Savola Group launches hotline for whistleblowers

Savola Group on Tuesday launched an “integrity hotline” or whistleblowing platform to allow all stakeholders to anonymously report non-compliant practices.

The company’s new code of conduct and ethical values comply with the requirements of the corporate governance regulations issued by the Capital Market Authority (CMA), the firm said in a statement.

The “integrity hotline” is a confidential reporting framework, which covers Savola’s entire operations in the region.

It allows all stakeholders, including, managers, employees, customers, public, and vendors, to report incidents and instances which include suspected illegal activities, theft, fraud, corruption, waste or misconduct through a dedicated website.

Reported cases will be analyzed by independent professionals with experience in investigating such matters under the supervision of the audit committee and the board of directors.

People using the “integrity hotline” for genuine concerns can do so without fear of retribution, Savola said.