Code of Ethics


Code of Ethical Conduct

applicable at PILE ELBUD S.A.


The purpose of the Code of Ethical Conduct in force at PILE ELBUD S.A. is to shape the proper culture and ethical principles of life, in particular the work culture within the Company as well as between the Company and its surroundings.


The Code is addressed to everyone employed at PILE ELBUD S.A., regardless of their position, seniority, contract type, work time, or scope of responsibility.

The provisions of the Code are also addressed to our clients, business partners, shareholders and other stakeholders operating in the PILE ELBUD environment.

This Code is based on ethical principles such as the rule of law, integrity, transparency and responsibility. The values and principles set out in the Code are to motivate and support the achievement of common goals - both business and individual ones.

The aim of the Management Board of PILE ELBUD is to ensure fair and equal treatment in the decision-making process, offering high-quality services, sustainable development of the Company, financial integrity, and commitment to social and environmental issues.



I. Our Values

  1. Health
  2. Quality and service
  3. Integrity
  4. Constant development
  5. Safety



II. General Ethical Principles in Force at PILE ELBUD

  1. Rule of law – compliance with the law, principles of social coexistence and good manners in business.
  2. Reliability – timely fulfilment of the provisions contained in our contracts. Making sure that relations with contractors are based on professionalism and mutual trust.
  3. Transparency – conducting business in a transparent manner, clear for our clients, business partners, shareholders and other stakeholders operating in the PILE ELBUD environment.
  4. Intellectual property – ensuring the security of data entrusted for processing.
  5. Constant development – taking actions to guarantee the development and enable further improvement of employees.


III. Sustainable Development of the Company and Maintaining the Dynamics of Profit Growth Achieved by Fair Methods

  1. The Management Board supervises the achievement of the Company’s strategic goals by taking care of the sustainable development and maintaining the dynamics of profit growth, as well as supervising the Company’s operations and putting emphasis on achieving good results by acting ethically and following the principles of sustainable development.
  2. Correspondence with the Company’s clients is complete, proper and transparent. We prepare financial reports in such a way as to present a clear and reliable picture of our transactions and financial statements.
  3. Our financial integrity is unthreatened. Our financial operations and commercial transactions are properly checked and then approved. No personal interests can influence our judgement or implementation of business decisions.
  4. We protect our assets against threats and supervise their proper commercial use, always in accordance with the law.
  5. We protect our confidential information and respect the confidential information of third parties.
  6. We protect the Company’s industrial property rights and respect the industrial property rights of third parties
  7. We ensure the continuity of the Company’s operations as part of responsible management practices, committing to make every effort to continue the supply of basic products and services in the event of an emergency.



IV. Business Partner Preferred by Contractors

  1. We strive to ensure that the Company’s contractors get full satisfaction from cooperating with PILE ELBUD. We tune in to their needs and expectations in order to provide the highest quality services in all aspects of business relations.
  2. We are aware of the importance of free competition. PILE ELBUD competes with many other entities on the market and always does so in accordance with applicable competition law, antitrust laws, and fair trade regulations.
  3. We do not tolerate corrupt actions in order to achieve our commercial goals.
    We do not tolerate direct or indirect corrupt actions.
  4. We are aware of the importance of responsible advertising given the nature of our services; therefore, we operate in accordance with the legal provisions relating to this type of activity and adhere to strict ethical principles in the advertising of our products and services.



V. Internal Relations – Respect and Partnership

  1. As employees, we are all responsible for PILE ELBUD.
  2. TWe treat our employees fairly, equally and with respect, promoting mutual respect. We do not tolerate any form of harassment or discrimination.
  3. Diversity is a value - we wish to create a work environment that enables all employees to develop their maximum potential. We want to attract and retain talented and open-minded people with a positive attitude, whose behaviour is in line with the Company’s values.
  4. We provide fair, ethical and safe working conditions. We respect employees’ right to privacy, without prejudice to monitoring and control as required by law. We strive to continuously improve the health and safety of employees at work by managing health and safety matters at all levels.
  5. We do not accept child labour or any form of forced labour.
  6. We apply professional selection criteria, ensuring the objectivity of the recruitment process.
  7. We make every effort to enable employees to participate in highest-level training in order to prepare them for their current and future tasks and responsibilities.
  8. The managers of organisational units in the Company motivate and care for the development of employees and promote values ​​within their teams, while providing employees with full independence in performing their duties and ensuring work efficiency.
  9. PILE ELBUD employees are required to protect the Company’s property and use it properly and effectively.
  10. We ensure the freedom of speech and expression, provided that this right is exercised in accordance with the provisions set out in the Code and does not involve any damage in the performance of the employee’s duties. We respect employees’ freedom of association.  



VI. Information Safety

  1. Any information, documents or data that employees obtain or learn as a result of their work in the Company are confidential, regardless of whether the information belongs to the Company itself or a third party.
  2. Employees are familiar with the Company’s data protection policy, which includes the rules, regulations and procedures implemented in order to ensure compliance with the regulations on the protection of personal data. Employees are obliged to comply with the provisions of the above-mentioned Policy.
  3. Any technological means made available by PILE ELBUD to its employees for the development of their professional activities - including, in particular, computer hardware, e-mail, and mobile devices - are intended for professional use only.



VII. Choosing the Best Offer While Maintaining Maximum Impartiality and Objectivity

  1. We expect our contractors to comply with the laws of the countries in which they operate, follow the principles of corporate social responsibility and adhere to the rules of ethics in their business practices as set out in the Code.
  2. We manage the Company in an orderly and transparent manner, e.g. by looking for a few potential contractors each time in order to ensure the impartiality and effectiveness of our actions.
  3. We evaluate our contractors based on objective criteria, maintaining the transparency of the entire process both within the Company and in relation to the suppliers and contractors, as we strive to maintain long-term business relationships with them.
  4. We build relationships on mutual trust, while exercising maximum control and maintaining professionalism.
  5. Employees are not authorised to accept gifts, personal benefits or any other type of compensation from suppliers, contractors or any legal entity or individual that intends to become a supplier or contractor of the Company.
  6. We make sure that our suppliers have the continuous ability to provide their products and services of the required quality and at the agreed prices. We constantly monitor improvements introduced by manufacturers and enter into appropriate quality agreements to ensure that a given product complies with the agreed specifications and applicable law throughout the period of its use.



VIII. Transparency, Counteracting Corruption and Conflicts of Interest

  1. We do not allow anyone to get or offer any benefits in connection with their functions and duties performed.
  2. We avoid any form of nepotism.
  3. We do not tolerate any form of corruption, including accepting or giving bribes.
  4. We avoid relationships that could influence the decision-making processes or cause an apparent or real conflict between a private interest and the interest of the Company.
  5. One of our primary responsibilities is to avoid any conflicts of interest, even potential ones.
  6. In the event that a conflict of interest occurs or that an employee finds themselves in a situation that could involve or lead to a conflict of interest, the employee is then obliged to notify their immediate supervisor of this fact so that the problem can be solved in a fair and transparent manner.



IX. Commitment to Environmental and Social Issues

  1. We take full responsibility for the impact of the Company’s activities on the environment. We adhere to the ecological restrictions resulting from legal regulations.
  2. We maintain a system compliant with the ISO 14001 environmental standard, which is an important element of the corporate system for managing key processes.
  3. In managing the Company, we adhere to the criteria of the Corporate Social Responsibility principle by developing formal management policies and creating systems applicable in the economic, social and environmental spheres, ensuring information transparency and external control of the results achieved in these areas.
  4. We create new jobs through investments and development of the company.