Standard Boksit Isletmeleri A.S. has adopted corporate governance, business ethics and corporate responsibility as its basic principles.
We aim to create sustainable values with equality, transparency, accountability, human rights, environment and social responsibility principles in our investment and production projects performed with our structure and policies which follows innovative technologies and to provide better conditions to future generations by prioritizing society and environment. Standard Boksit Isletmeleri A.S. is a 100% Verusa Holding affiliate and has adopted Verusa Holding's sustainability principles based on its principles of consistency and transparency.
Our Sustainability Priorities Sustainability priorities in Verusa Holding and Group Companies are as follows:
Environmentally Friendly Practices We prioritize environmental sustainability in all our activities with the awareness of that our natural resources are not infinite. Our most important aim as a group company is to ensure the protection of people, society and the environment in our investments, to develop efficient and creative business models, to meet the expectations of future generations with environmentally friendly and value-added products.
Social Responsibility In order to take part in social projects that add value to people and the environment, it is our priority to continue our activities in the areas where we operate, through the development of the local people, initiatives to provide financial support to the needy, and donations to various foundations. Occupational Health and Safety Production conditions eliminating the risks in the operation sector are created within the scope of occupational health and safety. In all group companies, all kinds of precautions are taken within the scope of OCCUPATIONAL HEALTH AND SAFETY LAW No. 6331, Labor Law No. 4857 and regulations and legal obligations related to these Laws.
R&D, Innovation and Technology Standard Boksit Isletmeleri A.S. gives importance to R&D and innovation and adapts technological innovations to business process to better manage the demands and to offer value creating products and services to all stakeholder in the changing market conditions where the competition is increased gradually.
Risk Management Solutions are developed to minimize and eliminate potential risks in order to ensure the continuity of our activities and to make the trust we have gained with stakeholders permanent.
It is aimed to create the highest value for our all stakeholders by conducting corporate risk management in line with company strategies and objectives. Accordingly, internal and external risks are identified and analyzed, and risk management strategies are determined. Risk management conforming to international management systems and standards, and observing the balance of growth and return is implemented in line with the policies approved by the Board of Directors, especially by evaluating the feedbacks of the Risk Management Committee and internal departments, and the strategic goals it has determined.
Business Ethics and Anti-Corruption Standard Boksit Isletmeleri A.S. conducts risk management audits, financial statements audits, legislation and compliance audits, bribery and corruption audits every year in order to fulfill its responsibility to create value for its stakeholders in compliance with the legal obligations to which they are subject. Fight against bribery and corruption, which are the foundations of our business ethics approach, is critical for our reputation and the smooth running of our activities. We expect all of our stakeholders, especially suppliers, to adopt this approach. In this context, Standard Boksit Isletmeleri A.S. complies with the legal regulations and the standards required by international trade in the regions where its central operations are carried out. Company managers and employees are regularly updated with trainings on anti-bribery and anti-corruption policies and their implementation processes.