Overview

Sustainability Policy

Cenergy Holdings strongly believes that its subsidiaries must demonstrate the same responsibility and share the same principles and commitment in sustainability issues in order to foster resilient and sustainable growth and employment, provide transparency to all its stakeholders (including employees and customers) and preserve long term value for its shareholders.

The Holding Company defines a “Reference Code” that all its entities should at a minimum follow regarding sustainability matters.  Then subsidiaries develop their own respective policies based on this “code” and are responsible for compliance to their own policies.

Cenergy’s policy principles are reflected in its “Sustainability policy”.  The policy covers all important sustainability issues and non financial issues required by Belgian Companies and Associations Code.  More specifically, the following matters are included:


Business Ethics & Anti-Corruption

Cenergy Holdings’ companies are committed to conducting their business with honesty and integrity and in compliance with all relevant laws.  All companies ensure transparency in all interactions and acknowledge that they have a moral and legal obligation to act responsibly in all jurisdictions.  Companies’ business growth and success shall rest on the excellence of their products and services and under no circumstances, may tolerate illegal or unethical business activity.  Their performance and competitiveness are strengthened solely through lawful conduct.

Cenergy Holdings and its companies are fully opposed to all kinds of bribery and corruption.  They are determined to maintain a culture of honesty and opposition to fraud and corruption.  They also vouch they maintain a system of internal accounting controls and keep their books and records in reasonable detail that accurately and fairly reflect transactions and dispositions of assets.

Environment

Cenergy Holdings subsidiaries are committed to operate with absolute responsibility and respect for the environment.  Sound environmental management of production and storage installations is one of the most important targets and is absolutely essential to the sustainability of the Companies’ activities.

All companies operate in full compliance with applicable national and EU environmental legislation, as well as with the specific environmental operational terms of each plant. They also operate in a state of absolute transparency and participate in an open dialogue on environmental issues with all the stakeholders.

Labor and Human Rights

Cenergy Holdings and its companies have zero tolerance for any discrimination of race, gender, religion, age, nationality, social or ethnic origin, disability, sexual orientation, or political and trade union engagement.  These principles apply to the recruitment of new employees, to employees with an employment contract and to the professional promotion of their employees.  The only decisive factors of employment are performance, experience, personality, efficiency, skills and qualifications.

The Holding and its subsidiaries reject any form of forced labor. All work performed in the companies must be voluntary.  The employment of individuals under the applicable statutory minimum age for workers is prohibited.

All Cenergy Holdings companies are committed to continually promote health and safety for their employees as well as for their partners, including customers, suppliers, contractors and visitors.  Cenergy companies strictly comply with all applicable legislation and fully implement all suitable standards, instructions and procedures regarding health and safety.

The Holding and its companies recognise the right of all employees and stakeholders to work with dignity and believe that everyone in the Companies is responsible for having due regard for human rights.

All entities support and respect the fundamental principles, as articulated in the Universal Declaration of Human Rights.  All Companies support the protection of international human rights within the sphere of their influence, and will not be complicit in human rights abuses.  The Companies’ policies and procedures adhere to all applicable domestic laws concerning freedom of association and collective bargaining, non-discrimination, forced labor and underage workers in the workplace.

Social issues

Cenergy Holdings and its companies are committed to operate responsibly in all their business activities while at the same time expecting the same responsibility from its business partners.  Concern for employee health and safety, respect and protection of the environment, comprehensive coverage of customer needs, responsible business practices from its suppliers and harmonious coexistence with the local communities in which they operate are the main issues with a wider social impact.