Code of social responsibility

The purpose of the Code of Social Responsibility is to define the fundamental principles applied in its activities by Invalda and to define priority actions of a socially responsible business.

Principles accepted and applied by Invalda

• Human rights
• Support and respect the aims of protection of human rights in the area of its influence.
• Ensure that the Company does not commit any infringements of human rights.
• Employee rights
• Recognise the freedom of association of employees and their rights to hold efficient negotiations.
• Elimination of compulsory or forced work in any form.
• Elimination of any discrimination related to employment or profession.
• Protection of environment
• Approval and support to initiatives for the enhancement of environmental responsibility.
• Promotion of development and proliferation of environmentally friendly technologies.
• Combating corruption
• Combating any forms of corruption (including tampering and bribery).

Responsible business actions in the company

• Ethical business practice

The Company has put in place and approved its Code of Ethics to ensure that all employees are well aware of the principles of activities that they are expected to adhere to.

The fundamental basis of ethical norms is the compliance with legal acts and all employees without any exception respect laws and strictly adhere to them. Employees shall avoid situations that may potentially raise any doubts concerning their abilities to act for the benefit of the Company, or could lead to conflicts of interests. Also employees of the Company undertake not to disclose any confidential information and shall refrain from insider trading in securities in their own name, or on behalf of their members of family or other related persons.

• Information intended to users and transparency

The Company shall make public all information on the objectives of the Company and its activities, financial results, members of its bodies of management and shareholders, related party transactions, the management structure of the Company, etc. To ensure that information reaches as many users as possible, and provide timely access to such information, all this information is uploaded in the website of the Company. Such information is simultaneously disclosed to all persons concerned. The Company discloses the information that may potentially affect the price of securities issued thereby in its commentaries, interview or other ways only after such information is publicly announced through the information system of the stock exchange.

• Promotion of social initiative

With a view to promoting wide-scale social initiatives the Company established a public enterprise foundation Iniciatyvos Fondas (www.iniciatyvosfondas.lt) whose principal task is to initiate programmes for the promotion of social initiatives and supervise their implementation.

• Ensuring the enforcement of key labour principles and employee social wellbeing

Invalda seeks to operate as a Company in which the rights, needs and contribution to the operations of the Company of each employee are properly respected. In recruiting its employees the Company ensures that no employee is discriminated on the basis of his gender, sexual orientation, race, nationality, language, origin, citizenship or social status, marital or family status, age, beliefs or views, membership in political parties and public organisations.

The working hours and standards of recreation, conditions for the compensation for work, and privileges, safety and health at work norms fully comply with the requirements stipulated in all relevant legislation.

• Impartial treatment of shareholders and shareholder rights

The Company has put in place its Code on Shareholder Rights defining the key obligations of the Company towards its shareholders.

The Company has issued dematerialised ordinary registered shares each of LTL 1 (one litas) in nominal value. Each share carries equal right to shareholders provided for in legal acts of the Republic of Lithuania.