Our company is guided by values and ethical principles that serve as the basis for our actions and commitments.


Our values


Expertise and innovation

The expertise to meet your challenges. We are committed to constantly extending and expanding our range of skills to align with our customers’ expectations. To that end, we constantly encourage innovation in the services we deliver on your behalf and in how we manage our investments.

Our commitment: a long-term strategy that delivers performance for all, to shareholders, customers, staff and partners.

Closeness to customers

The closeness that marks the relationships between our staff and our day-to-day relationships with our service providers, partners and customers is a powerful driver for efficiency and responsiveness.

Sustainable development

People, their career paths, safety and health lie at the heart of everything we do. The decisions we take are informed by the impact they will have on the environment.

By respecting people, the environment and equality, Akiem Group has always adhered to its strong business values and ethical principles.


Integrity has been key to guarantee sustainable business over time. Success cannot be built up on the basis of corruption, fraud or non-compliance with laws and regulations.


Our commitment to the industry


Akiem Group guarantees the reliability and long-term nature of its commitment to the industry with a management policy focused on:



Measuring and piloting the Group’s performance.

  • Being as close as possible to our customers and ensuring their satisfaction
  • Managing and piloting everything we do in full accordance with ISO 9001:2015 requirements
  • Constantly developing and improving our capacity for anticipation, responsiveness and innovation


Firmly at the centre of our organisation and all our operations and a top priority for our staff.

  • Ensuring all Akiem entities are managed in compliance with EU/445/2011 (ECM Safety Regulation)
  • Selecting and rolling out a network of partners and contractors qualified to meet the ECM requirements that apply to all Group entities
  • Engaging with everybody in the business to ensure the safety and well-being of our staff


We have set down concrete engagements in:
  • a quality assurance plan
  • a safety code that complies with regulations in place and our own code of conduct

Our ethical principles

Our values and our principles of ethical conduct are behind the success that Akiem Group has achieved since its foundation. They are what inspire the trust of our shareholders, customers, employees and partners. Together, we are preparing to take a new step forward in our growth.

Our principles are now laid down in two documents: our Ethics Charter and our Code of business Conduct. They are both a reference point and a clear set of rules for our employees. They apply to everyone throughout the entire Group, no matter where they work or whatever their job.

Ethics charter

The Ethics Charter is our reference document and is to be applied in our business relations with our customers and providers.

Respecting people, society and the environment

Values, behaviour and culture:

  • Conduct business with integrity. Integrity means being honest vis-à-vis ourselves and others; integrity also formally rejects any form of fraud, corruption, favouritism, or influence peddling.
  • Respect our partners, promote dialogue with our providers and customers.
  • Respect employees: strongly condemn all forms of discrimination or inequality.
  • Underline our economic, social and environmental performance.
  • Ability to build together.

Health, safety, security and dignity:

  • A key priority for all of us but also for any person on our premises is to take care of health, security and dignity.
  • Our goal is to achieve “zero accidents” for both employees and operations.
  • As an active contributor to the European railway industry, we promote “The European Railway Safety Culture Declaration” across our organisation. Safety culture refers to the interaction between the requirements of the Safety Management System, how people make sense of them, based on their attitudes, values and beliefs, and what they actually do, as seen in decisions and behaviours. A positive safety culture is characterised by a collective commitment by management and individuals to always act safely, in particular when confronted with competing goals.
  • The Group requires that all employees take the strictest account of and apply all procedures and instructions laid down in respect to health and safety.

Social and Environmental Responsibility:

As a major player in its markets, Akiem Group is committed to conducting its business responsibly.

  • Corporate social responsibility means the Group’s will grow its products and services by always defining policies that contribute to building sustainable relationships, taking into account the environment and promoting economic development and local employment.
  • The Group demonstrates social responsibility by promoting gender equality and diversity through various supportive actions, by promoting personal and professional development throughout a person’s career, offering training, opportunities and advancement.
  • Sustainable development means reducing our environmental footprint, ensuring compliance with environmental regulations, being fully transparent about our performance in this respect, promoting the circular economy, conserving biodiversity, reducing our greenhouse gas emissions and energy consumption, developing the use of renewable energies, and intending to contribute to the 21st century’s energy transition.
  • Taking care to ensure that employees have a good working environment and conditions that respect work-life balance.


