Our Business Ethics and Code of Conduct
As Garanti Rafineri ve Maden Isletmeleri A.S., we regard conducting our operations not only in pursuit of commercial objectives, but on the basis of integrity, reliability, transparency, responsibility and ethical business conduct, as an integral part of our corporate culture. Our business ethics and code of conduct set out the fundamental standards of conduct expected of our employees, managers and business partners in their operational processes and aim to ensure that our corporate values are reflected in our day-to-day business practices.
From our company’s perspective, an ethical approach is not limited to compliance with legal obligations, but also represents a broader corporate approach that includes the responsibility to do what is right. Accordingly, it is our fundamental expectation that all our operations be conducted in accordance with the principles of integrity, impartiality, accountability and professionalism.
Garanti Refinery adopts a fair and respectful approach based on mutual trust in its relationships with employees, customers, suppliers, business partners and other stakeholders. We believe that adherence to ethical values is as important to the sustainability of our business relationships as technical competence and operational success.
The following fundamental principles apply to the conduct of our operations:
Integrity and Honesty
Accuracy, integrity and reliability are fundamental to all our operations. We regard avoiding the sharing of misleading, incomplete or inaccurate information in our business processes and ensuring that records, documents and disclosures are created accurately and reliably as fundamental principles.
Compliance with the Applicable Legal Regulations and Corporate Rules
We consider compliance with the applicable legislation, relevant regulations and company policies in the conduct of our operations to be among our fundamental principles. Compliance with the applicable legal requirements is considered an integral part of our corporate responsibility.
Prevention of Conflicts of Interest
We consider avoiding circumstances that may give rise to conflicts between the interests of the company and personal interests to be a fundamental principle. We expect objectivity to be maintained in decision-making processes, personal interests not to influence corporate decisions, and all business relationships to be conducted in accordance with the principle of impartiality.
Anti-Bribery and Anti-Corruption
Garanti Refinery embraces a zero-tolerance approach to all forms of bribery, corruption, improper benefits or unethical practices. No practice aimed at providing an unfair advantage, directly or indirectly, is accepted in our business processes, and all business relationships are conducted on the basis of fair competition and ethical principles.
Gifts and Hospitality Practices
We consider it among our fundamental principles to avoid gifts, hospitality or similar practices that may influence business relationships, compromise objective decision-making or create the perception of an improper benefit. All such practices are expected to be reasonable, transparent and consistent with ethical principles.
Confidentiality and Protection of Information
We place importance on protecting commercial, technical, operational and other information obtained in the course of our operations. Confidentiality obligations are regarded not only as a legal requirement, but also as a fundamental responsibility for maintaining relationships based on trust.
Fair and Responsible Business Relationships
Our relationships with customers, suppliers and business partners are conducted in accordance with the principles of mutual trust, integrity, respect and professionalism. We consider it a fundamental expectation that our business relationships be free from discrimination, pressure, unfair practices and unethical conduct.
Accuracy of Records and Documents
We place great importance on ensuring that records, documents and reports relating to our operations are issued accurately, completely, up to date and in a traceable manner. The reliability of corporate records is regarded as one of the fundamental elements of transparency, accountability and corporate trust.
Respect, Professionalism and Corporate Representation
Our employees and managers are expected to demonstrate respectful and professional conduct consistent with our corporate values in all their activities. We place importance on ensuring that everyone representing our company and all relevant business activities contribute to the protection of our corporate reputation.
Promoting an Ethical Culture
To strengthen ethical business conduct on a sustainable basis, we encourage initiatives that raise ethical awareness, support corporate values and integrate an ethical culture into all business processes.
As Garanti Rafineri ve Maden Isletmeleri A.S., we regard our business ethics and code of conduct not only as a set of written principles, but also as one of the fundamental elements of our corporate culture, decision-making processes and approach to business conduct. We believe that conducting business in a reliable, transparent and responsible manner is one of the fundamental conditions for sustainable success and will continue to conduct all our operations accordingly.
