Governance

We are driven by honesty and act with integrity. This is a core value for UR and one which all employees understand. Code of Conduct, Third Party Due Diligence Procedure and other polices provide for zero tolerance to corruption, money laundering, terrorist financing, etc. Additionally, Universal Robots has a contractual right of termination in contracts with our partners in case of breach of anti-corruption laws, anti-competitive practices, sanctions regime, and export control regulation. The whistleblower program and anonymous reporting hotline allows employees to report any potential violations of the code of conduct, as well as receive consultation on any ethical issues that they might have.

Our Employee Handbook and Teradyne’s Human Rights Policy align with the Responsible Business Alliance standard. We protect employees’ rights through policies that ensure living wages, limits on working hours, and freedom of association. Also, the Third-Party Due Diligence Procedure keeps business relations in a transparent and honest manner, while protecting Universal Robots’ and its affiliates’ respective reputations and demonstrating their high level of ethical standards, including obligations to respect, protect and fulfil human rights and fundamental freedoms.