Confidentiality, information and communication systems

  • Requirements of business confidentiality apply to all communication means, including informal talks, physical documents, event recordings and social media; company email accounts, mobile/smartphones and internet access are intended for professional use.
  • Any communication deemed to have sexual, racist or xenophobic connotations, and, more generally, to be against the law, or to be vulgar, obscene or threatening, is prohibited and may lead to disciplinary measures, even dismissal. This includes, but is not restricted to, messages and jokes of a sexual nature, inappropriate proposals, and ethnic or racial slurs.
  • Our market footprint and our technical expertise are part of our assets: security, confidentiality and integrity of all this information is to be preserved, whether it relates to products, services, data or technologies but also customers, employees, providers or suppliers, and business partners.

Respecting laws and regulations

The Group carries out its activities with due regard for the applicable laws and regulations in force, in particular respect for human rights.

Extreme vigilance is required on: Compliance with competition/anti-trust laws

Employees must:

  • Allow free and undistorted competition to operate and support level playing fields
  • Never participate, directly or indirectly, in anti-competitive commercial practices
  • Never communicate with rivals with respect to a customer’s call for tenders or rig the outcome of such a procedure
  • Should they be a witness of disloyal practice, they must promptly inform their management or the legal department of their entity.


Fighting corruption and fraud and finance-related crime

  • Definition of corruption: an act of corruption is defined as any direct or indirect action, whether monetary or of a different nature, intended to influence in any way an individual or an organisation in the performance of his/her functions, be it in the public or the private sectors, with a view to obtaining undue advantage. Such undue advantage might be, for example, the taking of a favourable decision awarding an unjustified privilege but could also be non-application of an unfavourable decision, such as suspending a rightful administrative sanction. Giving any kind of advantage to a person who, under the same conditions as described above, requests it, is also deemed to be an act of corruption. Corruption is a criminal offense.
  • Definition of fraud: deliberately misleading someone in order to obtain an illegitimate benefit or to elude a legal obligation. Fraudulent action therefore presumes intentional behaviour and a means of concealing the offense. In practice, fraud may be an act or an omission. Most commonly, it involves misappropriation of funds, theft of products or misuse of equipment, and may include falsification of documents. Fraud involving several persons is collusion.


Preventing conflicts of interest

  • A conflict of interest starts when a personal interest opposes the interest that we are in charge of defending.
  • In the company context, these are situations in which an employee has a personal or private interest – economic, financial, political, family, professional, religious, etc. – that could influence or could seem to influence his/her behaviour and decisions in the course of his/her duties.
  • There are four main types of situation: conflict between mandates or roles/family interests/acting on his/her own behalf/gifts and invitations.
  • Whatever the situation is, it is necessary to:identify the positions or situations at risk/encourage people to self-declare their at-risk situations/manage conflicts of interest and stop them when not manageable.

Other risks to compliance are to be taken care of, in particular:

  • Money laundering: this consists in concealing or converting money derived from illegal activities such as drug trafficking, terrorism, corruption or trade in any item that is prohibited by law and introducing that money into the legitimate channels of the economy. It is a criminal offense.
  • Violation of international sanctions, blacklists and embargoes: applicable international law and regulations regarding the control of imports and exports must be complied with. Employees must ensure business is carried out in strict compliance with the regimes of economic and financial sanctions imposed either multilaterally by the United Nations or the European Union, or unilaterally by certain states (the US, for example, on the US dollar). Specific sanctions may also be imposed on certain countries (embargoes) or on certain specifically designated entities (sanctions on companies) or persons (individual sanctions). These sanctions may take different forms, such as restrictions or prohibitions concerning:
  • import or export operations with the countries sanctioned
  • investments in the countries sanctioned
  • financial transactions and negotiations involving a country sanctioned
  • travel to countries under sanctions.
  • Business confidentiality: as a leader in its market, Akiem Group must comply with all domestic or regional business regulations; in particular disclosing non-public information on Akiem Group or its partners is prohibited as it may result in breaching confidentiality and business agreements.

Respecting our ethics charter

Our organisation for promoting compliance with our Ethics Charter[1]:


At least once a year, the Group reports on its ethics framework and ensures the matter is on the agenda of the Group Executive Management Committee, which then provides an account of its discussions to the Security, Audit and Compliance Committee (and to the Supervisory Committee if required).


