LELY GENERAL BUSINESS PRINCIPLES
Lely, founded in 1948, directs all its efforts towards creating a sustainable, profitable and enjoyable future in farming for its customers. Underpinning Lely’s commitment to responsible corporate citizenship and the pursuit of a sustainable future – economically, socially and environmentally – the General Business Principles set out our principles on integrity and ethics in business conduct. These principles govern Lely’s business decisions, operations and actions throughout the world and apply equally to the company’s actions and to the behavior of individual employees in conducting Lely’s business. They are subject to applicable laws and regulations.
The General Business Principles formulate minimum requirements of behavior. They leave management free to specify additional rules of business conduct. To drive the deployment of the General Business Principles, a separate set of GBP Directives has been published, which are applicable to all employees of Lely Holding B.V. and its subsidiary companies as well as the Company’s representatives in any consolidated joint venture or other kind of partnership in which Lely has an interest (‘Lely’). The GBP Directives form an integral part of the General Business Principles (jointly referred to as ‘GBP’). The General Business Principles, which have been adopted by the Lely Board, are reviewed on a regular basis and revised if necessary.
In order to ensure that business ethics and operations are a living issue throughout the company, a worldwide training program will be put in place to heighten awareness of the absolute need for strict compliance with the General Business Principles.
Lely has five core values. Values guide us in how we behave in dealing with others. On the work floor among colleagues, interacting with our customers, at meetings with our business partners, when dealing with the press; independent of place and time we show our values through our actions. To achieve our mission and vision, we guided by five core values that serve as a compass for how we behave:
We think out-of-the box and seek opportunities for innovation, aiming for a positive change to shape a better future for man and animal.
We are passionate about what we do, committed to the future of the agricultural sector in heart and mind.
We realize that our business can only grow if our people grow; we encourage our people to go that extra mile supporting them with professional and personal development.
Wellbeing of man and animal as well as the environment are at the heart of our company. We are constantly seeking more sustainable alternatives.
We endeavor to live up to our promises; say what we do, do what we say.
1. GENERAL COMMITMENT
Lely inspires and supports farmers with bright farming to build a sustainable, profitable and enjoyable future in farming.
Lely wishes to be a responsible partner in society, acting with integrity towards its customers, employees, suppliers and business partners, competitors, governments and their agencies, and others who can be affected by its activities. Lely duly observes the applicable rules of the law of the countries in which it operates and regularly reviews its interests and those of affected persons or entities in order to ensure a healthy, long-term relationship with them. Lely endeavors to adapt to local situation sin order to take the most appropriate approach to possible problems within the bounds of applicable law and responsible conduct. In this respect Lely supports the principle of dialogue and cooperation with all parties involved.
1.1 HUMAN RIGHTS
With due regard to the Universal Declaration of Human Rights, which states that all parties in society, including corporate persons, have a duty to respect and safeguard human rights, and within the framework of the legitimate role of business, Lely supports and respects human rights and strives to ensure that its activities do not make it an accessory to infringements of human rights.
1.2 CHILD,BONDED AND FORCED LABOR
Under no circumstances will Lely make use of forced or bonded labor, nor will it employ children in violation of Conventions no. 138 and no. 182 of the International Labour Organization.
1.3 FREE MARKET COMPETITION
Lely supports the principle of free market competition as a basis for conducting its business and observes applicable competition laws and regulations.
1.4 PRODUCT SAFETY
Lely aims, at all times, to supply safe products and services.
1.5 ENVIRONMENTAL PROTECTION
Wellbeing of man and animal as well as the environment are at the heart of our company. We are constantly seeking more sustainable alternatives. Consistent with its commitment to sustainable development, Lely will do all that is reasonable and practicable to minimize any adverse effects of its activities on the environment.
2. COMMITMENT TOWARDS CUSTOMERS
Lely’s mission is to inspire people to create innovative solutions that help our customers excel in sustainable milk production, forage harvesting and energy sourcing. Our mission sets our direction for the future. We create and drive breakthrough changes in farming methods. It’s our true north. We are ‘Innovators in Agriculture’.
