Business ethics and integrity
Acting with respect and integrity is one of our core values. Treating someone with respect means behaving towards them in a way that shows you understand their worth, dignity and uniqueness. It is a fundamental element in professional relationships and ethical conduct. Behaving with integrity means consistently acting according to certain values and moral principles.
We have created a number of codes and policies to ensure we do business in an honest and proper manner, in full compliance with all national rules and regulations, to secure the long-term future of our organisation.
Ensuring legal compliance within our organisation
Recticel believes in respect, integrity, honesty and fairness and values all its employees, and business partners. Ultimately, our business is built on people and the way they act. All of our employees, workers or managers, and their way to act, will determine the trust in and the reputation of Recticel. It will shape how customers regard our products, how employees regard our work atmosphere and how shareholders regard their investment.
Our reputation is one of our most valuable assets. The Recticel Ethics Policy contains the fundamental standards all business units in all our business lines as well as all employees and managers of the Recticel group constantly respect, remind and abide to.
Furthermore, we have created corporate policies, which are further detailed in the Recticel Business Control Guide. The Guide provides more specific guidelines on, for instance, purchasing, tax, treasury matters, accounting policies, investment approval and HR procedures.
Corporate compliance is embedded in all our policies. We have developed guidelines for awareness creation, templates to report compliance issues, whistleblowing procedures and speak-up lines enabling employees and workers to address issues in a variety of ways. Other measures include:
- A Compliance Committee to address issues such as fraud, theft and bullying
- Various ways for Recticel employees to speak up and report issues, either directly or anonymously
- Detailed internal audits of Recticel plants conducted, on average, every three years. The audit focuses on one main process-based aspect but also checks understanding of elements such as the Business Code of Conduct and whistleblowing procedures.
Ongoing training is one way in which Recticel aims to ensure compliance throughout the organisation. We offer e-learning modules and face-to-face seminars on intellectual property, confidentiality, competition law, global data protection, basic contract law and product liability.