Sustainability

Viohalco recognizes that its sustainability strategy relies on an effective governance structure regarding sustainability matters at its Board of Directors in order for the Company’s policies and initiatives to have the proper oversight of implementation across all subsidiaries. To address this, the Company has established a sustainability governance structure to create long-term value for all stakeholders and promote sustainability principles within the organization and all its subsidiaries. 

The Audit Committee has been tasked with assisting the Board of Directors in overseeing sustainability practices of Viohalco’s subsidiaries. The Audit Committee meets at least four times per year and has the oversight responsibility of the following tasks:

• identification of material impacts, risks and opportunities (IRO) performed by the subsidiaries and consolidated at Company’s level,
• implementation by executive management of the due diligence and results and effectiveness of policies, actions, metrics and targets associated with the IROs
• the oversight and validation of the Company’s sustainability report.

Business ethics

Viohalco and its subsidiaries prioritize business ethics and anti-corruption. To ensure accountability and transparency with stakeholders, robust internal controls and procedures have been implemented. The Business Code of Conduct outlines how Viohalco promotes corporate culture. The policy covers a comprehensive range of topics, including corporate values, ethical guidelines and anti-corruption measures, and it is consistent United Nations Convention against Corruption. The policy also includes guidelines for other areas such as social responsibility, human rights, and environmental protection.

The Business Code of Conduct serves as a guiding document outlining the expected behaviors from all Viohalco subsidiaries’ employees. It articulates the rules of conduct adhered to and how business is conducted, taking into consideration the interests of stakeholders. Viohalco and its subsidiaries are committed to delivering high results standards, promoting business excellence, and building long-term relationships with customers and suppliers.

Visit Viohalco Business Code of Conduct.

Whistleblowing mechanism

Viohalco companies have established the proper channels of reporting for anyone, either within or outside Viohalco and its subsidiaries, to report illegal behaviour or behaviour in contradiction with the Code of Conduct, regarding but not limited to labour or human rights practices, environmental compliance, bribery and corruption. Notifications and complaints may be made anonymously, in accordance with the relevant whistleblowing mechanism through the established Integrity Hotline (publicly accessible platform on the corporate websites of Viohalco and all subsidiaries with a website, by phone or email). Reporting individuals will not be subject to reprisals or retaliation of any kind, in accordance with the applicable law transposing Directive (EU) 2019/1937 of the European Parliament and of the Council.