CSR

• CSR in Millicom
• CSR Governance
• Our Position on Key Issues
• Initiatives
• Code of Ethics
• Supplier Code of Conduct

Corporate and Social Responsibility in Millicom

The CEO's word

In the 16 emerging markets where Millicom operates, our ambitions for the future are high. Millicom is among the biggest companies in the markets where it operates and therefore has a strong sense of responsibility and a long term interest in ensuring that today's development benefits all and remains sustainable.

For Millicom, working responsibly means meeting the expectations of our stakeholders.

Governments and Regulators

Millicom has observed the highest standards of business ethics and integrity, since its foundation in Luxembourg in the early 1990s. This commitment is evident in our Code of Ethics. As a Nasdaq listed company, Millicom also complies with the US Foreign Corrupt Practices Act.

We encourage effective telecom regulation and fair competition, as a means to build and maintain a sound business environment.

Suppliers

Our intention is to work only with suppliers who share our responsible business practices, as stated in our Supplier Code of Conduct.

Society and Environment

Millicom has developed a corporate position on six issues affecting our business and is developing programs in support of these positions across all operations. These issues are: Radio Frequency Fields, Child Labor, Electronic Waste, Energy and Climate Change, Responsible Use of Phones and Visual Pollution.

Millicom is conscious of its impact on the environment and is committed to reducing its energy consumption. We participate in the Carbon Disclosure Project, which will help us progressively to measure, report and reduce our carbon dioxide releases. In the countries where we operate, we lead local initiatives to set up handset and e-waste recycling channels.

The Board's CSR Committee has approved the re-investment of some of our profits in the communities which contribute to our growth. Initiatives take place in all operations, focused primarily on the theme "Access to today's world through education".

Employees

In the spirit of Tigo, Millicom seeks strength in diversity amongst its employees in order to foster creativity. Among the 80 employees at our headquarters in Luxembourg more than 25 nationalities are represented. At the same time, Millicom seeks to build local capabilities. Local staff represent 97% of our employees across our 16 operations and we provide them with continuous training through the "Tigo Talent School" programs and foreign assignments.

Shareholders

Millicom adheres to the standards and requirements of the US Sarbanes-Oxley Act, which legislates for corporate governance, financial disclosure and the practice of public accounting in the interest of equity investors.

Overall, our governing values lead us to strive continuously to improve our business practices, to sustain profitability in the long term and to engender pride in the company we work for.


Mikael Grahne
President and CEO