Organisational, management and control model
In compliance with Italian Legislative Decree 231/2001, which has introduced administrative liability of legal entities into the Italian legal system, CAREL has adopted its own Organisation, Management and Control Model (MOG 231). The Model, which is subject to periodic updates, is divided into a General Part and specific Special Parts; it aims to prevent the commission of offences that could give rise to the Company’s administrative liability under the Decree.
The Company has adopted a Code of Ethics that expresses the core values and principles that inspire the activities of the CAREL Group. The Code of Ethics sets out the standards of conduct required of employees, contractors, suppliers, business partners and customers operating with CAREL and its subsidiaries. It is an integral part of the Company’s internal regulatory system and promotes a culture based on legality, ethics, integrity and transparency.
Anti-corruption procedure
On 28 February 2019, CAREL implemented an Anti-Corruption Procedure, in order to offer all Recipients an organic reference framework for all applicable provisions and procedures regarding preventing the risks of unlawful practices, and to combat corruption at the source. The Procedure is predicated on the tenets and rules of conduct set forth in the Group’s Code of Ethics, in accordance with principles of international law. It achieves those principles and objectives regarding preventing and combating corruption as contemplated under Legislative Decree no. 231/01 and incorporated into CAREL’s “231 Model”, establishing the standards of conduct for all CAREL’s employees and associates.
The Procedure furthermore described the policy and procedure for Anti-Corruption matters in accordance with the requirements dictated by non-financial accounting regulations (Legislative Decree no. 254/2016).
Whistleblowing procedure
CAREL has approved its Whistleblowing Procedure, specifically the Procedure for protecting those who report offences or other irregularities, so as to allow for the reporting and consequently identification and suppression of possible unlawful acts, while guaranteeing full protection and maximum confidentiality for the reporting parties.
The Procedure applies to detailed reports of unlawful conduct pursuant to the current legislation, as well as Italian Legislative Decree 231/2001 or violations of the Anti-Corruption Procedure and the Code of Ethics adopted by CAREL.
Sustainability statement
With effect from the reporting requirements applicable to the Company, CAREL is subject to the obligation to prepare an annual Consolidated Sustainability Statement in accordance with the Corporate Sustainability Reporting Directive (CSRD) and the related implementing legislation. This enables CAREL to provide its stakeholders with transparent and comprehensive information on the Group’s impacts, risks and opportunities relating to environmental, social and governance matters, including human rights, diversity, business conduct and climate-related topics.
The Group’s annual Sustainability Statement can be found on the CAREL Investor Relations website, in the “Sustainability” section.
CAREL’s commitment to the highest sustainability standards and to the integration of sustainability principles into its business activities is supported by the adoption of specific policies and guidelines in environmental, social and governance matters, which can be found below.
Data Act
In accordance with Regulation (EU) 2023/2854 (Data Act) concerning the harmonisation of fair access to and use of data, the characteristics of the data generated by the User through the connected products and/or related services are made available for consultation below.