The LOTOS Group’s responsibility towards society and the natural environment manifests itself in carrying out production activities in a manner preventing degradation of natural and social capitals. The LOTOS Group feels responsible for its products towards the state, the market, our partners, customers and employees.
The Group conducts its business in compliance with ethical principles, respecting standards in all areas of its operations. We have adopted a system of values which is founded on respect for the needs of society and the natural environment.
To the LOTOS Group, sustainable development is an integral part of its business. The Group is aware of its community and environmental impacts. Therefore, as a socially responsible corporate citizen, it is guided by ethical values in conducting its business.
The organisation is strongly committed to compliance with international standards, such as ISO 26000, with respect to corporate governance, human rights, labour practices, the environment, fair operating practices, consumer matters, as well as community engagement and development.
In 2019, the LOTOS Group addressed the challenges defined by 17 Sustainable Development Goals (SDGs) until 2030, Vision of Sustainable Development for Business in Poland until 2050, and the ten Global Compact principles.
In line with the Vision of Sustainable Development for Business in Poland until 2050, the Group has undertaken to:
The Ethical Conduct Programme, which is the cornerstone of our activities, enables effective and ethical management of the LOTOS Group’s organisational culture. It builds value for our employees and external stakeholders.
The Ethical Conduct Programme comprises:
The Code of Ethics defines the system of ethical values and standards of conduct our employees are expected to uphold in the workplace and in relations with key stakeholder groups. Breaches of the Code of Ethics are reported to and handled by the Ethics Officer, who oversees compliance with the LOTOS Group Code of Ethics.
The Ethics Officer is available to each employee and trading partner of the LOTOS Group.
The following methods can be used to communicate with the Ethics Officer:
Grupa LOTOS S.A. operates in compliance with the Code of Best Practice for WSE Listed Companies. Compliance with the Code helps us build the Company’s ethical culture, which is vital for our relations with the market environment and for building our market position.
The LOTOS Group operates a Misconduct Prevention Policy, aimed at enhancing the security of its business processes.
The risk of misconduct is mitigated through effective management. Should the risk materialise, an emergency plan is in place that ensures immediate mobilisation of resources to explain the situation, mitigate its adverse impacts, return to normal operations, and prevent recurrence.
Stakeholders can report any suspected irregularities and/or misconduct via specified open communication channels, including the Grupa LOTOS Internal Audit Office.
In the organisation, no misconduct is tolerated. The organisation has signed the United Nations Global Compact’s Call to Action on Anti-Corruption, a global initiative where businesses join forces to fight corruption in all its forms. The Misconduct Prevention Policy and other internal anti-corruption regulations are known to all employees of the LOTOS Group companies. All new hires receive relevant training, including information on anti-corruption regulations and liability in case of non-compliance. Moreover, employees are repeatedly reminded of anti-corruption rules during their employment.
In 2019, the LOTOS Group made progress in the implementation of the Misconduct Prevention Programme and monitored solutions developed under the programme. A number of educational initiatives, including training and publications, were undertaken to enhance the organisation’s resilience to misconduct and to raise the awareness and engagement of both management personnel and other employees.
The misconduct prevention and detection measures taken by the organisation are viewed as effective. These measures included:
Misconduct prevention measures include the obligation for all Group companies to vet their trade partners in accordance with the procedure and to ensure compliance with the Misconduct Prevention Policy.
All the LOTOS Group companies were assessed for the risk of corruption in 2019.
At the LOTOS Group, (depending on the scope of a given company’s operations and needs) the following due diligence procedures are applied that are consistent with applicable standards, under certified management systems:
Other management systems or their components implemented at the LOTOS Group but not certified:
Here you can store your favorite Report pages.
You can print them or add notes.
Content is loading...
You have 4 page(s) in Briefcase
Your pages | Notes | Action | ||
---|---|---|---|---|
Struktura zarządzania | ||||
Ład korporacyjny |