Ethical business environment

At Ashtrom Group, we are unwavering in our commitment to ethical, fair, professional, and reliable business conduct. Acknowledging the potential challenges in our operational spheres, we adhere rigorously to a regulated code of ethics. The group maintains a hotline for inquiries related to ethical concerns, ensures the implementation of anti-bribery and corruption policies among all employees, and complies with information security and privacy protocols. We uphold these measures to regulate activities in our field and expect our business partners and suppliers to align with the same ethical standards.

0

Groundbreaking pilots were conducted across divisions

Maintained

A clean compliance record with no substantial events

Demonstrates 50%

External directors for diverse leadership

Achieves 25%

female representation on the board

0

Successfully tested innovative technologies in 2022

~ 95%

Sustains about local procurement across key divisions

0

Groundbreaking pilots were conducted across divisions

Maintained

A clean compliance record with no substantial events

Demonstrates 50%

External directors for diverse leadership

Achieves 25%

female representation on the board

0

Successfully tested innovative technologies in 2022

~ 95%

Sustains about local procurement across key divisions

The Ethical Code and Anti-Corruption Measures

The Ethical Code of Ashtrom Group symbolizes our steadfast commitment to upholding proper and fair business practices in line with established ethical standards and legal provisions. It outlines behavioral norms for every manager and employee within the group, emphasizing integrity and reliability on both personal and professional levels. To ensure the code is ingrained in our corporate culture, we conduct regular training sessions for all employees. Furthermore, a dedicated hotline is available for reporting concerns related to potential code violations. At Ashtrom Group, our leadership maintains a zero-tolerance policy against bribery and corruption, recognizing the risks they pose to fair competition, reputation, and legal consequences.

Compliance with Laws and Securities Enforcement Program

At Ashtrom Group, we are unwaveringly committed to upholding the provisions of all applicable laws. Our comprehensive procedures ensure strict adherence to legal requirements in all aspects of our business operations. Each member of our team is obligated to comply with the laws that govern our industry. Recognizing the critical importance of legal compliance, especially in securities and corporate regulations, we have implemented a robust enforcement program. This program centers around the crucial principle of proper disclosure, serving as the foundation for ethical conduct and preserving the hard-earned reputation of the Ashtrom Group. We take pride in our records, noting that no substantial cases of non-compliance occurred during the years 2021-2022.

Fostering Innovation in Products, Processes, Construction, and Asset Management

Drawing on nearly six decades of accumulated experience, the Ashstrom Group stands at the forefront of innovation across raw material production, efficient construction methods, project and asset management, advanced technologies in services, and employee safety. As a leader in the dynamic realms of construction and property management, we remain dedicated to exploring innovative applications that can be seamlessly integrated into our operations and throughout the entire value chain. Recognizing innovation as our pathway to expanding positive impacts on business, environmental sustainability, and social responsibility, we embrace the imperative of continuous evolution in the face of accelerated change.

Establishing a Responsible Supply Chain

The Ashtrom Group, along with its dedicated employees, actively seeks to collaborate exclusively with contractors and suppliers committed to honest, fair, and ethical business practices while complying with the law and avoiding corruption. Emphasizing local procurement, we take pride in the fact that, in specific sectors, 95% of our procurement is conducted with local suppliers. Our commitment extends to promoting environmentally responsible procurement practices, and we are currently formulating a comprehensive policy to govern our interactions with both new and existing suppliers. This policy aims to ensure thorough due diligence before entering into business contracts and ongoing monitoring throughout the contractual relationship.

Safeguarding Privacy and Ensuring Information Security

Committed to the highest standards of privacy protection and information security, the Ashtrom Group operates in strict compliance with the Privacy Protection and Information Security Law, including proficient database management. The group has meticulously formulated security policies and procedures covering various aspects, such as information system safeguards, user management, access privileges, password policies, data backup and recovery, physical security, guidelines for using mobile devices, data encryption, system updates, documentation and control, outsourcing practices, periodic audits, guidelines for transferring information outside the organization, and procedures for handling cyber incidents.

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