Governance

Business Ethics

Our Ambition

Our goal is to integrate ethics and compliance into our organisational culture, empowering our employees to make ethical decisions and encouraging them to speak up if they have any concerns.

 

Communication, Ethics and Compliance Awareness

We understand that creating a culture of ethics and compliance within our Company goes beyond onetime training sessions. It requires a continuous learning process and reinforcement. Over the last few years, we have been gradually implementing various initiatives to improve communication and awareness of ethics and compliance within the organisation. Some of these include: displaying posters promoting our speak-up hotline and rolling out globally our new app-based speak up platform, featuring ethics and compliance messages on our intranet homepage, using all-employee meetings as an opportunity to educate a wider employee base.

 

 

We also communicate our ethics and compliance programme at each employee meeting, and run workshops and meetings led by external speakers and experts.

 

Education and Development

Each year, our salaried employees undertake a mandatory certification of our Code of Business Conduct, with access to additional training to help them minimise risk across their role.

 

 

The Future of Ethics and Compliance at TI Fluid Systems

In 2022, we implemented various initiatives to enhance ethics and compliance support for our employees, including a new ethics reporting platform, ethics education modules on our learning and development platform, a survey on ethics risk and sentiment, an Adequate Procedures Review, and a Corporate Ethics and Compliance Week. In 2023, we reviewed and used information collected in this survey to improve our ethics and compliance efforts and hold discussion groups to further integrate the training modules within the organisation. We integrated the COBC into the Sustainable Purchases Programme thereby linking our COBC throughout our supply chain.