Right to whistleblowing and whistleblower protection:


  • Akiem Group has set up a dedicated whistleblowing framework.
  • Any employee of Akiem Group can report any act or fact that would violate the law or the Akiem Group Ethics Charter or is likely to negatively impact the Group’s business or reputation.
  • On a non-exhaustive basis, whistleblowing could be related to failures of honesty (fraud, corruption, financial or accounting wrongdoing, theft, breach of confidence, etc.); damage to the environment, to people’s safety or to human rights (dangerous situation, forced labour, harassment, discrimination, etc.); or abusive use or misuse of the wealth and communication means of Akiem Group.
  • The whistleblower’s identity is kept anonymous unless she/he formally agrees to waive the confidentiality of her/his identity for the purpose of the investigation.
  • Whistleblowers acting in good faith are granted protection against retaliation. It is essential that whistleblowers act in a selfless manner and not as a means of being defamatory.  On the other hand, alerts raised with malicious intent, notably to harm the reputation either of a physical person or a company, can lead to disciplinary sanctions and may involve the civil and criminal responsibility of the author.
  • The Legal Department will take proceedings in cases where anonymous whistleblowing reveals cases of serious risk to the safety of customers, employees or equipment, or evidence is proven of serious acts of corruption, internal fraud, misuse of Group assets, illegal use of interests, influence peddling, favouritism, etc.

[1] The French version will be the reference for the French entities. The German version will be the reference for all German entities. The same principle of local language will apply equally to all significant Group entities. For the other entities, the English version will be the reference.


Code of business conduct

The Code of Business Conduct completes our Ethics Charter by defining concretely the rules of individual and collective behaviour that must motivate the choices we make, guide what we do and keep Akiem Group values at the forefront of our minds on a daily basis.

Compliance with legal requirements and policies

The Code of Business Conduct reflects the particular attention paid by Akiem Group to international principles and local laws governing:

  • quality, health and safety standards
  • railway regulations
  • labour law
  • the environment
  • corruption and money laundering, data privacy, accurate communication of financial and non-financial information, and fair competition.

As a consequence, every Akiem Group entity and employee must comply with the laws and regulations of the countries in which we operate. Where there is a difference between a legal requirement and our Code of Business Conduct or our policies, we must always apply the highest standard.

In addition, Akiem Group has signed the European Railway Safety Culture Declaration and is committed to promoting and applying its guidelines.

Respect of people

We are committed to providing a safe working environment where there is respect and equal opportunity for all, including in our recruitment, training and career development processes.

Specific rules and guidelines vary from country to country; however, as an organisation, Akiem Group is committed to promoting a positive and productive workplace environment and to providing a healthy work-life balance.

In particular we promote telework, take care of workspaces and tools to benefit employees’ comfort, and respect employees’ evenings, weekends and holidays.


Respect of human rights


We are committed to respecting and promoting human rights and are particularly vigilant about issues covered by the fundamental conventions of the International Labour Organisation (prohibition of child labour and forced labour, respect of freedom of association).




We do not tolerate violence, harassment and any form of discrimination against individuals based upon race, religion or belief, national origins, gender, sexual orientation, age, disability, or any other basis prohibited by law.




Akiem Group does not tolerate retaliation against anyone making a report in good faith or for participation in any aspect of an investigation, proceeding or hearing. Reports made in good faith must be honest and accurate; we do not tolerate the filing of any reports intended only to harm an employee’s career or reputation.


Health, Safety and Environment (HSE)


HSE is part of our strategy and culture and is an everyday priority.

The Group is committed to ensuring HSE training. Nevertheless, it is essential that each employee understands and applies the specific health, safety and security standards and practices associated with his or her position. For instance, wearing Individual Protection Equipment in workshops, or during a visit to or an intervention on site is compulsory.

Each of us must have a benevolent attitude towards our colleagues and partners and must not hesitate to advise, warn and alert those concerned if a situation that could affect the integrity and health of a person should occur.

To re-emphasise our commitment to safety, we must work free from the influence of alcohol or illegal drugs. These substances adversely affect job performance and can risk our health and safety and that of others. If you suspect that a colleague is intoxicated, under the influence of alcohol or illegal drugs, you should report the situation to your manager.


Railway system safety

Akiem Group, our personnel, assets and services, contribute to the European Railway System Safety performance. Safety management culture is part of our DNA and our aim is that our contributions as rolling stock keeper, Entity in Charge of Maintenance or as a simple stakeholder in the railway environment do not lead to any railway accidents.

With this in mind, Akiem Group adheres to and is commited to implementing the European Railway Safety Culture Declaration:

A positive safety culture reinforces the effects of a Safety Management System, improving the capability and efficiency of safety management.

