At IVL, we practice zero tolerance towards bribery and corruption and adhere to strict policies along with all local, national, and international laws. A comprehensive Anti-Corruption Policy is included in our CG Manual, where we define corruption and explain important practices to avoid any types of engagement or corrupt practices. In 2020, we developed an Anti-Corruption Assistance Package which was shared with all units. This package, based on anti-corruption frameworks that are widely accepted, both in Thailand and internationally, was warmly received by the units and will help further reinforce the anti-corruption culture across IVL. With our ongoing effor ts to strengthen existing procedures and protocols, the CGPAC Team introduced a Conflict-of-Interest Assistance Package in June 2021, which provides suggestions, examples, and a detailed flowchart on how to manage a conflict of interest. ANTI-CORRUPTION Toensure thenew initiatives are effectively communicated, the CGPAC Team conducted three online sessions for local teams responsible for its implementation and shared video recordings of the sessions to all units for thei r future reference and to ensure a proper understanding by all participants. Development of a Conflict of Interest Assistance Package To support the implementation of the Conflict of Interest Policy at IVL’s subsidiaries, the Conflict of Interest Assistance Package was developed and circulated at all units in June 2021, which provides a detail on how to managea conflict of interest. TheCGPAC teamconducted three online communication sessions for local teams responsible for implementing the assistance package. To ensure they had a good understanding, the teamalso shared video recordings of the sessions with all units for their future reference. 57 SUSTAINABILITY REPORT 2021 2021 Compliance Highlights No ma t e r i a l l i t i ga t i on pending against IVL or our subsidiaries that negatively impacted our assets exceeding 5% of shareholder equity and no l i t i ga t i on t ha t had a s i gn i f i cant e f fec t on our business. No case of material non-compliance. No penalties were imposed on I VL for mate r i a l noncompliance with respect to c o r p o r a t e g o v e r n a n c e regulations. The same outcomes are targeted for 2022. No material cases or incidents of corruption or bribery; no employee, contractor or supplier was dismissed; and no contract with any business partner was termi nated due to a l l egat i ons of corruption. Highlights No legal case involving corruption or anti-competitive practices was brought against IVL or our employees. Responsible Business and Effective Governance Driving Sustainable Value Creation and Growth Towards Net Zero Carbon Empowering Our People and Communities Global Performance Data GRI Standard Content Index
RkJQdWJsaXNoZXIy ODg4NTI=