NowyStyl_Raport CSR_2022-2023_EN-www

GRI 2-23 GRI 2-25 GRI 3-3 In all its operation, Nowy Styl cares not only about observing the law, but as an international entity, it also tries to be guided by the moral norms of a given community. It is aware of the impact it has on the surrounding reality and feels respon- sible for its actions. That is why the Nowy Styl team keep working on raising the moral standards of conduct in our organization and developing new documents to define our corporate culture. We realize that building a company based on values is a long-term process and requires a lot of determination. Values must be consistent and interrelated. However, we believe that business ethics improves a company’s opera- tions and can reduce the cost of potential conflicts resulting from disrespect for moral rules. The company is made up of people in the first place. Therefore, in order for its business to be ethical, the conduct of its employees must be appro- priate. Employee dishonesty or reprehensible behaviour affects the reputation of the entire company – after all, employees are the company’s calling card, which is why proper selection of staff becomes so important. Documents related to corporate responsibility All our employees are bound by the Code of Ethics devel- oped in 2017 and updated in 2023. The Nowy Styl Code of Ethics is a kind of compass that shows the right directions in our key areas, based on the values and principles important to Nowy Styl. We build our ethical organisational culture on three pillars: > relationships – between Nowy Styl and its employees, customers, suppliers, competitors, social partners and the natural environment (all stakeholders of our organisation > compliance – with applicable law and accepted rules of conduct and values important to Nowy Styl that go beyond legal regulations, > dialogue – as a tool for building relationships with stakeholders in the context of promoting and respecting our values: ambition, humility, honesty and tolerance. We adhere to the principle: Tone at the top – the behaviour of executive staffmodels the perception of our organization and its authenticity, and consequently resonates with lower-level employees and colleagues. In doing so, we believe that an effective ethical culture should be based on trust and credibility and embedded in the behaviours and attitudes of all of us – employees and co-workers at all levels. Every one of us should be an ambassador of the ethical values of Nowy Styl. The Code of Ethics is the foundation on which we build and constantly improve an ethical organizational culture, ensuring that employees and co-workers have no doubts which values matter and which values we base ourselves as an organization. It is equally important that they identify with these values and are guided by them in their daily activities. Code of Ethics 25