The Company has adopted a Code of Business Conduct Policy to establish a unified set of ethical standards and legal principles that all Employees are expected to uphold when interacting with clients, communities, and one another. The Company also requires Third Parties working for or on its behalf to adhere to these same ethical standards.
The goodwill, welfare, development, and success of the Company are largely dependent on the internal atmosphere and the attitude of Government Authorities, investors, partners, counterparties, and other stakeholders. Their confidence in the Company is earned through its unwavering commitment to high standards of ethics, honesty, and social responsibility. In addition to complying with the rules and regulations of applicable legislation and the Company’s Charter, we also set and follow standards of business ethics that reflect our commitment to legal and ethical conduct within the Republic of Azerbaijan.
The Code is grounded in the values, beliefs, and professionalism of the Company’s leadership and reflects the commitment of both the Company and its Employees to high ethical standards, transparent business practices, and honesty. The goal is to continuously improve corporate culture, follow best practices in corporate governance, and maintain the Company’s business reputation. The Company will not tolerate any illegal or unethical actions.
The Code is designed to comply with applicable legislation and aligns with generally accepted standards of business conduct and ethics. Specifically, we aim to:
- Conduct business fairly and with integrity, strictly adhering to our obligations, maintaining a reputation as a reliable partner, and ensuring transparency in transactions and deals;
- Observe all applicable laws while respecting the cultural traditions and business customs in the regions where we operate;
- Pursue continuous improvement of our effectiveness as a strategic objective, which enables us to contribute to social projects, enhance the welfare of our employees and society, and support the Republic of Azerbaijan as a whole;
- Create and sustain a positive work environment where all employees have equal opportunities to develop their professional skills and talents.
The Company recognizes that for its growth strategy to succeed, it must establish a business philosophy rooted in sustainability that balances economic prosperity, environmental stewardship, and social responsibility. The objectives of the Code are to:
- Develop and implement clear, uniform business ethics standards, as well as key principles of professional conduct for Employees within the Company and when interacting with Third Parties;
- Foster an atmosphere of honesty, integrity, trust, and mutual respect within the Company;
- Enhance transparency and build credibility with Government Authorities, partners, suppliers, customers, and other stakeholders;
- Mitigate reputational risks associated with unethical behavior or actions that could be perceived as unethical or non-compliant with applicable legislation.
Core Principles
In all business dealings, the Company adheres to the following core principles:
- Legitimacy
- Effectiveness
- Honesty and Openness
- Professionalism and Competence
- Corporate Social Responsibility
- Commitment to Ethical Practices
The Company is further committed to:
- Providing equal opportunities for all employees and prohibiting any form of discrimination;
- Banning the use of alcohol, drugs, and other substances in the workplace;
- Preventing disrespectful behavior, violence, and threats;
- Safeguarding the confidentiality of sensitive information and personal data;
- Prohibiting bribery and improper payments;
- Maintaining proper disclosure and whistleblowing mechanisms.