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CODE OF BUSINESS CONDUCT & ETHICS - Sterlite Power ... This Code of Business Conduct and Ethics (the “Code”) is a reference document outlining the standard code of conduct for

Sep 10, 2020

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  • CODE OF BUSINESS CONDUCT & ETHICS

  • CONTENTS 1

    2

    Sterlite Power Transmission Limited

    Message From The Chairman

    3 Message From The CEO

    4 How We Do Business

    5 Introduction

    6 Responsibilities Towards The Company & Co-Workers

    7 Responsibilities Towards Stakeholders

    8 Conflict Of Interests

    9 Brand Use & Protecting Confidential Information

    10 Insider Trading & Information Barriers

    11 Corporate Opportunities 27

    25

    23

    19

    15

    11

    09

    07

    05

    03

    01

  • 12

    13

    Gifts & Donations

    Protection & Use Of Company’s Assets

    14 Environment Health & Safety

    15 Accounting & Payment Practices

    16 Whistleblower Cases

    17 Prevention Of Sexual Harassment

    18 Fraud, Misconduct & Money Laundering

    19 Public Communications

    20 Disciplinary Actions

    21 Administration & Waiver Of This Code

    22 51

    49

    47

    45

    43

    41

    39

    35

    33

    31

    29

    Conclusion

  • STERLITE POWER TRANSMISSION LIMITED

    01 © SPTL

  • This Code of Business Conduct and Ethics (the “Code”) is a reference document outlining the standard code of conduct for Sterlite Power Transmission Limited (the “Company”) and its subsidiaries (together called the “Group”) and for its directors, o�cers, employees, contractors, suppliers or any other third party intermediaries (the “Associates”).

    The Code is for internal compliances and does not create, nor shall it be construed to create, directly or implicitly, any rights, duties or obligations of the Company to any person, body or legal entity.

    CODE OF BUSINESS CONDUCT & ETHICS

    02 © SPTL

  • MESSAGE FROM THE CHAIRMAN

    03 © SPTL

  • Dear Associate,

    The Code is an extension of our values and reflects our commitment to ethical business practices and regulatory compliances. It summarizes the principles and policies that guide our business activities and provides information about our business conduct and Ethics and Compliance Program. It is not meant to replace our detailed policies; rather it reflects statements of our principles in a number of important areas.

    As an Associate, you are responsible for understanding and complying with the standards of the Code, applicable government regulations and our policies.

    We have ambitious business plans and an inspiring purpose of empowering humanity by addressing the toughest challenges of energy delivery. These standards of business conduct exist to provide you with information and resources that will help you make good and informed business decisions. Every Associate acting with integrity is what will help us make Sterlite Power a great company and to achieve our purpose.

    Pravin Agarwal Chairman

    04 © SPTL

  • MESSAGE FROM THE CEO

    05 © SPTL

  • Dear Associate,

    The global business environment is continuously changing & demanding more from us as a Company and as Associates. Not only does the world expect us to deliver the best, it also expects us to conduct ourselves ethically and responsibly.

    We know it is not enough to just do the right things; we have to do them in the right way. The way that we accomplish our work is as important as the work itself. It is essential that we conduct ourselves with integrity and in compliance with the laws and regulations that govern our business activities.

    We aspire to be an excellent Company - A Company that is not only a business leader but also a responsible “Corporate Citizen”. This Code will be of guidance to you to perform your individual and collective responsibilities with integrity, as we pursue our core purpose of empowering humanity by addressing the toughest challenges of energy delivery.

    Pratik Agarwal Chief Executive O�cer

    06 © SPTL

  • HOW WE DO BUSINESS

    07 © SPTL

  • The most valuable asset of the Company is its reputation. The foundation of this reputation is laid down by our behavior towards our customers, our stakeholders, our competitors, our business partners and our contractors and suppliers.

    Our customers and stakeholders expect us to maintain high ethical standards, to fulfil our commitments and to act with complete integrity. We will make sure that our actions and policies are not only compliant with the laws of the land, but are also in line with the highest level of business ethics and personal integrity, in order to carry forward the name and reputation of the Company.

    We will continue to embed the values of Respect, Fun, Innovation & Social Impact in all that we do. Doing the right thing forms the foundation for how we do business and our Code of Conduct represents our shared commitment to operate with the highest level of ethical conduct.

    The Company expects that all Associates will understand and follow the Code. If you see something wrong, or are not sure if something is right, report it.

    It is important to remember that your conduct is very significant for the Company. It is the Associates and their conduct that have helped make this Company what it is today.

    08 © SPTL

  • INTRODUCTION

    09 © SPTL

  • The Code is an important part of the purpose and values of the Company. The Company expects all its Associates to uphold the highest standards of ethical behavior and integrity. We believe that ethical and economic values are independent and that the business community must always strive to operate within the accepted norms established by national and international authorities.

    PURPOSE OF THE CODE

    The Company and all its Associates shall adhere to all the laws and regulations of the country in which they operate and fulfil their obligations in a reliable manner. Associates must be honest and fair and insist our business partners to be the same. In any situation, which is not governed by this Code or any statute or regulations, the Company’s a�airs will be conducted in accordance with its high standards of business practice.

    The Company has ‘zero’ tolerance for any breach of this Code or any applicable laws or regulations or the Group’s standards. The breach is not justified on any ground, even the profit of the Company.

    The Company and all its Associates shall operate as per the guidelines that are laid down in this Code.

    10 © SPTL

  • RESPONSIBILITIES TOWARDS THE COMPANY & CO-WORKERS

    11 © SPTL

  • There should be strict adherence of this Code and all other applicable laws and regulations of the countries where we operate both in letter and spirit. If there is any violation of this Code which an Associate is aware of, it must be reported to stl.whistleblower@vedanta.co.in or via the ethics helpline number 000-800-100-1681. The Associate may choose not to disclose their identity while reporting such violations. The Company ensures that it shall protect the identity of the reporter. Further, the Company hereby, forbids any kind of retaliation against any Associate who reports the violation. Any such act shall be subject to strict disciplinary actions.

    GENERAL GUIDELINES & REPORTING MECHANISM

    The Company prohibits discrimination, harassment or intimidation of any form, which violates the policies of the company or is otherwise unlawful. Any kind of discrimination or harassment based on gender, race, color, creed, caste, religion, nationality, disability, marital status, pregnancy, sexual orientation, culture, socio-economic status or any other characteristic protected under applicable laws is completely prohibited.

    If you or someone else is being subjected to discrimination, harassment or intimidation of any form you must report such behavior to stl.whistleblower@vedanta.co.in.

    ANTI – DISCRIMINATION

    12 © SPTL

  • The Company is committed to comply with all the applicable laws and regulations of the countries where it operates. All of the Associates are expected to uphold the standards laid down in the Code and applicable laws and regulations.

    COMPLIANCE OF LAW

    Maintaining a healthy & productive work environment is everybody’s responsibility. Misusing controlled substances, or selling, manufacturing, distributing, possessing, using or being under the influence of illegal drugs and alcohol at the work place is absolutely prohibited.

    DRUG AND ALCOHOL ABUSE

    13 © SPTL

  • Since each of us is a representative of the Company, we must pay attention to personal grooming and adhere to the recommended dress code wherever applicable. All Associates are expected to dress neatly and in a manner consistent with the nature of work performed.

    When visiting or working on site, Associates must adhere to the dress code maintained at that particular site.

    DRESS CODE

    14 © SPTL

  • RESPONSIBILITIES TOWARDS STAKEHOLDERS

    15 © SPTL

  • The Company works in close connection with the government and its entities. The business of the Company is largely a�ected by the decisions of the government and its

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