Corruption prevention

Our Approach

We implement a systematic approach to preventing corruption and conflicts of interest, based on clearly defined policies, internal regulations, and regular risk assessments. This ensures an effective internal control environment, strengthens transparent and ethical operations, and supports responsible decision-making.

We stand firmly against corruption and any form of unlawful conduct, ensuring ethical, transparent, and accountable practices at all levels of the organization.

Code of Ethics

Ethical and responsible conduct is guided by our Code of Ethics, which sets out value-based principles of behaviour and standards of conduct for the organization. It serves as the foundation for preventing corruption and conflicts of interest.

Prevention of Corruption and Conflict of Interest Risks

To reduce corruption and conflict of interest risks, we have established a unified prevention system, developed a Conflict of Interest and Corruption Risk Prevention Policy, and implemented related internal regulations, including:

• regularly identifying, assessing, and monitoring corruption and conflict of interest risks, as well as related mitigation measures;
• implementing and maintaining appropriate internal controls;
• continuously improving processes to ensure effective risk management;
• providing employee training on ethics, corruption risks, and conflict of interest situations;
• assessing positions and functions exposed to corruption risks;
• ensuring self-assessment procedures for employees in high-risk positions;
• monitoring procurement processes and contract execution.

Internal Controls and Oversight

The company has established an internal control environment based on clearly defined principles and processes for preventing corruption and conflict of interest risks.

Risk management is implemented as an ongoing process that ensures the timely identification, assessment, and mitigation of risks.

Whistleblowing

We have implemented a whistleblowing mechanism that enables employees and cooperation partners to report potential violations, including corruption or conflict of interest risks.

We ensure whistleblower protection, confidentiality, objective assessment of reports, and the implementation of necessary measures.

Report through the KNAB application

Comprehensive information about whistleblowing is available at www.trauksmescelejs.lv and rnparvaldnieks.lv/en/for-whistleblowers.