Resolving issues

ABB applies zero tolerance and takes the appropriate disciplinary action

ABB is focused on preventing, detecting and remediating integrity concerns. We enforce a strict zero tolerance policy for violations of the law or the ABB Code of Conduct, and we will take the appropriate disciplinary action – including termination of employment – against employees who violate them.

Anti-bribery reviews of business units and countries globally are conducted frequently throughout the year. Each review includes examination of business processes, accounts and balances, and tests transactions to assess robustness of controls and identify possible violations. The anti-fraud program is also monitored by internal audit who regularly evaluates fraud risk exposure and developing trends. This is a cross functional analysis of 21 program elements and the response plan to prevent and detect potential fraud.

Remediation