Countering discrimination, in any form, is a commitment made by managers towards employees in the Sustainable Development Strategy 2017-2020. These measures include a non-discriminatory remuneration system and a non-discriminatory system for promotions and development. The Sustainable Development Strategy also pinpoints the need to ensure previously-absent formal mechanisms that help to eliminate the threat of unethical behaviour in interpersonal relations (including mobbing, discrimination based on gender, or nepotism). The lack of tolerance for such behaviour directly results from laws, upon which all of the Company’s internal regulations are based.
JSW Group’s Code of Ethics, adopted in 2017, is a tool intended to shape desired behaviours and make it possible for whistleblowers to report potential violations. It also constitutes an ethics and anti-discrimination policy. It sets out procedures for reporting violations and inconsistencies, breaches of obligations resulting from laws, threats to occupational health and safety, health of customers and third persons, safety of the natural environment, unfair competition practices and attempts to hide any of the above. Taking into account the nature and scale of JSW Group’s business, areas potentially exposed to corruption behaviour are identified. These include purchasing processes, investment planning and providing inside information to unauthorised persons. In order to eliminate inappropriate behaviour, the Code of Ethics also sets out anti-corruption guidelines. No instance of corruption was reported or confirmed in 2018.
The Code of Ethics makes it possible for all employees, regardless of their position, to report problems high up the ladder and receive protection from any repressions on the part of their superiors. The code also helps in resolving conflicts of interest, which are an inherent part of any organisation.
Furthermore, at the end of 2017, the Management Board issued an order to apply an ethics clause in contracts with counterparties, allowing JSW’s ethical regulations to extend to its supply chain. Over 750 counterparties signed the clause in 2018.
No potential infringements of JSW Group’s Code of Ethics were reported in 2018. One instance of potential mobbing was reported at JSW based on the Internal Anti-Mobbing Policy. Following an explanatory proceeding, this case was not proven.