Code of Ethics
The company's first code of ethics, "Weyerhaeuser's Reputation, A Shared Responsibility," was issued to managers in 1976. The code was renamed "Our Reputation: A Shared Responsibility" in 1993. It is currently in its seventh edition and is issued to all employees. It is also available to customers, contractors, suppliers and the public.
The code of ethics explains the standards of conduct that employees are expected to follow. Topics covered include:
- Antitrust and competition laws
- Company assets
- Conflict of interest
- Corporate opportunities
- Employment expectations
- Employment issue resolution process
- Entertainment
- Environmental responsibility
- Full and fair disclosure
- Gifts
- Government affairs and reports
- Inside information and insider trading
- Intellectual property
- International business conduct
- Protection of employee information
- Protection of third-party information
- Safety and health
- Suppliers, contractors and customers
Regular improvements are made to our Ethics and Business Conduct program, including seven revisions of the company's code of ethics to address new issues or clarify the company's policies. In addition to receiving the code, all employees participate in ethics training on a regular basis and are expected to role-model and promote ethical behavior.
The company's top senior managers complete a certificate of compliance with the company's code of ethics every year, and salaried employees do so every two years. New employees are introduced to the company's code of ethics as part of orientation. All employees participate in regular training to understand and reinforce our ethics expectations.
Key ethics and business conduct accomplishments in 2006 include:
- Employees were issued the seventh edition of the code of ethics.
- More than 98 percent of employees completed ethics training as of June 1, 2007.
- Specific training was developed for Foreign Corrupt Practices Act compliance (to be delivered in 2007).
- Our international ethics program was strengthened with dedicated staff to facilitate training and receipt of the code of ethics and to work with local managers.
