SUSTAINABILITY > STRATEGY AND GOVERNANCE > BUSINESS ETHICS

STRATEGY AND GOVERNANCE

At Kordsa, with the efforts of our employees, we continuously improve our operational processes, balance the use of our global resources, and focus on growth that creates sustainable value for all our stakeholders.

BUSINESS ETHICS

The Code of Business Ethics that regulates Kordsa's relationships with its customers, employees, shareholders, suppliers, business partners, competitors, the environment and society covers four main headings, namely legal obligations, integrity, confidentiality and conflict of interest. While protecting the rights of beneficiaries, Kordsa, in all its operations and relationships, abides by the Code of Business Ethics, approved by the Kordsa Board of Directors on September 15, 2009.

The Kordsa Code of Business Ethics developed by Hacy Ömer Sabancy Holding and revised to suit Kordsa is available in the native languages of the countries we operate in (Turkish, English, Bahasa, Thai, and Portuguese) and is published on our website.

In order to manage the Code of Ethics, a Code of Ethics Consultant responsible for the correct implementation of the Code has been appointed to each plant. The Code of Ethics and all relevant policies are reviewed and revised by the Ethics Board of Sabancy Holding in line with recommendations received from the Code of Ethics Consultants, and once approved by the CEO of Kordsa, are announced to all employees.

Stakeholders who would like to report an incident or file a complaint can find the names, e-mail address (etik.tr@kordsa.com) and phone numbers of our Code of Ethics Consultants on our company's website. The Code of Ethics Consultant and/or Ethics Board is responsible for investigating and resolving complaints and reports the violations of ethical rules through Ethics Investigation Forms, in line relevant policies within the context of the Kordsa Code of Business Ethics.

Reporting to the Chairman of the Board of Directors, the Ethics Board of Sabancy Holding is composed of persons holding the following positions: Chairman- Head of Internal Audit Department, Member- Head of Department in charge of Legal Affairs of H. Ö. Sabancy Holding Member- Head of Department in charge of Labor Relations of H. Ö. Sabancy Holding.

Once they are hired, all employees sign the Business Ethics Compliance Form stating that they have read and understood it. New recruits of white-collar employees receive a half-an-hour online training on ethics on KEEP training platform supported with videos, cases and questions, whereas blue-collar employees receive classroom trainings for about four hours. The Business Ethics Compliance Form is considered as a risk assessment tool and filled in by each employee whether blue or white collar.

The Global/Local Code of Ethics Consultants are responsible for informing employees about ethical rules, deliver regular trainings to ensure policies and rules are understood and to communicate continuously with employees regarding this issue. On the other hand, in Intouch Seminars organized every three months with employees, our CEO always brings business ethics issues on the table and reminds employees our company's zero tolerance around this framework.

Please Click here for Kordsa Code of Business Ethics