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The company understands that a good reputation earned by the systematic application of ethical principles encourages investment by shareholders, attracts the best human resources, fosters relations with its trading, business and financial partners, reinforces its reliability in the eyes of creditors and ensures peaceful relations with its employees and suppliers; conversely unethical conduct compromises relationships of trust and can arouse hostility towards the company. The purpose of this Code of Ethics is to define the ethical obligations and responsibilities which the company, its directors, managers, employees and associates are required to fulfil by their conduct when carrying out their activities; hence it provides a profile of the company’s standards of ethics.


The Code of Ethics is applicable to all of the company’s directors, employees and associates, without exception, and all those who, directly or indirectly, permanently or temporarily, establish relationships or contacts with the company and work to pursue the related objectives as contractors, suppliers or providers of services. They therefore have the obligation to be familiar with the standards of the Code of Ethics and to adhere to the principles and standards of behaviour specified therein, in this way governing daily conduct, while respecting religious, cultural and social differences. The rules contained in this Code of Ethics incorporate the behaviour which employees and associates are obliged to observe in compliance also with the normal standards of diligence with which workers are required to comply, governed by the applicable regulations and contracts on the matter of working relations.


In no case may the pursuit of the company’s interests justify conduct that conflicts with current legislation or the rules of this Code. In each business relationship, all the parties must be informed about the existence and the contents of this Code of Ethics and are contractually obliged respect them. To this end, when dealing with third parties, all recipients of this Code, by virtue of their positions, will be responsible to: - inform them fully about the duties and obligations imposed by the Code; - require compliance with the obligations that directly relate to their activity; - adopt appropriate internal and external initiatives in the event of non-compliance. This Code of Ethics is valid in all the geographical and operational contexts in which the company operates.