Our Compliance Approach

Garanti Rafineri ve Maden Isletmeleri A.S. conducts its operations not only to comply with the applicable laws and regulations, but in line with an approach based on ethical business conduct, transparency, corporate responsibility and sustainable value creation. Our compliance approach is based on fulfilling legal obligations throughout all stages of our company’s operations, effectively managing corporate risks and maintaining business processes in accordance with nationally and internationally recognized good practices.

From our company’s perspective, compliance is not limited to acting in accordance with the applicable legislation, but is also regarded as an integral part of our corporate culture. In this regard, all operations are managed in line with the principles of integrity, reliability, accountability, traceability and responsibility.

Our compliance approach is integrated across all areas of our operations, from customer acceptance processes to supply chain management, from operational activities to information security practices, as well as from risk management processes to record and document management.

Garanti Refinery acts with a continuous improvement approach, taking national regulations and internationally recognized practice standards as a basis for effectively managing operational, financial, legal, reputational and supply chain risks that may arise within the scope of its operations.

Accordingly, we consider the following to be our fundamental principles;

• Following the applicable legal and regulatory requirements;

• Adopting a risk-based control approach;

• Developing an ethical business culture;

• Enhancing the transparency of corporate processes;

• Promoting compliance awareness; and

• Reviewing our company’s processes through a continuous improvement approach.

Our compliance approach aims not only to establish a structure that meets today’s requirements, but also to build a strong and dynamic corporate structure capable of adapting sustainably to changing regulatory expectations and developments in the industry.