  • Safety is a main driver of the efficiency and reliability of railway services. Safety must not be compromised when different business goals conflict with it. Our vision statements, targets and indicators, resource allocation, and all aspects of strategy and daily operations will support this. Good safety management is proactive, relying on a risk-based approach.
  • Akiem Group will promote safety, reporting and fair culture principles among management, employees and with other parties, including authorities, contractors, suppliers and service providers. Together, we will actively foster mutual respect, support and cooperation to build trust across our organisations and create a shared understanding of workplace reality.
  • Safety is an individual responsibility commensurate with the training, experience and professional standards that fit the role or function. Our organisations are responsible for encouraging positive safety behaviour and providing the appropriate environment to allow work to succeed safely, including job design, tools, training and procedures.
  • In an operational railway environment, individuals, despite their training, expertise, experience, abilities and goodwill, may face situations where the limits of human reliability combined with unwanted and unpredictable systemic influences may lead to an undesirable outcome. Our organisations are committed to taking the necessary steps to manage risks including those related to the limits of human reliability.
  • Investigation and analysis of occurrences shall address system performance, and the conditions and factors that influence the work practice rather than apportioning blame or individual responsibility. This approach is to be followed except in cases of gross negligence, wilful violations and destructive acts that seriously compromise the level of railway safety.
  • Positive safety behaviour and initiatives are to be captured and shared within and across organisational boundaries to demonstrate that we value the continued improvement of safety.
  • Individuals at all levels in our organisations are part of actively defining how to continuously develop, promote and regularly assess organisational principles and practices to foster a positive safety culture.

Transparency with our customers, suppliers and business partners

We are convinced that ethical business practices ensure our current and future success. This is why we strictly adhere to policies and laws that promote fair competition in the marketplace and that safeguard against anti-competitive practices, bribery and corruption. Violations in these areas could have severe consequences for Akiem Group and those individuals involved.


Corruption often occurs in secrecy. It is the reason why for all business matters that could significantly affect Akiem Group’s commitments, knowledge, reputation or assets, meetings with third parties should involve at least two Akiem Group employees. Another core element of transparent business conduct is proper documentation. Avoid entering into any agreement without proper written documentation.


Dealing fairly and honestly with customers, suppliers and business partners


In everything we do, we seek to add value for our customers. We are determined to fulfil our commitments and deliver promised traction solutions and maintenance services.

We respect our customers, suppliers and business partners, intellectual property and confidential information. We refuse unethical means of obtaining such information.


Respecting fair competition practices


We believe in and promote the principle of unrestricted and fair competition. Being careful to comply with antitrust laws, we do not exchange sensitive business data or information with competitors.

For instance, do not engage in discussions or make agreements with any actual or potential competitor about pricing policies, discounts or other terms of sale, or splitting markets or customers.


Guaranteeing integrity in procurement and business partner selection


For Akiem Group, business partners are our suppliers, service providers, consulting firms and labour providers.

As a rule, the use of intermediaries is not authorised. An intermediary is understood as a business facilitator, assisting the Group in approaching a market, an activity or a country, where the Group aims at developing its business. The intermediary’s remuneration typically integrates a success fee without demonstrating the materiality or effort to deliver the service or advice.

Any derogation to this rule is to be formally analysed, presented and pre-approved by the Group Legal Director.

We select business partners based on quality, need, performance and cost. We expect our business partners to be as committed as we are to human rights, fair sales and marketing practices, confidential and personal information protection, intellectual property, and anti-bribery.

It is the responsibility of each Akiem Group employee and manager to select business partners based on merit, without any favouritism or discrimination during the selection process.

Investing in a business partner or lending money to a business partner is not permitted. We may not directly or indirectly accept any kickback or bribe.


Dealing with public bodies


Within the Group, only nominated “Referents” are allowed to interact with public officials (such as officers or employees of the public administration, of a government agency, a state-owned company, etc.).

Any dealings with government representatives or administrative agencies must comply with the regulations in force in the country of the government representatives or administrative agencies.


Joining business associations or working groups


We need to be careful when joining business or industry associations or working groups as these may cause us to interact with competitors. We must be very careful to respect the integrity of the marketplace and to not exchange sensitive data or information. Such participation is subject to Group pre-approval.

Integrity, sincerity and reliability

Corporate integrity


Preventing corruption


Our principle is very clear: corruption is prohibited. Employees must not initiate, proceed with or participate in any action, direct or indirect, with or without money involvement, aimed at influencing, in any way, people or organisations in the performance of their functions in order to gain undue advantage.

Corruption may take many forms, such as common social or business practices, including gifts, invitations, sponsorship, donations, etc.


Gifts and hospitality


Do not give or accept:

  • any advantage that does not have a clear business purpose
  • advantages that are so frequent or of such a value that the giving or acceptance thereof may potentially be regarded as excessive
  • any advantage in a non-transparent manner; in particular, neither private postal address nor personal email account is to be used.

This list is not limitative.

