All Tratos Group employees and directors observe and uphold the company’s CSR values and aims.
The company’s CSR strategy came from a consultation between board members and the executive committee and it is constantly reviewed to ensure it is relevant and efficient. Tratos’ commitment to CSR is embedded in its culture and lies at the heart of its strategy. It is pivotal to the Group conducting business responsibly and with integrity.
Its CSR commitments colour all the Group’s relationships, from customers, colleagues, investors, suppliers, business partners and regulatory authorities to local communities and the wider public. CSR underpins how every Tratos employee conducts themselves.
Tratos’ culture is built by Tratos’ people. Its identity and its reputation. By respecting the CSR, Tratos personnel demonstrate their commitment to transparency and mutual respect that we believe must be inherent in our operations and across interactions with all our stakeholders.
Compliance with the CSR is compulsory. All Tratos employees are required to read and fully understand the CSR and its implications. Poor knowledge of, or ignorance of the CSR will be considered inadequate defence in the event of violation.
While the CSR may not provide guidance for every eventuality, Tratos expects its employees to exercise sound judgment. In essence, this requires that all Tratos employees act in the interests of the Group, our customers and our shareholders before personal interest.
The Board of Directors and the Executive Committee fully support the CSR and its implementation throughout the Group
Laws and regulations
All Tratos employees and Directors are required to comply with the laws and regulations of the jurisdictions in which the Group operates.
Tratos has an open and cooperative relationship with regulators and other relevant authorities.
The Group operates fairly, honestly and in good faith with customers, business partners, the wider community, competitors, and with each other. Tratos rejects all unethical or unfair practices and use legal and ethical methods in the collection of competitive information.
Tratos undertakes appropriate due diligence and monitoring to assist in the identification of illegal or unfair practice. If such activities are discovered, Management are to be swiftly alerted and are expected to then take appropriate action.
Tratos does not tolerate corruption or bribery in any form. This extends to ‘facilitation’ payments. Neither does Tratos provide or accept improper inducements in its relationships with others. Tratos requires that employees understand the policies applicable to their activities when offering products or services, visiting, or otherwise soliciting business from customers outside our home jurisdictions and ensure such policies are enforced.
Tratos actively ensures that the highest ethical standards characterise all our activities and decisions around the world.
The Group’s business decisions are always in compliance with laws and regulations in relevant jurisdictions and meet the CSR’s requirements of openness and integrity.
Tratos is aware of the potential for conflicts of interest, and the Group takes all reasonable measures to identify and address such situations as they arise.
Tratos’s success has been and will continue to be built on developing close relationships with our customers. Tratos is committed to treating our customers fairly and with respect.
Tratos provides regular, accurate and easily understandable information about the Group to shareholders, our markets, the relevant authorities and the general public.
The Group makes true, timely and clear disclosure in reports and other communications to regulatory authorities and the general public in accordance with applicable legal and regulatory requirements.
Independent external auditors, who have direct access to the Chairman of the Audit Committee, audit Tratos’s financial statements ensuring compliance with applicable Generally Accepted Accounting Principles and International Financial Reporting Standards. Furthermore, the Audit Committee is committed to ensuring the independence of the Internal Audit function.
Tratos handles information with the utmost care. The Group upholds client confidentiality and goes to great lengths to protect client information.
Tratos guarantees the confidentiality of any information entrusted to us by our customers, with the exception of when disclosure of such information is authorised by the customer or required by applicable laws, rules and regulations.
The Group exercises due care when receiving, handling and storing sensitive information from customers and other sources, and adheres to the highest standards of data security to prevent unauthorised use, access, modification or destruction.
The Tratos working environment
Tratos provides equal employment and advancement opportunities for all individuals regardless of race, ethnicity, gender, national origin, age, disability, sexual orientation or religion. The Group is committed to developing and sustaining a diverse workplace. Tratos’s staff are drawn from several countries and from a wide variety of backgrounds.
Tratos’s open, non-hierarchical working environment encourages the free exchange of ideas and mutual respect between individuals that underpin the Group’s unique capabilities as a leading engineering group.
The Group does not tolerate discrimination, bullying or harassment in any form. Any staff member with such concerns is encouraged to report these so appropriate steps can be taken.
Tratos ensures that intellectual property, commercially sensitive, or confidential information is properly handled to protect the interests of the Group and our customers, and to ensure compliance with regulatory and legal requirements.
Health and safety standards
Tratos is fully committed to providing a healthy and safe working environment for all staff.
The Group is responsible for maintaining standards in the workplace and to ensure that conditions meet all relevant applicable health and safety rules and practices.
Tratos is committed to conducting business in ways that reduce the Group’s environmental impact. Tratos is dedicated to improving its environmental performance and its use of resources. For example, Tratos Group has got ISO 14001.
Tratos supports and respects human rights wherever possible. The Group respects and supports human rights through our human resources policies and practices.
Tratos aims to promote the responsible use of our products and services by taking human rights standards into account when vetting prospective clients and executing transactions.
We consider the business practices of significant suppliers in light of human rights standards and integrate relevant aspects into our contractual relationships with them.
Ecovadis Sustainability Award
Sustainability innovator and independent cable manufacturer Tratos has been awarded a Silver Medal, placing it among the 25% of highest-placed companies scrutinised by the eco-ratings platform. Ecovadis is the world’s largest provider of business sustainability ratings, with a global network of more than 75,000 rated companies.