Ethics, integrity and values
The Code of Ethics expresses the commitments and ethical responsibilities of the Group in the performance of its business and activities, promoting behavioural standards among Group employees across all levels in relation to the principles of legality, loyalty, correctness and professional integrity, aimed at preserving the integrity of the heritage of the Carraro Group and protecting its image and respectability.
In 2019, Carraro set up channels for reporting conduct contrary to the Group's ethical principles, thereby guaranteeing protection to the whistleblower. The digital whistleblowing channel (“CarraroWB” web portal) can be accessed via the website:
Integrity and transparency are considered essential principles of conduct by the Carraro Group in the performance of its business affairs: according to its principles of conduct, the Group rejects any form of corruption in relations with its counterparts. The fundamentals of these rules of conduct are formalised in some of the documents of the integrity protection system of the Carraro Group:
The system to protect the integrity of the Carraro Group comprises the set of codes, policies and values adopted by Group companies:
- Carraro Values;
- Group Code of Ethics;
- Sustainability Policies;
- Procedure for Related-Party Transactions;
- Organisational Models pursuant to Italian Legislative Decree 231/2001.
The Carraro Values expressed in the Code of Ethics are constantly shared with all employees in recognition of the fact that these elements constitute a significant part of the Group’s intangible heritage. These values are classified under five categories:
- We drive market-focused innovation
- We take the lead
- We empower sustainable solutions
- We embrace perspectives
- We embody passion for performance
See our Sustainability Report for more information.