Ethics and compliance: the Group’s values

Corporate values and reputation. Ethics and the fight against active and passive corruption. Whistleblowing.

Values

The Group commits to promoting ethical and responsible behaviour that guarantees compliance with its policies and Code of Ethics as well as the laws of the countries in which it operates.

The Group supports the United Nations Global Compact initiative and submits an annual Communication on Progress to set out the steps it has taken in this regard.

Corporate values and reputation

The Group has established a series of Ethics Policies and Code of Ethics that serve as a guide for its activities and those of its subsidiaries, with the purpose of promoting a strong ethical foundation and a corporate culture which respects the laws in force in the countries in which it operates.

The Group is committed to ensuring that such values are shared by all employees, suppliers, or any other party related to the Group.

Ethics and the fight against active and passive corruption

The Group does not tolerate any form of abuse of power, bribery, active corruption, or passive corruption, either in its relationship with public administrators or with private entities. The Group has defined these principles in its Code of Ethics, and C.L.N. S.p.A. and its Italian holding companies, MA S.r.l. and MW Italia S.r.l., have adopted: The Model for management, supervision, and organization in accordance with Italian Legislative Decree n°231/2001 and The Anti-corruption Code of Conduct.

Awareness training is conducted, and policies are in place to ensure conflicts of interest, where employees are confronted with choosing between their duty to the company and their own private interests, are correctly managed.

The Group prohibits all anti-competitive practices and supports free and open competition.

The Group and its employees are required to ensure that all laws and regulations related to the abuse of power and corruption, conflicts of interest and anti-competitive practices are respected in full, in every jurisdiction of operation.

Whistleblowing

The Group has a specific Whistleblowing Policy where corruption and bribery, conflicts of interest, anti-competitive practices and other serious breaches of Group policies and the Code of Ethics can be reported through the whistleblowing web portal.