We at Raisio Group focus on making responsibly produced Food for Health, Heart and Earth. We know that food has the power to transform people’s lives for the better. That is why, when making our food, we take all important factors into account, from wellbeing, health and good taste to developing a safe and sustainable value chain.
We create food brands that consumers and customers trust, and grow a business that our shareholders and investors believe in. Every day, we must earn the trust of our stakeholders by acting with honesty, integrity and responsibility. The Raisio Code of Conduct guides us in doing exactly that. It describes our common way of operating: the behaviors and principles we say yes to, and the actions we, in turn, do not condone. For us, doing ethical, responsible and profitable business is not just a matter of compliance but the groundwork on which we build a culture of growth and inventiveness.
So say yes to doing what’s right, because it will make life more fulfilling – for ourselves and all of our stakeholders.
Yes to caring for people
We say yes to creating a workplace where people feel safe, respected, and empowered to grow. We respect human rights across our entire value chain.
We communicate openly
Internal communication is a core part of how we lead and build our shared culture at Raisio. This is why every employee plays a role in it. Through internal communication, we connect Raisio’s strategy with our daily operations, engage and inspire our employees, and strengthen our shared culture, practices and processes. We maintain continuous dialogue and work together to build Raisio into the employer we want to be. Our internal communication is designed to support digital ways of working, speed, open dialogue in all directions and active participation.
The key principles of our external communication are defined in Raisio plc’s Disclosure Policy. In our communications, we comply with EU regulations, Finnish legislation, the rules and guidelines of Nasdaq Helsinki Ltd, as well as the regulations and guidelines of ESMA (European Securities and Markets Authority) and the Finnish Financial Supervisory Authority.
We build wellbeing at work and develop competence
We all take responsibility for maintaining a respectful, inclusive and psychologically safe work environment. We treat each other with respect, give and receive feedback constructively, and speak up if something is not right.
We take care of employee wellbeing by focusing on good leadership and managerial work, on good interaction and internal communications, and by promoting a psychologically safe work environment. We communicate openly, interactively and honestly. We encourage and support the physical and mental wellbeing of our employees. We also promote employee wellbeing through early support practices and problem prevention.
At Raisio, competence development covers the entire lifecycle of an employment. We actively develop our own competence and contribute to the learning and development of others.
Effective planning and implementation of the induction program ensures that our employees have sufficient resources to succeed in their work. On-the-job learning as well as internal and external training enables continuous learning and professional development. Appraisal and development discussions are used to identify employee development needs and to ensure that operations are in line with the Group’s objectives. The employee survey results and feedback help us find better practices. Each line manager prepares yearly a development plan for the team together with the team. In the plan, the line manager reflects the team’s competence and performance development needs against the strategy, the strategic capabilities, the employee survey and the appraisal and development discussions. Based on the identified development needs, the line manager defines actions for the team and for their own leadership.
We create a healthy and safe workplace
Everyone has the right to a healthy, safe, and respectful work environment. We all share responsibility for maintaining a workplace that safeguards our employees’ physical and mental wellbeing, health, and safety. By following good safety practices, committing to active safety leadership, and participating in regular occupational health and safety training, we build and maintain a strong safety culture.
Management and team leaders play a key role in ensuring a safe work environment. They lead by example, ensure adequate resources and clear practices, and promote an open and trusting culture of dialogue. They address identified issues without delay and ensure that all reports are handled appropriately.
We foster a culture of respect, inclusion, and psychological safety where everyone feels valued and heard. We do not tolerate any form of mentally or physically coercive, threatening, offensive, or inappropriate behaviour in any work-related context.
We encourage everyone to speak up about unsafe conditions and inappropriate behaviour. Concerns can be reported through the reporting system, directly to a supervisor, or via confidential reporting channels. All reports are taken seriously and assessed without delay.
We proactively identify and manage occupational health and safety risks and encourage the reporting of safety observations and near misses to continuously improve our practices. We do not tolerate any form of retaliation against anyone who raises a concern in good faith.
We value diversity, equity and inclusion
We respect and value diversity and promote an inclusive work environment where everyone is treated fairly and with respect. We all have a responsibility to contribute to an inclusive and respectful workplace. Employees are selected to their roles on the basis of their skills, experience and competence. We do not tolerate any kind of discrimination on the grounds of race, gender, sexual orientation, religion or belief, nationality, marital status, disability, age or any other personal characteristics.
We respect human rights
We respect the UN Declaration of Human Rights, the UN Guiding Principles on Business and Human Rights (UNGPs), and the fundamental rights at work as defined by the International Labour Organization (ILO). These rights cover freedom of association, the right to organise or not to organise, the right to collective bargaining, the prohibition of forced labour and child labour, and the employees’ right to equal treatment and opportunities. We are committed to conducting human rights due diligence across our operations and value chains, identifying and assessing potential adverse impacts, taking appropriate action to prevent or mitigate such impacts, and tracking the effectiveness of our responses.
