ECONOMY

BUSINESS: 333 PRACTICES


TOPIC:

Initiative

Code of Conduct and educational program about Transparency/ Anti-corruption

Code of Conduct and educational program about Transparency/ Anti-corruption
SUBMITTED FROM:

HALCOR SA

HALCOR is a leading Group of companies that specializes in the production, processing and marketing of copper, copper alloys and zinc products. It has a dynamic commercial presence in the European and global markets for more than 75 years.

 

Read more: www.halcor.com

 


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Objective Action

To establish a Code of Conduct that further promotes ethics, honesty, transparency and professionalism throughout our Company. Additionally, a related educational program that was coordinated by the company aimed at informing and raising the executives and managers’ awareness on transparency, anti-corruption and  corporate governance issues.

 

Target Audience

The Code of Conduct and its related procedures & measures are applicable to all employees, senior executives, officers and directors of Elval and its subsidiaries. Executives and directors of Elval participated in the educational program.

 

Duration

The Code of Conduct was introduced on 2014 and this educational program began in 2010 by training all Elval’s executives, while the year 2014 the company’s administrative employees received the same training. The company aims to apply the practice in its subsidiaries too in the near future.


Description

Elval, which implements more and more actions for responsible operation, proceeded to plan and implemented an important educational program about transparency, anti-corruption and corporate governance. This educational program began in 2010 by training all Elval’s executives, while the year 2014 the company’s administrative employees received the same training. 

Our Code of Conduct, combined with our rules of corporate governance and our policies, provide the framework for our corporate operations. It is in line with ISO 26000 and the 10 principles of the UN Global Compact, which aims to align businesses with human rights, labour, environmental care and anti-corruption principles. The principles of our Code of Conduct are based on the OECD guideline for multinational enterprises.

Our Code of Conduct contains fundamental principles, rules and core values which form the framework for our corporate actions. This set of standards describes the behaviour we expect of our people, as well as the way we conduct our business with our partners and third parties.

Elval conducts its business in a framework of relevant laws, regulations and internal policies. However, we recognize that this may not govern all behaviour. We feel it is important for all our customers, suppliers and our own people, as well as other stakeholders, to understand exactly what we stand for and how they can expect us to conduct ourselves.

The combination of our Code of Business Conduct and Corporate Principles provide an excellent foundation for creating the trust that plays a key role in our sustainable business success.


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Impact on Society

This educational program began in 2010 by training all Elval’s executives, while the year 2014 37 out of 209 of the company’s administrative employees received the same training. As a whole, the company has trained 20% of administrative employees and 100% of its executives on Corporate Governance, Transparency and Anti-corruption issues.

To date there have been no incidences of corruption within the Company.



Initiative Location

Oinofyta Viotia – Elval’s facilities


Working with Organization

Our Code of Conduct was developed in cooperation with Grant Thornton Greece. The educational program was developed and implemented in cooperation with freelance associates.


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Workers Participation

The Code of Conduct and its related procedures & measures are applicable to all employees, senior executives, officers and directors of Elval and its subsidiaries. The majority of the company’s employees and executives participated in the program.


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Benefits for Οrganization

The benefits from establishing a Code of Conduct are valuable.

Defining the proper/ moral behavior and development of professional ethics culture to all employees. The Code of Conduct further promotes ethics, honesty, transparency and professionalism throughout our Company.

The program’s benefits are important to Elval and to society as well since:

  • Educating, informing and raising the employee’s awareness is achieved
  • Mentality change against corruption tolerance is put forward
  • Transparency in the company’s operation is strengthened.
  • The chances of relevant incidents taking place in the company are reduced
  • The risk connected to the presence of relevant incidents is reduced
  • The company’s commitment to morale and responsible operation is evident.



Connection with Global Goals



No Connection with Global Goals found





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