FOM Technologies is committed to acting ethically and responsibly when dealing with suppliers, customers, and all other third parties. We are committed to acting professionally, fairly, and with integrity in all business dealings and relationships, wherever we operate.

At FOM Technologies, our main customers have historically been the academic world while we have also experienced an increased interest from the corporate world in recent years. This leads to new partnerships where the focus on responsible business conduct becomes even more important.

We recognize that unethical behavior is an unavoidable risk when dealing with third parties. To minimize the risk of corruption in our supply chain, we have chosen to only use direct suppliers located relatively close to Copenhagen. However, having a global customer base, we realize that the level of corruption varies from country to country and that there is an inevitable risk of corruption related to our customers and sales activities.

Though we have not experienced any cases of unethical use of our technology at this stage, we recognize the risk of it happening.

In 2022, we have continued our high focus on know-your-customer in connection to sales opportunities. This is specifically related to the potential of unethical use, country corruption level, etc., which we assess on an individual basis before entering into any agreement. Based on the individual assessment, we have experienced cases where we have chosen not to enter into an agreement.

FOM Technologies holds a zero-tolerance stance towards bribery and corruption. We are committed to conducting business in an ethical and honest manner and to implementing and enforcing systems that ensure bribery is prevented. We are committed to adhering to the highest standards of business conduct which as a minimum includes compliance with the law.
It is of great importance that our employees share this commitment and that they maintain a high degree of business ethics in our day-to-day operations.