Our due diligence approach is risk-based and prioritises the most significant actual and potential impacts across our operations and value chain( in anticipation of upcoming EU due diligence requirements, including the CSDDD).
Yes to speaking up and accountability
We say yes to speaking up, addressing concerns, and ensuring fair and consistent handling of issues.
We provide grievance mechanisms and remediation
Raisio is committed to providing accessible and effective grievance mechanisms for all stakeholders affected by our operations. We ensure that concerns can be raised without fear of retaliation and that all grievances are addressed promptly, fairly, and transparently. Raisio ensures that all employees and external stakeholders have access to confidential and secure reporting channels.
We offer dedicated reporting channels
Employees are encouraged to report suspected or actual misconduct to their immediate supervisor, the HR department, or senior management. All employees and external stakeholders, such as suppliers, business partners and other affected parties may report concerns through Raisio’s confidential whistleblowing channel at https://report.whistleb.com/en-GB/raisio. Anonymous reporting is permitted and protected.
We have swift investigation procedures
All reported grievances are acknowledged within seven (7) business days of receipt. Raisio conducts thorough, impartial investigations led by qualified personnel who are independent of the matter under review. The identity of reporters is protected throughout the process, and all parties involved are treated with dignity and respect. Investigation findings are documented, and outcomes are communicated to reporters within three months to the extent permitted by law and confidentiality requirements.
We are committed to fair remediation
Where investigations confirm adverse impacts on human rights or violations of this Code of Conduct, Raisio is committed to providing effective remediation. Remediation measures are determined based on the nature and severity of the impact and may include: cessation of harmful activities, corrective action plans, compensation or restitution to affected individuals, disciplinary measures for responsible parties, and systemic changes to prevent recurrence. We monitor the implementation of remediation measures and their effectiveness. Raisio does not tolerate any form of retaliation against individuals who raise concerns in good faith, and any retaliation is treated as a serious disciplinary matter.
We have dedicated governance and oversight
Raisio Head of Legal Affairs oversees the grievance mechanism and reports regularly to the Board of Directors on the number, nature, and resolution of grievances received. We publish aggregated, anonymized data on grievances in our annual sustainability report to ensure transparency and continuous improvement of our processes.
Implementation of this Code of Conduct is ensured through regular communication, mandatory training for employees, and integration into Raisio’s internal policies and processes.
Compliance with the Code is monitored through internal controls and management oversight. Identified deviations are addressed through corrective actions and follow-up processes.
Yes to protecting what we create
We say yes to ensuring the safety of our products and safeguarding the ideas, innovations, and information that make our business unique.
We reward employee inventions and patents
At Raisio, we encourage innovativeness and value the creation of intellectual capital. We reward for good ideas and employee inventions according to our Employee’s Invention Policy. We protect and respect our own and other companies’ intellectual capital.
We ensure product safety
We take product safety very seriously. Our customers and consumers can always trust the safety of our products. We regularly monitor and identify the risks associated with product safety. We also plan and carry out measures to minimise and manage these risks. We monitor compliance with the established guidelines and procedures. We provide regular staff training in product safety matters. Our operating systems are based on internationally approved quality and product safety standards and on our own continuous improvement work.
We comply with local and international laws and regulations, generally accepted practices and Raisio’s own guidelines. We are also committed to the ten principles of the UN Global Compact initiative regarding human rights, labour, environment and anti-corruption.
We protect Raisio’s property, brands and trade secrets
We treat Raisio’s property appropriately and with care. The company’s property includes, for example, land, production plants, machinery and equipment, software and the company’s assets. In addition, Raisio’s property includes patents, trademarks, copyrights, customer and product information, and trade secrets, such as pricing criteria.
Raisio brands are an essential part of the company property. We protect Raisio brands and intervene in any unauthorised or inappropriate use of our brands. The use of Raisio name or brands as a reference always requires a specific permission. We protect trade secrets, personal data and customer information appropriately and in accordance with information security rules.
We protect data and information security
Raisio is committed to the responsible management of all confidential and personal information. in compliance with the EU General Data Protection Regulation (GDPR) and applicable national legislation. Our Information Security Policy and Privacy Statement provide detailed guidance on information classification, access controls, incident response, and data subject rights in order to collect, process, store and dispose of information securely.
All employees are expected to complete data protection and information security training and follow our internal policies. We are progressively aligning our information security management practices with ISO/IEC 27001 standard. The timeline for formal group-wide certification will be determined based on organization readiness and available resources.
