Compete Honestly and Fairly
We compete honestly and follow all fair competition laws. We succeed based on fair business practices. In this way, we maintain our reputation and our stakeholders’ trust in us.
We must comply with applicable laws and regulations that promote fair competition. We do not tolerate or participate in any business conduct, transaction, or activity that violates antitrust and competition laws.
What are competition laws?
Competition laws are regulations that encourage competition. They prohibit competitors from having agreements or understandings to limit competition, such as price fixing or dividing up markets. Antitrust laws in the United States are one example of competition laws.
How We Compete Honestly and Fairly
- Avoid false or dishonest practices
- Avoid making false claims or disparaging comments about competitors
- Never discuss pricing, contract terms, or strategies with competitors
- Never use our position to illegally or unethically reduce competition
Follow the Blueprint
A: No. Sharing confidential information with competitors in exchange for sensitive data not only violates fair competition laws but also undermines trust and integrity in the marketplace. Never share proprietary or confidential information with competitors.
A: Deceptive marketing tactics, such as false advertising or misrepresentation, are unethical and may violate the law. If you suspect such behavior, it’s important to address the issue promptly and appropriately. Discuss your concerns with your colleague directly. If the behavior persists or if you’re uncomfortable addressing it directly, report the issue to your manager or Culture + People for further investigation and intervention. Upholding honesty and fairness in business competition is essential for maintaining trust and credibility with stakeholders.
A: Yes. Although you must use caution about any communication with a competitor, discussing public information about water conservation is OK because it is not confidential. Never discuss business information or confidential information of any kind with competitors.