Business ethics

Eltel is determined to uphold high standards in business ethics and comply with all laws and regulations.

Corporate culture

Breaches of Eltel’s Code of Conduct, or Supplier Code of Conduct could lead to significant negative impacts on people or the environment. Engaging in or being associated with unfair competition practices may distort fair market conditions. By adhering to responsible tax practices, we contribute positively to society. Promoting the Code of Conduct presents an opportunity to strengthen our corporate culture, enhance resilience, and uphold brand integrity. Promoting the Code of Conduct presents an opportunity to strengthen our corporate culture and uphold brand integrity.

Corruption and bribery

Corruption and bribery undermine fair business practices and expose the company to legal risks, financial penalties, and reputational damage. Effective management of these risks is essential to maintaining stakeholder trust and ensuring compliance with regulations.

Anti-corruption

Eltel is dedicated to conducting business in an ethical and honest manner and is committed to implementing and enforcing systems that ensure bribery is prevented. We have a zero-tolerance policy for bribery and corrupt activities. We are devoted to acting professionally, fairly, and with integrity in all business contracts and relationships, wherever we operate.

Whistleblowing procedure

Eltel has established a whistleblowing system in accordance with the EU Whistleblowing Directive, providing employees with a secure platform to report potential violations or concerns. The system addresses conduct that may breach local or international law, the Code of Conduct, Eltel’s values, policies, instructions, or human rights related to our operations.

The whistleblowing system is communicated to all employees, for example during mandatory annual Code of Conduct training, called Fair Play training.

Guiding frameworks

OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (OECD Guidelines)
SDGs 5, 8, 12