Ethical management of the Orion Company

Since it was founded in 1956, Orion has managed to grow into a global company.

Ethical management involves continuous growth with the support of all stakeholders – through economic activities based on compliance with legislative and ethical standards.

Suppliers of goods and services are one of the stakeholders. In terms of interaction with them, we build transparent business relations and prioritize respectful attitude, aiming for “win-win” cooperation based on honest and transparent business relations, and implement a strategy of long-term mutual growth.


Code of Ethics and Guidelines for the implementation of the principles of Ethical Management

I. Basic ethical principles of our employees

  1. Right deportment
  2. Compliance with the legislation and the Company's Code of Ethics
  3. Performance of official duties on a fair basis
  4. Clear distinction between the concepts of “public” and “private”
  5. Protection of internal information
  6. Correct orders and reports
  7. Mutual respect and interaction

II. Implementation of ethical management principles to each of the stakeholders:

  1. Attention to employees: Respectful attitude / Opportunities for growth / Impartial attitude / Communication with employees
  2. Сustomer satisfaction: Formation of consumer values / Respect for customers / Protection of customer information
  3. Mutual growth with suppliers of goods and services: Fair economic relations / Support / Respect for suppliers of goods and services
  4. Increase in shareholder value: Disclosure of management information / Transparent business activities / Increase in shareholder profit
  5. Social responsibility: Compliance with legislation / Job creation / Charity / Environmental protection

The Сode of Ethics of the Orion Group sets the following tasks:

We attach great importance to the right for happiness and development of our employees.
We put our employees above everything else, and on the basis of mutual trust and respect, we build an environment that allows us to achieve happiness and development.

We seek to ensure customer satisfaction.
We supply high quality products at reasonable prices, manufactured dutifully and in accordance with safety standards. By offering consumer values that customers desire, we seek to ensure that they experience a sense of satisfaction.

We build transparent business relationships with suppliers of goods and services.
We respect suppliers of goods and services and, seeking for “win-win” cooperation based on honest and transparent business relations, we implement a strategy of long-term mutual growth.

We increase shareholder value.
We increase shareholder value and maximize the value of the company by conducting transparent and efficient business activities and by opening new growth points.

We pay maximum attention to social responsibility.
We contribute to the development of society by paying maximum attention to social responsibility: while relying on the economic growth, we create new jobs and constantly take part in charitable activities.

Guidelines for the implementation of the Ethical Management principles

I. While performing their official duties, Orion employees assess the situation and act in accordance with the following three principles of ethically correct decision-making:

Does the decision being made comply with regulatory legal acts and local regulations?

Is my decision based on reasonable arguments, and is it a priority for the company?

How do I feel about the fact that the decision I am about to make will become known to others?

II. How do these principles work in practice?

  1. Money and gifts

    Stakeholders and employees are not allowed to transfer money to each other or exchange gifts, nor are they allowed to extort or promise them.
    The following cases are the exception:
    - ordinary promotional or holiday souvenirs distributed among the public;
    - a standard gift to external stakeholders to ensure more effective interaction on work issues (souvenirs).

    If stakeholders offer money or gifts to an employee, the Code of Ethics prescribes polite refusing regardless of the amount or reasons for which money or gifts are offered. If it is not possible to refuse, the employee ought to hand over the given amount of money or a gift in accordance with the company's Anti-Corruption Policy.

  2. Hospitality

    Stakeholders and employees are not allowed to organize excessive hospitality events for each other, nor are they allowed to extort or promise their organization. Business breakfasts, lunches, and dinners are the exceptions.

  3. Special terms of travelling and accommodation

    Employees are not allowed to demand or accept transfer and accommodation services, tourist information, support in organizing and conducting activities or similar services from stakeholders, and in case of receiving such offers, employees are expected to politely refuse them.
    This is with the exception of services provided to all participants on the same terms and within reasonable limits – at official events held by stakeholders. и.

  4. Presenting money on the occasion of a joyful or mourning event in family life

    Employees should not inform external stakeholders about joyful or mourning events in their family life or in family life of their colleagues, and should not accept money as congratulations or condolences.
    Family members of employees should also not inform external stakeholders about such events and, as a result, receive money or gifts for them.

  5. Financial transactions

    Stakeholders and employees may not conduct financial transactions of private nature, such as lending and borrowing of loans, credit guarantees, rental property. Joint investment and other transactions are also prohibited.

  6. Conflict of interest

    In case of receiving a request or recommendation from a relative or a friend regarding a particular deal, an employee is obliged to report this fact in accordance with the Conflict of Interest Disclosure Procedure.