Ethics and integrity are essential aspects to develop a society or company solid and consistently. It is an issue that permeates all sectors of society, where poor management can be detrimental to economic and socio-environmental sustainability, while good management of ethics in business and relationships adds and generates value, such as the establishment of a harmonious environment that promotes the development of employees.
For a globalized company like WEG, in addition to internal management, this subject involves the company’s relations with different stakeholders in diferente countries and cultures around the world.
In this context, the establishment of a robust system that is constantly improved in terms of policies, tools and actions is essential to avoid related risks and to maintain continuous and sustainable growth.
Therefore, we use and continuously improve a compliance system, which has specific policies and guidelines, risk mapping and prevention, a reporting system, independence of the area in charge, continuous training of employees in general, and training focused on strategic areas.
We established specific policies aimed at certain topics involving ethical issues.
These policies establish guidelines for each subject to make it clear what we expect and the positioning for each issue, namely:
Among the goals that compose the SDG 16, WEG’s practices are aligned to meet the goals:
Within our Corporate Risk Management System and its categories, we can identify risks related to ethics and integrity. Such identification is essential for the monitoring and ocasional mitigation plans for potential risks.
The system is assessed globally and has the following risk categories: Strategic, Financial, People, Compliance & Governance and Processes.
Training in the Policy to fight corruption and other detrimental acts for strategic areas
Training of new employees in the Code of Ethics