Ethical Business Standards
We are proud to be a responsible and fair employer with a focus on reducing our environmental impact across all our business functions.
The Board of Mpac Group plc is committed to the Group operating to the highest standards of ethical behaviour and we require our employees to practice the highest standards of honesty and integrity in fulfilling their duties. Our Board has established certain principles and policies which it expects all locations within the Group to adhere to and certain values that should be embodied in the day to day activities of the Group. It expects all employees of the Group, led by the members of the Board and the Group’s senior management, to encourage and support all other employees in acting in accordance with those policies.
You can find out about some of those key policies and principles below.
Our Code of Conduct
The Mpac Code of Conduct, is our employee code which supports our ethical business standards and our values.
Our Employment Policy Statement
At Mpac, we understand that everyone is unique and has something special to offer. We respect and appreciate these differences and make the most of everyone’s individual expertise, to benefit the business as a whole.
Diversity is a key part of our daily business and culture. We expect all our employees to respect the dignity, privacy and personal rights of each individual. We do not tolerate discrimination, harassment or abusive language under any circumstance.
We are committed to creating a workplace that is a safe space for our colleagues to be their authentic selves and thrive.
The Group is committed to developing its employment policies in line with best practice and providing equal opportunities for all, irrespective of gender, age, marital status, sexual orientation, ethnic origin, religious belief or disability. Full and fair consideration is given to applications for employment from people with disabilities having regard to their aptitudes and abilities. Every reasonable effort is made to support those who become disabled, either in the same job or, if this is not practicable, in suitable alternative work.
Equality, Diversity and Inclusion Policy
Our Anti-Bribery and Corruption Policy Statement
Mpac Group supports global efforts for a world free of corruption and we expect our people and partners to operate to the highest ethical standards and not to engage in corruption in any form anywhere in the world (and regardless of local business practices).
Corruption (which includes theft, fraud and bribery) harms businesses and fair competition, harms communities and divides society. So, our zero-tolerance approach is non-negotiable – at Mpac, we are proud to reject corruption, even if this results in short term business loss, missed opportunities or delays.
As a UK incorporated Plc, Mpac Group (and all our subsidiaries) are subject to the UK Bribery Act. One of the most stringent anti-bribery regimes in the world. In complying with the UK Act, we are also compliant with important anti-bribery legislation in other jurisdictions, such as the US Foreign Corrupt Practices Act.
In furtherance of this policy, we:
- have a clear anti-bribery and corruption policy
- train our employees so they can recognize and avoid the use of bribery
- operate a clear gifts and entertainment policy to regulate how our employees give and receive gifts and entertainment and to ensure appropriate transparency and reporting
- encourage our employees to be vigilant and to report any suspicion of bribery by providing appropriate means of communication and ensuring that sensitive information is treated accordingly
- investigate instances of alleged bribery thoroughly and we are committed to assist the appropriate authorities with their investigations and any subsequent prosecution
- takes firm action against anyone found, after investigation, to be involved in bribery and corruption. Any any representatives who engage in corruption will have their agreements with Mpac terminated with immediate effect.
Anti-Bribery Policy Speak Up Policy Gifts and Hospitality Policy
Our Policy on Compliance with the Law and Management of Conflicts
Compliance with the law – We will comply with the laws applicable to our business in each country in which our business is carried out. No employee has authority to deviate, or to direct that any other may deviate, from this policy. We will co-operate openly, honestly and courteously with all law enforcement officials acting within the scope of their duties, including officials responsible for health, safety and environmental matters.
We avoid conflicts of interest – Situations in which the Group’s interests and an employee’s personal interests are, or may be seen to be, in conflict must be avoided. We prohibit any employee from acting as a director or consultant to any business not connected with Mpac, or from being employed by any other employer, without full disclosure, and approval, from senior management. However, the Group encourages employees to be involved in charitable, educational or other social pursuits which contribute to the local community, provided they do not interfere with the performance of the employee’s duties.
Our commitment to the markets – As a UK listed company, we recognise and abide by the requirements of our regulator. The Company’s shares are traded on the London Stock Exchange and as such the Company is subject to regulation by the UK’s Financial Conduct Authority (“FCA”). This regulation takes two forms: the Rules of the Alternative Investment Market (AIM) and the Market Abuse Regulations (MAR). The Company endeavours to ensure that we and our employees comply with these responsibilities, including:
- prompt and appropriate communication with the stock market and public distribution of material and information regarding the Company
- ensuring that formal announcements are made as required and within the timescales set by the Rules of the AIM
- carefully controlling the confidentiality and disclosure price sensitive information
- we are commmitted to taking a firm stand against any director or employee who takes part in “insider dealing” or “market abuse” whether in breach of the law relating to insider dealing or MAR
- esuring we deal in Mpac shares at appropriate times.