  • Note that, by exception, in some countries, giving or receiving gifts or services is a mark of courtesy and is not prohibited. However, the value of the gift or service must be within reason, correspond to commercial practice, and be appropriate for the circumstance.
  • All gifts, entertainment and business meals provided or received must be reasonable and small enough to not influence our decisions.
  • For gifts, invitations and hospitality matters, please refer for more precise instructions to the Akiem Group Gifts & Hospitality Policy.


Donations and sponsorships
  • Donations and sponsorships require pre-approval from the Akiem Group Commitment Committee. They are devoted to a specific purpose in line with the principles of our Ethics Charter (charitable, humanitarian, cultural reasons, sustainable development, etc.).
  • Donations to political organisations are not authorised within Akiem Group.


Financial integrity


  • Accurate business records are essential for Akiem Group management and to maintain and safeguard shareholder confidence. All entities’ books and accounts must precisely and accurately record all of the entity’s assets, liabilities, expenses and other transactions in accordance with all accounting principles, policies and laws.
  • Accurate accounting and recordkeeping are critical to prevent corrupt and fraudulent acts. All expenses, payments, records and books must accurately reflect the use and nature of transactions.


Personal integrity


Conflicts of interests


When you are performing your work, you are responsible for acting professionally and making business decisions in the best interest of Akiem Group without any consideration of personal gain.

A conflict of interest can arise in situations where there is a risk that your personal interest will conflict or interfere with those of the company. You are required to disclose to your manager any personal interest, including outside employment, transactions or relationships that might jeopardise your objectiveness or professionalism in the performance of your work.

In particular:

  • you must disclose and apply for approval from your Human Resources Department before engaging in outside employment or consulting, or serving on a Board of Directors (or comparable position) of an external organisation
  • you should not participate in an existing or potential decision involving any personal relationship. In case of doubt, consult the Legal Department to discuss the potential conflict of interest before making a decision.
Insider trading


Akiem Group and its legal entities regularly conduct business with private or publicly traded companies.  In the course of this business, you may become aware of confidential information about a company, customer or business partner as part of your work. Buying or selling shares of a company while being aware of such information is considered as insider trading. As a general rule, inside information includes any information that is not public and that may have an effect (positive or negative) on the price of a company’s shares if it were to become public knowledge. For example, ongoing negotiations with a European locomotive supplier for the purchase of a significant number of locomotives may affect the market value of the supplier if listed. Disclosing information on the deal under consideration to external third parties may be considered as insider trading.

You may not provide inside information to anyone so that they can take benefit from it. Insider trading is prohibited.


Protection and development of our assets

Akiem Group’s reputation depends on the behaviour of each and every one of us. Particular attention is needed on social media if engaging your own reputation and Akiem Group’s reputation. Remember that whatever you write on the internet is, in practice, never deleted.


Protecting Akiem Group resources


Company resources are intended to help employees achieve Akiem Group business goals. Misused or wasted company resources, including employee time, hurt us all and adversely affect the operational and financial performance of Akiem Group.


Protecting Akiem Group information


All information related to Akiem Group that is not in the public domain must be protected and treated confidentially, even if there is no formal obligation of confidentiality. Confidential information includes all non-public strategic, financial, technical or business information belonging to Akiem Group, as well as all business information belonging to our third parties (business partners, customers, etc.).

You are required to pay particular attention to IT confidentiality, such as data protection and data security. The information found on IT systems (hardware, software, networks) is critical to our business success and must be protected.

Protecting Akiem Group employees’ confidential information


We take measures to protect our employees’ personal information. Personal information can include government-issued identification numbers, contact information and birth date, financial, medical and compensation information, performance evaluations, promotions and other employment-related information.

Access to this type of information is limited to authorised individuals. We use, manage and dispose of such information in compliance with applicable laws. We are committed to complying with all relevant data privacy requirements of the jurisdictions in which we operate.


We expect all employees and entities to work together in a respectful and open manner. Teamwork is encouraged and successes, as well as failures, should be shared.


We should all aim to give credit to other people’s ideas and recognise the contributions of others. We should listen with generosity and share information as needed with respect of confidentiality.


Being responsible means acting with transparency, being able to explain the rationale of decisions in connection with your area of responsibilities.


Raising concerns


It is in the best interest of Akiem Group to speak up when we witness or suspect an activity in violation of our Code or policies.

The normal route for raising such issues is via your management. You can also contact your Human Resources Manager.



A dedicated whistleblowing platform is available for all Akiem Group’s employees. There may be additional channels available in your country, such as staff representatives.

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Akiem Group governance protects the interests of its shareholders and the missions entrusted to the Group’s business units, ensuring that the very strictest standards are always applied. Find out more