Polymetal’s business conduct is underpinned by global best practices and the highest ethical standards. We demonstrated our commitment to these values by joining the Global Compact of the UN (Global Compact of the United Nations) in 2009. Within its overall commitment to the UN Global Compact Polymetal is guided by its principle against corruption. The Group Companies not only avoid bribery, extortion and other forms of corruption, but also proactively develop policies and concrete programmes to address corruption internally and within their supply chains.
Polymetal Group and the Board of Directors of Polymetal International plc are committed to ensuring adherence to the highest legal and ethical standards. This must be reflected in every aspect of the way in which we operate. Bribery is a criminal offence in the countries in which the Group operates, and corrupt acts expose the Group and its employees to the risk of prosecution, fines and imprisonment, as well as endangering Polymetal’s reputation. Polymetal Group has adopted anti-bribery policies and procedures. Principles set out by these policies and procedures extend across all of Group’s business dealings, and in all countries and territories in which the Group operates and applies to employees of the Group as well as relevant business partners and other engaged individuals and entities. The Board attaches the utmost importance to this these policies and procedures and applies a «zero tolerance» approach to acts of bribery and corruption by any employees or by business partners working on our behalf and prohibits the payment, offer or authorisation of bribes, the receipt or acceptance of a bribe, and the payment, offer or promise to pay any facilitating payments. Severe disciplinary action will be taken towards violations of these principles.
As part of the implementation of internal procedures to comply with the UK Bribery Act, the Group has implemented a formalised Whistleblower Policy which describes processes in place for staff to communicate, in confidence, concerns about possible improprieties, unethical or illegal activities and ensures that arrangements are in place for independent investigation of such matters.