Yes to ethical business practice
We say yes to operating with honesty, integrity, transparency, and responsibility in all business activities.
We do not accept corruption or conflicts of interest
We always act with honesty and integrity, following local and international laws and regulations, generally accepted practices and Raisio’s own guidelines. We avoid all conflicts between our personal and Raisio’s interests.
A conflict of interest arises when an employee’s personal interests, relationships, or outside activities could, or could appear to, interfere with their ability to act in the best interests of Raisio. Examples of situations that may create conflicts of interest include, but are not limited to: (a) having a financial interest in a supplier, customer, or competitor of Raisio; (b) holding outside employment or a board position with a competitor, supplier, or customer; (c) hiring, supervising, or making business decisions involving a family member or close personal associate; (d) using Raisio’s property, information, or position for personal gain; and (e) accepting personal benefits from a business partner that could influence professional judgment.
Employees are required to promptly disclose any actual or potential conflict of interest to their immediate supervisor and the Head of Legal Affairs. Disclosures must be made in writing using Raisio’s conflict of interest disclosure form. The Head of Legal Affairs shall assess each reported conflict and determine the appropriate course of action, which may include requiring the employee to recuse themselves from relevant decisions, divest a financial interest, or terminate an outside activity. All disclosed conflicts of interest are documented and reviewed annually.
In the course of business, no Raisio employee or any other third party acting on Raisio’s behalf may take unfair advantage of anyone by directly or indirectly giving, promising, authorising or offering cash or any other benefit exceeding ordinary hospitality. This also applies outside the scope of business: Raisio’s employees and partners may not take unfair advantage through directly or indirectly asking for, demanding, accepting or receiving a benefit exceeding ordinary hospitality.
We do not accept fraud
We do not accept fraud in any form. Fraud refers to any intentional act of deception, misrepresentation, concealment or omission designed to gain an unfair or illegal advantage, including but not limited to financial reporting fraud, Examples of potential fraud include: submitting false expense claims, creating fictitious suppliers or invoices, manipulating financial records or reports, unauthorised use of company funds, and misrepresenting product quality or test results. Employees should be alert to warning signs such as unusual financial transactions, unexplained discrepancies in accounts, reluctance to share information, or pressure to bypass normal approval processes.
We fight money laundering
Raisio does not accept money laundering in any form. Money laundering refers to the process of concealing the origin, ownership or destination of illegally or dishonestly obtained funds by integrating them into legitimate economic activities. Raisio is committed to complying with all applicable anti-money laundering legislation, including the EU Anti-Money Laundering Directives and the Finnish Act on Preventing Money Laundering and Terrorist Financing (444/2017). Employees must be alert to potential indicators of money laundering, including but not limited to: (a) requests for unusual payment arrangements, such as payments to third-party accounts, offshore accounts or multiple accounts without clear business justification; (b) transactions involving countries or counterparties on international sanctions lists; (c) reluctance by a counterparty to provide identification or ownership information; (d) unusually complex transaction structures with no clear economic purpose; and (e) cash transactions that appear disproportionate to the business relationship.
We comply with economic sanctions and restrictive measures
Raisio complies with applicable economic sanctions and restrictive measures imposed by the European Union (EU), the United Nations (UN), the United Kingdom (UK) and the United States (US), including sanctions administered by the U.S. Office of Foreign Assets Control (OFAC), as applicable to Raisio’s operations and counterparties.
We do not engage, directly or indirectly, in business with individuals, entities, vessels or countries subject to applicable sanctions, nor do we participate in arrangements intended to circumvent such sanctions.
Responsible tax conduct
Our operations are guided by responsible tax behavior and a commitment to complying with the statutory tax obligations of each country in which we operate.
Tax responsibility is an integral part of our company’s financial management processes.
Our key principles:
Alignment with value creation: Our taxation is aligned with the actual value creation, economic activity, and physical presence of our business.
Avoidance of artificial structures: We do not engage in aggressive tax planning, use tax havens, or implement artificial arrangements whose primary purpose is to obtain tax benefits.
Transparency and cooperation: We promote transparency in taxation and aim for open and constructive interaction with tax authorities across all our markets.
Arm’s length principle: We follow international transfer pricing principles to ensure that intra-group transactions are conducted fairly.
We actively monitor developments in tax legislation to ensure that our operations continuously meet the requirements of the evolving regulatory environment and the expectations of our stakeholders.
We do not trade with inside information As a publicly listed company, Raisio and its employees are obliged to comply with the EU Market Abuse Regulation. The Regulation includes, for example, rules concerning inside trading and the disclosure and misuse of inside information. Raisio expects its personnel, management and members of the Board of Directors and Supervisory Board to comply with the laws as well as the rules and regulations based on these laws.