To this end, the company seeks to maintain an ongoing dialogue with its customers. Lely is committed to listening to and learning from them, so that it is able to design and deliver the solutions they really want and need. Lely will always deal with its customers in a fair and forthright manner, maintaining the highest levels of integrity whilst striving for the highest possible quality of products and services.
3. COMMITMENT TOWARDS EMPLOYEES
Lely values its employees as its key resource. An atmosphere of good employee communication, involvement and responsibility is of key importance, and an employee’s personal development and optimum use of talents is encouraged.
3.1 RIGHT TO ORGANIZE
Lely recognizes and respects the freedom of employees to choose whether or not to establish, or to associate with, any organization. Lely respects – within the framework of (local) law, regulations and prevailing labor relations and employment practices – the right of its employees to be represented by labor unions and other employee organizations, and Lely will engage in negotiations, either on its own behalf or through employers’ associations, with a view to reaching agreement on employment conditions.
3.2 HEALTH AND SAFETY
Lely will do all that is reasonable and practicable to protect the health and safety of its employees.
3.3 EQUAL AND FAIR TREATMENT
Every employee has equal opportunities and will be treated equally in employment and occupation regardless of personal background, race, gender, nationality, age, sexual preference or religious belief. The same applies to the recruitment of employees. Lely strives to offer equal pay for equal work performed at equal levels at similar locations. No form of harassment or discrimination will be tolerated.
3.4 WAGES AND PAYMENT
Remuneration and working hours shall comply with local labor laws and shall at least be in line with prevailing industry norms.
4. COMMITMENT TOWARDS SUPPLIERS AND BUSINESS PARTNERS
Lely pursues mutually beneficial relationships with its suppliers and business partners. It seeks to award business to suppliers and business partners who are committed to act fairly and with integrity towards their stakeholders and who observe the applicable laws of the countries in which they operate.
5. ASSETS AND INFORMATION
5.1 USE AND PROTECTION OF ASSETS
Each employee is responsible for the proper use, protection and conservation of Lely’s assets and resources as well as confidential information disclosed to Lely by its business partners. Lely’s assets and resources, as well as any opportunities arising by virtue of one’s position, are to be used solely to pursue and achieve Lely’s goals and not for personal benefit.
5.2 IMPROPER DISCLOSURE
Lely regards information for the purpose of its business as a corporate asset that must be protected against loss, infringement and improper use and disclosure. Lely is committed not to make use of information disclosed to it by a third party if it is suspected that the discloser thereby violates an obligation of confidentiality, unless the information:
a) is generally available to the public other than as a result of disclosure by Lely;
b) has been developed independently by Lely; or
c) becomes available to Lely either on a non-confidential basis from a third party who is not bound by any confidentiality obligations or by operation of law.
6. BUSINESS INTEGRITY
6.1 BRIBERY; RECORDS OF TRANSACTIONS
Lely insists on honesty, integrity and fairness in all aspects of its business. Bribes in any form are unacceptable; commission payments and personal gifts or favors may only be made or accepted in strict accordance with the GBP Directives. Lely strives to comply with the highest levels of transparency and accountability throughout the company. Records of transactions should be maintained in an accurate, complete and timely manner in accordance with Lely accounting principles. No unrecorded funds or assets should be established or maintained.
6.2 THIRD-PARTY INTERESTS
Employees are not allowed to have any direct or indirect financial interest in a supplier or competing company with the exception of a financial interest in a publicly traded company.
6.3 POLITICAL PAYMENTS
Lely companies shall not make payments or donations, in money or in kind, to political parties, political organizations or individual politicians, unless such payments are made in strict accordance with the GBP Directives.
7. OBSERVANCE OF THE GENERAL BUSINESS PRINCIPLES
All Lely employees must comply with the General Business Principles. Violation may lead to disciplinary action, including dismissal, notwithstanding any further civil or criminal action that may be taken.
7.2 WHISTLEBLOWER POLICY
In order to promote the reporting of violations of the General Business Principles, employees may submit complaints to a Compliance Officer on an anonymous basis without fear of the complaints leading to disciplinary action.
Lely has implemented a network of local Compliance Officers, who in that role report to the global Compliance Officer. Employees should contact a Compliance Officer in the event of any question about the General Business Principles or reporting of a potential violation thereof.