Business Ethics
Kordsa is committed to oversee business in an ethically suitable manner. Kordsa Code of Business Ethics is our fund for trust for our employees, stakeholders, customers, suppliers, business partners, competitors and the society. It 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 newly updated Kordsa Code of Business Ethics, approved by the Kordsa Board of Directors on September 21, 2021. The Kordsa Code of Business Ethics was originally developed by Hacı Ömer Sabancı Holding and it has been revised for Kordsa. It is available in the native languages of the countries we operate in (Turkish, English, Bahasa, Thai, and Portuguese) and is published on our website.
Responsibility
Kordsa Executive Lead Team and Ethics Board are the main responsible for the implementation of Kordsa Code of Business Ethics. In order to manage this, an Ethics Compliance Officer, is appointed to each site (Turkey, Indonesia, Thailand, Brazil, USA). Ethics Board is comprised of Global Ethics Compliance Officer, Head of Legal and Compliance, Global Head of Human Resources, Global Head of Internal Audit.
Trainings
The Global/Local Ethics Compliance Officers have the responsibility toinform employees about ethical standards, deliver trainings to ensure that the relevant policies and rules are understood and to communicated regularly with employees. All employees, once hired, sign the Business Ethics Compliance Form stating that they have read and understood it and they participate in the ethics survey at year ends. Within the ethics questionnaire, there are questions that raise awareness and address the possible risks.
New employees receive a online and/or classroom trainings on ethics through a training platform supported with videos, cases and questions,. The Business Ethics Compliance Form servesas a risk assessment tool and completed by each employee.
Reviews
Kordsa Code of Business Ethics and all relevant policies are reviewed and revised if necessary, by the Ethics Boardin line with recommendations received from the Global Ethics Compliance Officers, Global Legal & Compliance Department, Local Ethics Compliance Officers, and once approved by the CEO of Kordsa, are announced to all employees.
Notifications
Stakeholders who would like to report an incident or file a complaint can find the names, e-mail addresses (etik.tr@kordsa.com) and phone numbers of the relevant Ethics Compliance Officer on our company's website or on the Kordsa Code of Business Ethics Kordsa 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. Our continuous target is to resolve 100% of the notifications/complaints of the year within the same year.
