The Code of Ethics is part of the compliance system in force in the Budimex Group governed by the Compliance Policy and supports "ensuring compliance of the organization's activities with the binding legal regulations, standards and internal regulations, aiming at:
- preventing violations of the organization's good name and reputation,
- minimising the risk of financial losses resulting from the organisation's activity violating the law or internal regulations,
- reduce the risk of exposing the organisation to civil, administrative or criminal liability".
Respect for the law and ethics in business is one of the key principles of operation of the Budimex Group.
The main principles of the Compliance Policy include:
respect for the law
ethics and honesty in conducting activity
transparency of companies’ activities
zero tolerance for activities contrary to the law or to the compliance system
The Compliance Policy introduces the so-called Compliance System, aiming at adopting and enforcing internal regulations properly. The proper application of and compliance with the Compliance Policy is supervised by the Chief Compliance Officer appointed by the company's Management Board, the Deputy Chief Compliance Officer, and also by the Compliance Committee. It includes representatives of every organisational division of the company. The Chief Compliance Officer is a Member of the Management Board, Director of the Legal and Organisational Department.
Adherence to the Compliance Policy concerns the compliance with law and articles of association of Budimex S.A., the Code of Ethics, regulations, policies, procedures, instructions in force in companies, particularly those related to the minimisation of the risk of participation of the Group's employees in any activity raising suspicion of corruption or paid protection.
In 2020, no legal steps were taken against any of the companies of Budimex Group (i.e. Budimex, Budimex Nieruchomości, Mostostal Kraków, FBSerwis). No legal steps were taken with respect to violations of the principles of free competition and monopolistic practices.
In 2020, there were no cases of violation of the rights of any indigenous population by any Budimex Group companies (i.e. Budimex, Budimex Nieruchomości, Mostostal Kraków, FBSerwis).
In 2020, no non-financial sanctions for non-compliance with the law and regulations regarding the supply and use of products and services were imposed on any Budimex Group company (i.e. Budimex S.A., Budimex Nieruchomości, Mostostal Kraków, FBSerwis).
In 2020, there were no cases of non-compliance with regulations and voluntary codes concerning labelling and information on products and services by any Budimex Group company (i.e. Budimex S.A., Budimex Nieruchomości, Mostostal Kraków, FBSerwis).