AB KLAIPĖDOS NAFTA CONSOLIDATED ANNUAL REPORT
For the financial year ending on 31 December 2021
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The Company does not tolerate corruption of any kind or
its manifestations and is committed to open competition,
ethical business conditions and adequate transparency
and publicity in its operations. The Group is guided by a
policy of zero corruption tolerance. It explicitly and
publicly declares its rejection of bribery, fraud, extortion,
the creation of unofficial accounts, the execution of
unofficial and improperly documented transactions, the
recording of fictitious expenses, the use of false
documents and other forms of corruption as referred to
in the United Nations Convention Against Corruption.
The Company has control mechanisms in place that are
designed to identify, assess, and monitor potential
corruption risk factors. In assessing corruption risks, KN
analyses the activities and processes of each business
segment, compiling a list of corruption risks.
Once a year, KN carries out an assessment of the
likelihood of corruption occurrence. In 2021, the
Company's preparation of technical specifications for the
procurement procedures was analysed to assess the
likelihood of corruption occurrence. Corruption risk is also
assessed in the development of international projects,
looking at both external and internal factors, as well as the
level of corruption risk in the country. Additional control
measures include due diligence procedures for business
partners, anti-corruption clauses in contracts, application
of KN's anti-corruption policy and Code of Conduct in
subsidiaries and in relations with business partners.
In 2021, KN provided anti-corruption training to KN
employees on potential conflicts of interest and their
management, the concept and manifestation of
corruption in Lithuania, corruption risks in public
procurement. In 2021, 3 internal trainings and 2 external
trainings were organised for 152 employees. In 2021,
there were no cases of corruption in the Company.
KN is also involved in the Transparency Academy initiative
initiated by the Office of the President of the Republic of
Lithuania. The aim of the Academy is to encourage
companies to share best practices in the area of
corruption prevention and to receive expert insights and
practical advice.
RESPONSIBILITY TOWARDS EMPLOYEES
The main asset of KN is its employees, who are the most
important link in achieving the Company's objectives.
They are at the heart of our technology activities. The
Company's HR policy is focused on fostering teamwork
and unity, continuous progress, optimal use of human
resources, strengthening employee competencies and
developing an engaged culture that creates greater
added value and enables personal and Company growth.
We promote employee diversity and an inclusive working
environment. Achieving long-term success requires
diverse ideas, perspectives, and talents, and we support
diversity as an important asset and a key resource for
innovation and competitiveness, enabling each of us to
fully participate and contribute to the success of KN and
to help ensure that the business operates efficiently and
takes advantage of the right growth opportunities. The
Company evaluates, promotes, and compensates based
on qualifications, experience, competencies, and
performance, not on bias or personal preference. We
reject all forms of discrimination.
We are guided by the values of KN and adhere to the
principles of respect, cooperation, professionalism, and
progress. Our values guide how we operate anywhere in
the world and what we expect from ourselves, our
colleagues, our customers, our management, and other
key stakeholders.
We foster an environment where every employee is
treated equally, respected, and empowered to reach their
potential.
The Company's remuneration system is based on a work
structure developed using the Hay methodology and by
comparing salary values with foreign-capital companies in
the Lithuanian market, to ensure that every KN employee
is rewarded fairly and competitively. The Company's
objective is to ensure the competitiveness of the
employees' remuneration in the market, internal fairness
of remuneration and to eliminate the possibility of
discrimination on any grounds (age, gender, etc.).
The Company provides a working environment that meets
strict standards of safety and well-being. As a terminal
operator, KN provides and maintains a health and safety
management system aimed at ensuring safety
performance based on legislation and industry best
practice, with clear commitments, targets, and
responsibilities. The Company's objective is to create an
environment in which occupational health and safety risks
are controlled to prevent injuries, accidents, and
occupational diseases, and to identify, assess and control
risks arising from unsafe conditions, occupational injuries
and illnesses related to work processes or the working
environment. It also focuses on educating workers so that
they better understand their role in reducing negative
environmental impacts and so that the health and safety
of themselves and others is the highest value of every
worker.
In 2020, KN got certified for ISO 45001:2018 standard for
all terminal activities in Lithuania, including international
business development, and an audit in 2021 confirmed
existing and new achievements. The ongoing certification
process of KN Açu terminal operations for ISO 45001:2018
is scheduled to be completed in Q2 2022.
One of the Company's key strategic objectives is the
continuous improvement of the safety and health system
by ensuring compliance and enhancing the safety culture
to achieve a rate of 0 significant safety incidents and
accidents. In 2021 KN has established clearly measurable
indicators to monitor safety and health, which are process