Peak Group is an internationally renowned transport and logistics group with headquarters in Bergen, Norway. We handle a wide range of goods within the bulk, breakbulk and project industry.
Since the beginning, Peak Group has built a comprehensive international network through partnership and collaboration with some of the industry’s most respected and professional actors.
Peak Group’s business philosophy evolves around quality and flexibility.
Peak Group’s ambition is to become a strategic and preferred logistics partner for our customers by establishing itself as the foremost player in the global logistics solutions market.
The key to Peak Group’s success is the ability to develop innovative services and logistics concepts based on high expertise and advanced information technology.
Peak Group conduct themselves to the following value of principles:
Peak Group aims to establish a standard of ethics and integrity, in accordance with the law. Peak Group’s own program for compliance with legal requirements and code of conduct are implemented completely internally and externally.
All employees, agents, vendors, and public authorities involved in our operations are required to abide by applicable laws and regulations, and execute their duties in compliance with the standards set out in these documents, thereby helping to safeguard our reputation and reduce risk to both the company and individual.
Peak Group is opposing all forms of human trafficking, forced labour and illicit forms of child labour in our value chain.
Peak Group expects the same commitment to legal and ethical conduct of subcontractors as Peak Group requires from its board members, managers and employees.
A part of this compliance program includes evaluation and assessment our regular suppliers / agents with respect to compliance. This “due diligence process” requires specific information about our subcontractors, and the subcontractors may be asked to reply on questions regarding ethical guidelines as a part of this data collection.
Peak Group is committed to comply with laws designed to combat bribery of officials and corruption. As part its contractual commitment to our clients, Peak Group introduces the following policies and procedures to govern all aspects of work or services.
Corruption (derived from corrupting, Latin corrumpere) is to bribe or receive bribes, in the form of money, gifts or services, in order for a person in a power to give another person benefits beyond the rules. Corruption occurs when a person in a trusted position or office, privately or publicly, puts the responsibility and obligations attached to the post or aside and abuse the power in the post or office and thereby achieves either a private benefit or reward, or improperly strives for an advantage to own organization or company. This is the definition of corruption laid down by Confederation of Norwegian Enterprise (NHO).
Peak Group and/or their owners, directors, board members and employees are subject to local and international laws and regulations that forbid and punish bribery and corruption, and all Peak Group employees are expected to comply with all applicable laws and guidelines.
Any Peak Group employee who violate any applicable laws or this policy will immediately be reported to the respective management, which comes to an appropriate discipline, which may also include termination.
Owners, directors, officers, employees and any other parties acting for or on behalf of Peak Group will not support any offering, paying, promising or authorizing any bribe, or other thing of value to any government official, government employee, customer, or business associate, directly or indirectly through a third party, to secure any contract, concession or other favorable treatment for Peak Group or our clients. Any such action may be considered to be a bribe and may result in violation of applicable law.
Accordingly, Peak Group personnel shall comply to the Company’s policies on the provision of and reimbursement for gifts, representation, meals and travel expenses, and with the Company’s relevant provisions on accounting and retention of documents to ensure that such expenses are properly documented.
Laws prohibiting the bribery of “officials” typically define “official” broadly to include any appointed, elected, or honorary official or any career employee of a government, of a government owned or controlled company or enterprise, or of a public international organization, or any person acting in any official capacity. The definition encompasses officials in all branches of government: executive, legislative and judicial. It also includes political parties, party officials and candidates for political office.
Peak Group employees shall not give inducements, including gifts, representation, meals or travel expenses, to holders of public offices, customers or business associates on a scale that might be perceived as creating an unreasonable obligation on that recipient or that violates any applicable law or government policy against bribery or corruption.
Gifts, representations, meals or coverage of travel expenses provided to holders of public offices, customers or business associates must be approved by the respective manager after review for compliance with applicable laws value. When considering the reasonableness of the expense, Peak Group employees should consider the frequency with which such expenses are incurred for a particular recipient (such as regular gifts or dinners). Modest costs may amount to lavish and potentially improper payments when aggregated.
Companies can be held liable for payment made by a third party, such as a sales representative, subcontractor, consultant, agent or partner, of anything of value to a holder of a public office, even if the third party is not subject to the law and even if the company actually do not know of the payment. Company personnel may be liable if they give, pay, promise or authorize such payment when the company knows or willfully ignorant of the risk that the amount paid will be used in whole or in part for payment to a public official. To protect Peak Group and any company that Peak Group offers shipments or services, from this risk, Peak Group employees must screen diligently monitor contractual or investment relationships with any third parties with who Peak Group is doing business.
When a third party is engaged, the Peak Group must ensure that:
If Peak Group personnel become aware of any of these situations or others that suggest the possibility of improper payments, they should report to their manager for compliance with legal requirements at Peak Group.
All contributions by Peak Group to political campaigns or organizations or to charitable organizations:
Peak Group shall make and keep reasonably detailed books, records, and accounts that confirm with prevailing professional standards of accounting and that in reasonable detail reflects all transactions, including all expenditures, invoices, expense reports, receipts, disbursements, vouchers, and other disposition of monies or assets, all in according with Norwegian accounting rules.
Records of gifts, entertainment, meals and travel expenses shall include expense dates, the names and business association of all in attendance, and the reason for the expenditure. Valid and detailed third party receipts or invoices will support all records of such payments and expenses.
Peak Group will maintain a system of internal controls sufficient to reflect with reasonable accuracy of all transactions and the disposition of Peak Group assets. Relevant personnel shall be trained in the operation of such controls. The internal controls will be sufficient to provide reasonable assurance that:
Transactions are executed in accordance with management’s specific or general authorizations. Access to assets is permitted in accordance with management’s specific or general authorizations.
Peak Group personnel must comply with all applicable anti-money laundering and anti-terrorism laws and regulations. Peak Group personnel shall not engage in financial transactions that, directly or indirectly, promotes or result from any criminal activity prohibited by the laws in any country.
Peak Group personnel and suppliers of Peak Group should be alert to the money flow in every transaction and to question any payment methodology outside the norm. Such transactions should be screened for any of the following red flags:
Peak Group personnel shall not engage in or support any transactions, or otherwise facilitate, any activities by any terrorist person, activity, organization.
Peak Group shall comply with all applicable laws imposing economic and trade sanctions against certain countries designated nationals.
Peak Group shall consult with any business partner regarding assistance with compliance of all economic sanctions laws applicable to such business partner.
Peak Group shall comply with all applicable laws with regard country boycotts.
Peak Group shall consult with any business partner regarding assistance with compliance of all anti-boycott laws applicable to such business partner.
Peak Group shall comply with all applicable laws regarding controls over the exports of goods and services, including applicable laws and regulations covering re-exports.
Peak Group shall consult with any business partner regarding assistance with compliance of all export control laws comply with and regulations applicable to such business partner.
Peak Group’s ethical code of conduct is intended to foster a search for continuous improvements in all aspects of our performance. It will therefore be reviewed annually and will be referred to in Peak Group’s annual report and published on our website as part of our ongoing improvement program. Peak Group’s ethical code of conduct is communicated to colleagues and collaboration partners. Peak Group intend to maintain a focus on ethics when evaluating existing and potential collaboration partners.