Helsinki, 2013-10-08 09:00 CEST (GLOBE NEWSWIRE) -- YIT CORPORATION PRESS RELEASE 8 October 2013 at 10:00 a.m.
YIT has signed the Anti-Corruption Charter of Russian Business
YIT Uralstroi, a subsidiary of YIT in Russia, has signed the Anti-Corruption Charter of Russian Business. The Anti-Corruption Charter of Russian Business has been established by the Chamber of Commerce and Industry of the Russian Federation, the Russian Union of Industrialists and Entrepreneurs (RUIE), Business Russia and OPORA Russia. The members of the charter include major Russian industrial companies as well as legal and consulting firms.
“The principles of the anti-corruption charter are completely in line with the business principles of the YIT Group, and now can be put into action. Our joining the Charter further emphasizes our commitment to action against corruption. We oppose all forms of corruption and take every measure against it. We have total zero tolerance against the grey economy”, says Teemu Helppolainen, who is the head of YIT business operations in Russia.
The operations of the member companies are guided by twelve anti-corruption principles. The companies commit to promoting legal and social sanctions for corruption at all levels of society. The charter requires companies to implement anti-corruption programs monitored and evaluated by their management. These include training for employees and the efficient monitoring of financial administration and procurement. In addition, contacts with the authorities and other companies must be established in accordance with anti-corruption principles.
For further information, please contact:
Teemu Helppolainen, Head of Business Area, Russia, teemu.helppolainen@yit.ru, tel. +7 915 316 8216
YIT leads the way in the construction sector by creating more attractive and sustainable urban environments in Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. YIT builds houses, business premises and infrastructure, develops entire areas, and offers residential service concepts for consumers. YIT has over 100 years of experience and a strong market position: It is the largest residential construction company in Finland and the most significant foreign residential construction company in Russia. YIT is also one of the largest business premises and infrastructure construction companies in Finland. YIT has more than 6,000 employees in seven countries. In 2012, the company’s revenue was approximately EUR 2.0 billion. YIT’s shares are listed on NASDAQ OMX Helsinki. www.yitgroup.com
YIT Uralstroi is a subsidiary of YIT Corporation established in 2006. YIT Uralstroi constructs residential buildings in compliance with the international YIT Home service concept in Yekaterinburg and the Sverdlov Region of Russia. YIT Uralstroi has constructed apartment buildings in the cities of Yekaterinburg and Verhnyaya Pyshma. At present, the company is working on four regional development projects. www.yitural.ru
