Compliance

Our approach

INEOS Styrolution, with the strong support of its senior management, is dedicated to maintaining a high standard of corporate governance and regularly articulates the company’s policies on business integrity and human rights. We believe that high standards on business integrity and human rights are critical to deliver our strategy, create long-term value and maintain our social licence to operate.

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Our performance

KEY HIGHLIGHTS 2017

All relevant employees undertook a comprehensive online training on anti-bribery and anti-corruption in 2017. An online Code of Conduct training was provided to the entire active employee base in EMEA and the Americas. Our management board decided on a biennial training cycle on the Code of Conduct. While geographic transfers, temporary leaves, recent hires, and job changes within the company prevented achieving 100% participation in this training, the expectation of the company continues to be that all active employees complete the training and be held accountable for the content of the Code of Conduct. Training on Code of Conduct is part of the on-boarding programme for all new joiners. 

An awareness campaign as well as on-site training against email phishing and social engineering attacks was also provided to all relevant employees globally.

We revised our Delegation of Authority and we updated our International Trade Policy. Finally, we also introduced a checklist on “Know your contract partner” to highlight the importance of performing and documenting due diligence with respect to contract partners.

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OUR SUSTAINABILITY TARGETS

We have defined global sustainability targets for seven focus areas of our business including compliance. These targets are aligned with our material topics and underscore our commitment to continuous improvement. 

The newly adopted European General Data Protection Regulation (GDPR) will come into effect in 2018. To meet the demands of this reform, we will introduce a new data protection policy and – together with our Data Protection Officer – document relevant processes to support our data protection strategy. We aim to provide a web-based training on data protection to the relevant employee base in 2018.

For the awareness on the criticality of antitrust concerns, a refresher training will be offered in 2018. We will also continue our biennial training cycle on our Code of Conduct to our entire active employee base in 2019.

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Gift policy

With respect to our Code of Conduct and in particularly our gift policy, INEOS Styrolution EMEA has been refraining from the common practice of sending gifts to customers and suppliers for Christmas and the year’s end and has been asking INEOS Styrolution’s business partners to support us by not offering any gifts to our employees as well.

The money thus saved was donated to charity instead.

In 2015, INEOS Styrolution EMEA supported the Ambulanter Kinderhospizdienst Frankfurt am Main – an initiative that provides home support to families with children suffering from life-limiting illnesses – with a donation of €5,500.

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Also in 2016, we continued this compliance approach and donated €7,500 to Hannibal – a charity of the JKVG Association in Antwerp that brings together kids and young people with and without disabilities to spend a wonderful holiday and have an unforgettable time together.

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Although this fund-raising campaign was compliance-driven, it fits perfectly with INEOS Styrolution’s Corporate Social Responsibility (CSR) and sustainability approach. With our CSR program, we place a strong focus on future generations and donate our efforts and money to drive initiatives that support the health and well-being of young and disadvantaged children at our company’s various locations.

To find out more about INEOS Styrolution’s community involvement activities, please click here and flip through our global community involvement initiatives published in our current GRI sustainability report “Living Sustainability. Together.”.

Click here to read more about the foundation of our business success.