Governance and responsible business practices
To gain trust with customers and suppliers, we act with high ethical standards and professionalism. We have zero tolerance for corruption, kickbacks, or other incentives that may influence a business transaction. Our values guide our relationships with our customers, partners and colleagues.
Code of conduct
At Munters, our Code of Conduct sets clear expectations for ethical behavior, responsible business practices, and respect for people, society, and the environment. It guides how we act within our organization, across our industry, and in the communities where we operate, ensuring integrity, compliance, and trust in everything we do.
The Code of Conduct applies globally to all employees and those acting on our behalf. To support consistent understanding and application, all employees complete Code of Conduct training every two years. Completion is tracked and followed up as a key sustainability target, with the ambition to reach 100% participation.
Whistleblower function
The whistleblowing procedure helps employees report serious concerns about issues at Munters. We are committed to addressing any reported wrongdoing by Munters or its employees, consultants, contractors, or suppliers. Such reports will be handled promptly, thoroughly investigated, and result in corrective actions where necessary. We will also explore ways to prevent similar issues from arising in the future.
Employees and all external parties can submit whistleblower complaints in different ways. They can use our Global Ethics Committee or anonymous channels. These channels are provided by an external provider, both globally and locally.
The reporting tool is provided by WhistleB.
Anti-bribery and anti-corruption
The Anti-Bribery & Anti-Corruption Policy enhances the Code of Conduct, setting standards for interactions with external parties and public officials. It mandates zero tolerance for bribery and corruption, covering areas like gifts, entertainment, third-party travel, business partners, conflicts of interest, sponsorships, charitable contributions, discounts, commissions, and facilitation payments. Detailed guidelines ensure compliance.
We also have a zero-tolerance policy on fraud, committing to the prevention and thorough investigation of any suspected fraudulent activities, reflecting our dedication to ethical business practices and integrity.
Governance
The Board of Directors has the overarching responsibility for strategy, sustainability, ethics, and results. Our CEO and management decide on short-and long-term targets, focus areas, and priorities.
The Sustainability Core Team supports the CEO and management, business areas, and Group functions. The business areas identify and execute activities to reach short-and long-term targets.
Directives we follow
At Munters, we follow the latest EU directives. Our reporting aligns with the EU Taxonomy and, from the operating year 2025, we are reporting in alignment with the Corporate Sustainability Reporting Directive (CSRD). A CS3D (Corporate Sustainability Due Diligence Directive) gap analysis was initiated in 2025.
With the introduction of the CSRD and its double materiality assessment, we are updating our materiality analysis. This includes assessing sustainability matters across our entire value chain from two perspectives:
- Impact Perspective: How we affect people and the environment through our operations.
- Financial Perspective: How societal factors impact Munters, including risks and opportunities affecting our financial performance.
Munters issued its first green bonds under the MTN program in 2025 under a Green Finance Framework aligned with ICMA's Green Bond Principles.
Sustainability in the value chain
Ethical AI and Data Responsibility at Munters
At Munters, we apply Artificial Intelligence and data technologies responsibly to support sustainable innovation, operational efficiency, and long‑term value creation. Guided by our Code of Conduct and ethical principles, we ensure transparency, human oversight, and accountability in the use of AI, while actively preventing misuse, bias, or unintended harm.
All AI applications are governed through clearly defined roles and responsibilities and are designed, deployed, and monitored in compliance with applicable laws, regulations, and industry standards.
Respect for data ethics, privacy, and protection is integral to this approach, supported by strong governance, security measures, and continuous monitoring to safeguard personal and business‑critical information.
Read more about our sustainability work
Environment and resource efficiency
We are dedicated to delivering sustainable products, solutions, and services that help our customers enhance both resource and energy efficiency. We are committed to reducing emissions and minimizing the climate footprint across our entire value chain.
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Society and people
We strive to be just and inclusive to create a high-level of engagement. Diversity gives us new perspectives and valuable insights. We work collaboratively to benefit our customers, society and the planet.
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Follow our progress
Sustainability is integrated into the business strategy and we have set ambitious goals regarding emissions, resource efficiency, diversity, safety and ethical business practices.
Read more about our performance