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LT

Code of conduct for suppliers

Code of conduct for suppliers

OBJECTIVE

Being one of the largest construction companies in Lithuania, Panevezio statybos trestas AB recognizes, understands and feels responsible for the impact of the corporate activities on the social, economic and natural environment. The company is committed to complying with the laws, regulations and agreements applicable to its operation. 

Panevezio statybos trestas AB strictly adheres to the standards related to fair business, people and community as outlined in this Code of Conduct for Suppliers and expects the same from its suppliers.

Panevezio statybos trestas AB treats its suppliers in a fair manner and considers them in accordance with the criteria of professionalism, fairness and equality. The supplier's ability to comply with the requirements of this Code is a critical factor in its decision to cooperate or extend its business relationship with the supplier.

Each supplier must ensure that its sub-suppliers do not violate any standards of this Code.

FAIR BUSINESS

BRIBERY AND CORRUPTION

Panevezio statybos trestas AB expressly speaks against any form of bribery and corruption. We strive for all business transactions to be conducted in a transparent and fair manner, so that business suppliers do not offer or give bribes, unreasonable rewards, and refuse to accept them. 

COMPETITION

Business suppliers should compete ethically and responsibly to gain a competitive advantage in terms of price and quality.

We ensure transparency and objectivity in our supplier selection through the procurement procedure included in the Corporate Management System, which defines clear criteria for the supplier selection and evaluation: the price, quality, delivery and payment terms of a product or service.

GIFTS

The suppliers must ensure that business gifts, meals or entertainment comply with the general business expense policy, and are arranged in good faith to develop and strengthen relationships with the clients. No business gifts are intended to directly benefit the company or influence business partners in making decisions.

CONFLICT OF INTERESTS

The suppliers are required to disclose information on any situation that may give rise to a conflict of interest that could harm the Company's interests to the benefit of his or his close person’s private interests. The situations where the employees’ personal, family or financial interests may conflict with those of the Company should be avoided. 

CONFIDENTIALITY

The suppliers should protect and keep any confidential information they receive or become aware of in the course of their work. Such information should only be used for the purposes permitted by Panevezio statybos trestas AB.

WORKING CONDITIONS

HUMAN RIGHTS AND REGULATIONS OF LABOUR

We expect the suppliers in all branches of the company prohibit all forms of discrimination and harassment. The company strives to provide a work environment based on respect for fundamental human values.

HEALTH AND SAFETY

We expect the suppliers to prioritize health and safety for the employees and business partners, create safe and healthy workplaces, work to consistently reduce the risk of accidents, and prevent incidents and ill-health.

ENVIRONMENT PROTECTION

We expect suppliers to protect the environment and understand their responsibility for continuous improvement of their operations in an environmentally responsible manner, complying with regulations applicable in this area.

IMPLEMENTATION

We expect the suppliers to establish, implement and properly document their internal business practices and ensure they are familiar with and comply with this Code. The suppliers must ensure their subcontractors comply with the terms and conditions as well as the standards of this Code. 

MONITORING

Panevezio statybos trestas AB reserves the right to verify individual suppliers' compliance with the Supplier Code of Conduct by performing its own audit and/or assigning such performance to a third party. The suppliers must allow performing such audit, allow the auditors meet the employees and the employed workers, not discriminate against the employees, or harm them for comments made to auditors.

If the Supplier fails to comply with any of the requirements of the Code, he is expected to start complying. 

After identifying significant breaches of the Code, Panevezio statybos trestas AB reserves the right to terminate the agreement with such supplier.

In case of any breach of the Supplier Code of Conduct by the employees of Panevezio statybos trestas AB, information on this may be reported to info@pst.lt