We aspire to be a trustworthy partner for our stakeholders and a driver for virtuous behaviors within our industry. That’s why we’ve chosen to adopt comprehensive, far-reaching internal policies that govern both the behavior of our employees and our relationships with outside stakeholders.
Our Code of Conduct governs employee behavior, guaranteeing ethical and responsible conduct company-wide. Our Tenova Anti-Bribery Policy outlines values, principles and responsibilities that we adopt to fight corruption.
As part of our ongoing commitment to fair and transparent business practices, in 2017 we joined MTI (the Metals Technology Industry Initiative). With the support of Basel Institute on Governance, MTI provides a forum for members to develop anti-corruption compliance practices and safeguard fair competition in the metals industry.
Overseen by the Compliance Committee, our internal control system is designed to reinforce our existing compliance-oriented corporate culture. The system consists of a set of principles, rules and procedures designed to guarantee efficient and effective management of all business processes. Our Compliance Department supports the company, defining the system’s processes and controls, while our Internal Audit Department provides independent, objective analysis designed to monitor system effectiveness.
Code of Conduct
Our Guiding principles for managing and conducting business in an ethical and respectful manner are set out in our Code of Conduct.
Compliance Italy - 231 model
Tenova S.p.A. adopted an Organization, Management and Control Model in accordance with the requirements of Italian D.Lgs. 231/2001 and the criteria established by main Trade Associations; it is defined and tailored on specific compliance risks of Tenova S.p.A., identified through periodic risk assessment activities.
All Tenova employees are required to conduct business activities in compliance with existing rules, internal regulations and guidelines. Every employee is expected to honor our Code of Conduct, including avoiding conflicts of interest, immediately notifying (in writing) the company of potential issues, and acting at all times in a transparent, proper and honest manner in order to best protect the company’s interests.
Under established Tenova whistle-blowing procedure, reports can be submitted by Tenova personnel (employees, managers, directors, etc.) and/or by external parties.
These reports can address issues of conduct relating to entities, employees and external collaborators with which the company operates or maintains business relations. In the below documents, you find all necessary information to submit a report.