Valeo

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Ethics and compliance

In support of our ambitious development strategy, Valeo’s policy is to comply with the highest ethical business standards in all countries where we operate while strictly respecting local and international regulations.

Jacques Aschenbroich
Chief Executive Officer

Our ethical commitment and our determination to respect our Compliance program are essential to guarantee the future and the profitability of our Group in the long term.

Ethics as a culture, compliance as a discipline

Valeo’s Code of Ethics embodies all of our values and rules. It applies to all of us: all employees, all managers, and all directors. It deeply influences our environment and stakeholders. Our personal ethics reflect our day-to-day business life. Supported by a strong Ethics and Compliance program, our Code of Ethics helps build a successful and profitable future. This is why integrity in everything we do for Valeo is our key driver.

Integrity towards our people and our environment is fundamental

With more than 91,000 people working in 32 countries (at end Dec 2016), integrity means ensuring workplace safety and respecting human rights wherever we work. It also means focusing on people, on training them and on developing them. It means valuing diversity. And of course, it means preventing discrimination and harassment. Finally, we are committed to help reduce CO₂ emissions. We respect the environment and do our best to play a responsible role.

Integrity in the marketplace by doing business fairly is part of our culture

We deal fairly and honestly with our business partners. We respect our customers and uphold fair competition practices as much as we combat bribery and corruption. Our procurement and supplier selection processes are fair and we set ethical partnership frameworks with agents and intermediaries.

Protecting Valeo’s property and assets is also a matter of integrity

It starts with protecting Valeo’s information and intellectual property as well as the confidentiality of employees’ private information. It takes respecting third party intellectual property and confidentiality. It’s about ensuring the integrity and legality of our products. It also takes avoiding conflicts of interest, ensuring truth and accuracy of accounts, books and records and combating money laundering, in other words, a total commitment to professionalism and quality and a profound loyalty to Valeo.

Communicating with integrity characterizes our commitment to an ethical and reliable communication

Be it vis-à-vis our people, customers, shareholders, stakeholders, we communicate carefully always considering the audience, the media and the circumstances. We are very cautious even on social media when talking about Valeo or any projects or activity that is Valeo related and we oppose insider trading.

Protect Valeo’s integrity by raising concerns when necessary

Multiple options for raising concerns are available to all employees, including a confidential alert line. Detection of risks and prevention are essential to protecting Valeo and its employees.

While we have zero tolerance for non-compliance, retaliation is not permitted and those who truly believe that the company is at risk should feel free to report issues.

Valeo does not tolerate antitrust and bribery practices. In line with this commitment, we have developed a set of policies and guidelines in our Anti-Bribery Compliance Program and Antitrust Compliance Program.

Naturally, the Ethics and Compliance program also extends to Valeo’s stakeholders, suppliers and service providers, who are governed by our Purchasing Strategy and our Business Partners Code of Conduct. This enables us to be a reliable partner to our customers, as outlined in our Sales Strategy.