Investor Presentaiton
Transparency, Ethics
and Anti-corruption
GRI 2-15, 2-23, 2-24, 2-25, 2-26 3-3: management of material topic
Eldorado Brasil adheres to the highest standards
of integrity in compliance with laws and internal
policies. The Compliance Program is our flagship
initiative for disseminating our values and a culture
of ethics, integrity, compliance and transparency in
doing business, and for preventing, detecting and
remediating any misconduct in business activities.
For the past four years, an independent external
audit has been assessing the compliance program's
progress based on ISO compliance standards and
best market practices.
The company has signed up to public initiatives
approved by the presidency and executive board,
such as the Collective Agribusiness Anti-corruption
Action Group, the Business Pact for Integrity and
Against Corruption and the Business Movement
for Integrity and Transparency. These initiatives
demonstrate the topic's importance to the
company. Risks are periodically assessed, and the
company seeks to keep abreast of impactful actions
necessary to prevent potential route diversion and
thereby reduce its exposure to unforeseen risks.
GRI 205-1
Compliance is responsible for leading the pro-
gram and implementing a series of actions and
policies aimed at nurturing trust and transparency
among employees, shareholders, suppliers, service
providers, partners, customers, governments and
communities. Over the course of the year, we
mapped out internal controls and conducted audits
based on risk assessment and internal policies. The
objective is to contribute to risk reduction, improve
operational efficiency and reduce business costs, as
well as creating a wholesome workplace.
All employees undergo
training related to
the Code of Conduct
and Ethics as well as
company policies
The Code of Conduct and Ethics establishes the
main guidelines for employees and is essential in
preventing and combating corruption and fraud in
business. It includes specific clauses on the topic for
suppliers. The document requires compliance with
laws, prevention of money laundering, prevention
and combatting of corruption and compliance with
antitrust and competition rules, among others.
Human Rights play a prominent role in the Code,
with a chapter detailing the prohibition of child or
forced labor, zero tolerance for any form of abuse or
slavery-like conditions, as well as any discrimination
or incitement that violates the Universal Declaration
of Human Rights. The company has internal policies
promoting equal treatment among employees,
regardless of race, color, ethnicity, nationality, age,
gender, religion, disability, sexual orientation or
other status protected by law.
Other related practices include training, commu-
nications plans, policy compliance monitoring,
and processes to address employees' questions
about our Code of Ethics, internal standards and
guidelines, and other matters. In 2022, training
sessions were conducted on topics such as com-
pliance leadership, supplier relations, conflicts of
interest, corruption and psychological and sexual
harassment. Specific training was also administered
for Procurement through the e-learning platform
Eldorado Educa, covering topics related to suppliers,
conflicts of interest and corruption, with 98.4% of
staff participating. Furthermore, over a thousand
new employees were trained on anti-corruption
policies and procedures as part of the employee
onboarding process. GRI 205-2
In addition to training sessions, the Company
conducts an annual Compliance and Ethics Culture
Survey to gage employees' understanding of its
Compliance Program and ethics and integrity topics.
Survey answers are used to create training programs
focusing on areas that require attention and both
print and online communication materials are regu-
larly published.
The implemented initiatives aim to identify and
mitigate integrity risks, and one of the tools used for
this purpose is the Ethics Hotline, a whistleblowing
channel for stakeholders. Eldorado has a Whistle-
blowing Channel through which stakeholders can
submit reports on any violations of Company poli-
cies or applicable laws and regulations. The channel
is independently operated and is available to all
stakeholders, both internal and external.
Reports can be made anonymously (at the whistle-
blower's discretion) and are kept strictly confidential.
Each report is analyzed by Compliance, which
evaluates the facts, conducts internal investigations
and, when applicable, prepares a report for appre-
ciation by the Ethics Committee. Any recommended
disciplinary measures or opportunities for process
or control improvement are referred to each head of
department.
Eldorad
Bra
Eldorado Brasil
28
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Foreword
Sustainability Report 2022
The Eldorado
Way
Corporate
Governance
Planet
Stewardship
People
GRI Content
Index
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