated incidents. We are committed to recognising and observing all environmental laws and regulations related to our operations. We monitor the environmental impact of our activities and implement environmental programmes aimed at reducing negative environmental effects.

Our environmental management system has been certified to ISO 14001.

Social responsibility

We strive to minimise any potential negative effects of our operations or products on health and safety. We promote the physical, mental and social welfare of our employees through preventive health care and measures aimed at maintaining workability. We also encourage healthy lifestyles among our employees.

We want to do what is right – Our whistleblowing service

Our long-term success is built on making business in a fair and ethical way. This is described in our Code of Conduct. Whistleblowing provides an opportunity to report suspicions of misconduct. You have an important role in raising your concern if suspecting a serious misconduct, that should be prevented or corrected. You do not need proof of your suspicions, but all messages must be made in good faith.

The whistleblowing service can be used to alert us about serious risks affecting individuals, our company/organisation, the society or the environment.

The processing may only refer to data about serious improprieties concerning

  • accounting, internal accounting controls, auditing matters, fight against bribery, banking- and financial crime, or
  • other serious improprieties concerning the company’s or the group’s vital interests or the life or health of individual persons, as for instance serious environmental crimes, major deficiencies that regard the security at the place of work and very serious forms of discrimination or harassments.

Employees are asked to contact their supervisor or manager for issues relating to dissatisfaction in the workplace or related matters, as these issues cannot be investigated in the scope of the whistleblowing.

A person who blows the whistle does not need to have firm evidence for expressing a suspicion. However, deliberate reporting of false or malicious information is forbidden. Abuse of the whistleblowing service is a serious disciplinary offence.

You can raise your concern anonymously by using our Reporting channel, managed by a third-party, WhistleB.

Reporting channel, allowing anonymous messaging and dialogue: https://report.whistleb.com/veo

The Reporting channel can be reached on any device, including smart phones. We recommend employees to access the channel from a devise not connected to our intranet.

For more information, please see:

“WhistleB ensures the anonymity of the whistleblower. The service is separate from the organisation´s IT environment. WhistleB does not track IP addresses or other data that could identify a person sending a message. Messages are encrypted and can only be decrypted by designated individuals. WhistleB cannot decrypt and read messages.”
– WhistleB