We commit to fair competition
We comply with the applicable competition law. We do not accept illegal cooperation between competitors and we do not discuss, for example, prices, products or other trade secrets with competitors.
Yes to sustainable impact
We say yes to respecting nature and reducing our environmental footprint.
We respect and preserve nature
We assess both impacts of our activities on people and environment, and risks to our business arising from sustainability issues according to UN Global Compact precautionary principle (7). As Raisio food products are made of renewable, mainly plant-based raw materials, we invest in the development of sustainable farming practices to preserve natural resources and farming profession. We support farming techniques that preserve biodiversity through training and financial incentives. We also map and track biodiversity indicators in the grain farms from which we source our ingredients. We are committed to the Science Based Targets initiative and work to limit our environmental impact through reduction of greenhouse gas emissions, waste, energy and water consumption. We aim to reduce waste and side streams at every stage of production, while improving processes to ensure more efficient use of materials. In line with circular economy principles, we actively seek new applications for production by-products and food waste. Our product portfolio is designed to promote a positive nutritional impact on human health.
We respect animal rights and animal welfare in our sourcing practices and they are a priority concern for us in the management of our supply chain. We do not conduct nor commission animal testing in the development of new food products. Studies involving animals are performed only when required by applicable legislation or regulatory authorities and are strictly limited to what is legally necessary.
We source responsibly
Raw materials, food allergens and other required information are clearly described on the packaging labels. Our products are marketed in accordance with all applicable laws, rules and regulations. Our partners must commit to the content of Raisio Supplier Code of Conduct and comply with all applicable laws, rules and regulations, as well as guidelines and instructions provided by Raisio.
Our sourcing practices include risk-based supplier segmentation, regular audits and monitoring and responsible practices in pricing and contract terms. We avoid sourcing raw materials from high-risk countries when competitively priced alternatives are available, and use third party certification systems such as Rainforest Alliance, UTZ, RSPO, RTRS and FSC to improve transparency in our supply chain. We are also committed to supporting local communities and farmers through our procurement practices. Raisio sourcing practices are available publicly and in detail in our Sustainability Policy. Compliance with the Supplier Code of Conduct is systematically monitored, and suppliers are subject to risk-based assessments, audits and corrective action requirements where necessary.
We commit to good governance of corporate sustainability
Sustainability at Raisio is led by the Sustainability Team, managed by the Sustainability Program workstreams, and overseen by the Group Leadership Team, which holds final accountability. Our sustainability practices are publicly available and set out in our Sustainability Policy.
We publish an annual Corporate Responsibility Report in accordance with applicable legislation and industry guidelines. We regularly monitor and evaluate the effectiveness of our Sustainability Policy and update it as required. Raisio monitors the effectiveness of this Code of Conduct and related sustainability practices through defined targets and key performance indicators (KPIs), which are reported and reviewed regularly as part of our sustainability programme and annual reporting.
We comply with responsible marketing practises
We communicate transparently about our environmental impact and sustainability goals and actions through our sustainability program ‘Transformative Power of Food 2026-2030’. We comply with EU Green Transition consumer protection directive 2024/825 refraining from greenwashing through any inaccurate or misleading claims or statements related to environmental or social governance of Raisio corporate responsibility. All sustainability and nutrition claims must be evidence-based, verifiable, and compliant with applicable legislation. We are committed to ICC Advertising and Marketing Communications Code for responsible food and beverage marketing communications.
Yes, we commit to our Code of Conduct
Raisio’s Board of Directors has approved this Code of Conduct, which applies to all Raisio Group’s operations, employees, management and members of the Board and Supervisory Board.
All employees are required to read, acknowledge and commit to this Code of Conduct upon joining Raisio and annually thereafter. Compliance with this acknowledgment requirement is tracked and reported to the Board of Directors and The Board of Directors has ultimate oversight of compliance with this Code of Conduct. Internal guidelines and policies complement the Raisio Code of Conduct. Raisio does not tolerate violation of the Code of Conduct from its employees. Violations of this Code of Conduct may result in disciplinary measures proportionate to the severity of the violation, including but not limited to: verbal or written caution or warning, mandatory retraining, termination of employment, or referral to relevant authorities for criminal prosecution. For Third Parties, violations may result in immediate termination of the business relationship and claims for damages.”
We are committed to complying with the Raisio Code of Conduct in our work and when representing the company. Raisio’s Purpose, Values and Code of Conduct guide our day-to-day work and set a foundation for profitable and responsible operations.
Raisio Board has approved this Code of Conduct on 23rd June 2026