Our Policy on Political Contributions
It is the Group’s policy neither to make political contributions nor to engage directly in party politics. This does not prevent the Group from lobbying by usual and lawful means to present its views and thus promote certain policies by public authorities which it believes will be beneficial for the business, its customers, employees and shareholders generally. Such lobbying must be on the basis of reasoned, logical argument and not seeking to impose undue pressure.
Our Policy on Fair Competition
Mpac believes in the development and operation of competitive open markets and the liberalisation of trade and investment in each country and market in which we operate. Mpac businesses and employees will conduct their operations in accordance with the principles of fair competition and we shall not enter into any activity constituting anti-competitive behaviour.
Our Health and Safety Policy Statement
The promotion of the health and safety of all employees, contractors and others affected by the Group’s operations and products is a vital, mutual objective for management, employees, and contractors at all levels, worldwide.
It is therefore Mpac Group policy, in all of its businesses, to do all that is reasonably practicable to prevent personal injury and damage.
In particular we aim to:
- provide and maintain safe and healthy working conditions taking account of any applicable legal requirements
- provide training and instruction to enable employees to perform their work safely and efficiently
- make available all necessary safety devices and protective equipment and to supervise their use
- maintain a constant and continuing interest in health and safety matters applicable to the company’s activities, in particular, by consulting and involving employees or their representatives wherever possible
- ensure employees and contractors are aware of their duties and responsibilities.
Employees and contractors worldwide have a duty to co-operate in the operation of this policy by:
- being alert to potential hazards to themselves or others
- complying with Health and Safety rules applicable to them
- reporting any incidents or circumstances that have led or may lead to injury or damage
- assisting in the investigation of accidents, training and spreading good practice, with the objective of introducing measures to improve safety
- availing of the training and the safety devices and equipment provided to them.
The Managing Director/General Manager, at each of the locations within the Group, worldwide, is fully responsible for:
- maintaining safe and healthy working conditions having regard to local laws and practices
- developing a health and safety culture in which employees are proactive in the development of health and safety practices
- making the necessary arrangements within the framework of this general policy stated above.
Our Policy on Environmental and Sustainability
We are committed to protect the environment and to work for a more sustainable world.
Not only are we committed to compliance with environmental legislation, we also seek to minimise the environmental impact of our business; putting sustainability at the forefront of decision making. We measure certain aspects of our carbon emissions and set realistic and achievable reduction targets. We minimise waste arising from our operations and explore opportunities to recycle materials wherever possible, also considering methods of design or operation that minimises waste. The Group aims to reduce its use of water in its operations.
Our Policy on Confidentiality and Intellectual Property
We recognise the value and importance of intellectual property and we strive to protect both ours and our customer’s.
Our employees are expected at all times to maintain confidentiality concerning the affairs of the Group, its customers, its suppliers and other employees. In particular, employees must not during or after their employment disclose any confidential information about the operations, transactions, designs, accounts, finances or other affairs of the Group or employing business without express prior written consent.
We operate robust IT systems, policies and infrastructure to help protect this key asset and the data which we hold.
Our policy on Modern Slavery and Human Trafficking
Mpac operates to high professional standards and we are committed to ensuring there is no modern slavery or human trafficking in any part of our business.
We respect the human rights of employees, including ensuring that employees have the freedom to join a union, associate, or collective bargaining without fear of discrimination against the exercise of such freedoms. We are committed against the use of forced labour and child labour.
Modern Slavery Policy Speak Up Policy
Our Policy on Ethical Supply Chain
We view suppliers as vital members of our team. It is essential to work together to provide our customers with products that meet or exceed their expectations and standards. Our mutual success is dependent on satisfied customers.
Mpac requires all of our suppliers to adhere to our Supplier Requirements Manual, which provides:
- Standards for quality, delivery and service;
- Procedures for working with Mpac Divisions globally;
- Procedures for working with Mpac Supply Chain Operations; and,
- Requirements necessary to meet Mpac Customer requirements.