Introduction
Standard Wool (UK) Ltd is committed to conducting its business in accordance with the highest standards of ethics, integrity, and legality. This Code of Ethics outlines the principles and standards that guide our business practices and behaviours. All employees, directors, officers, and representatives of Standard Wool (UK) Ltd are expected to adhere to these principles.
Core Values
1. Integrity and Honesty
– Conduct all business activities with honesty and integrity.
– Ensure that all communications, both internal and external, are accurate and truthful.
2. Compliance with Laws and Regulations
– Abide by all applicable laws, regulations, and industry standards.
– Maintain awareness of and comply with changes in laws and regulations relevant to our operations.
3. Respect and Fairness
– Treat all employees, customers, suppliers, and stakeholders with respect and fairness.
– Foster a work environment free from discrimination, harassment, and retaliation.
4. Confidentiality and Privacy
– Protect the confidentiality of all proprietary and sensitive information.
– Respect the privacy of our employees, customers, and business partners.
5. Sustainability and Environmental Responsibility
– Commit to sustainable business practices and environmental stewardship.
– Continuously seek ways to reduce our environmental footprint.
Business Conduct
1. Conflict of Interest
– Avoid any situations where personal interests conflict with the interests of the company.
– Disclose any potential conflicts of interest to the appropriate authority within the company.
2. Anti-Corruption and Bribery
– Prohibit all forms of bribery and corruption.
– Do not offer, give, or receive any form of bribe or kickback, either directly or indirectly. For more details, please refer to our Anti-Bribery and Corruption Policy
3. Fair Competition
– Compete fairly and ethically in all markets.
– Do not engage in anticompetitive practices, such as price-fixing or bid-rigging.
4. Accurate Record-Keeping and Reporting
– Maintain accurate and complete records of all business transactions.
– Ensure that all financial and operational reports are truthful and transparent.
Employment Practices
1. Health and Safety
– Provide a safe and healthy work environment for all employees.
– Comply with all health and safety laws and regulations.
2. Equal Opportunity
– Offer equal employment opportunities to all qualified individuals.
– Make employment decisions based on merit, qualifications, and business needs.
3. Training and Development
– Support the professional growth and development of our employees.
– Provide training to ensure employees understand and comply with this Code of Ethics.
Implementation and Enforcement
1. Communication and Training
– Communicate this Code of Ethics to all employees and stakeholders.
– Provide regular training to ensure understanding and adherence to the Code.
2. Reporting Violations
– Encourage employees to report any violations or concerns regarding unethical behaviour.
– Provide a confidential and anonymous reporting mechanism.
3. Investigation and Discipline
– Investigate all reported violations promptly and thoroughly.
– Take appropriate disciplinary action, up to and including termination, for violations of this Code.
4. Monitoring and Review
– Regularly review and update this Code of Ethics to reflect changes in laws, regulations, and business practices.
– Monitor compliance with this Code through audits and assessments.
Conclusion
Standard Wool (UK) Ltd is dedicated to maintaining the highest ethical standards in all aspects of our business. By adhering to this Code of Ethics, we ensure that our actions reflect our values and commitment to integrity, respect, and excellence. All employees, directors, officers, and representatives are expected to uphold these principles and contribute to our culture of ethical conduct.
