At the core of our CR programme are the standards that we subscribe to as a company.
During 2011 we carried out a thorough review of our CR policies and identified a number of gaps which we are in the process of filling. We consolidated the CR governance structure by formalising the membership of a CR Steering Committee (including members of our Management Board) and a broader, company-wide CR Group with their own terms of reference, which are published on our downloads page.
Code of Conduct
In July 2011 we renewed and strengthened our long-standing Business Code of Conduct. The Code applies to all employees in all Coats Group companies globally. Senior managers are required to certify compliance with this Code on an annual basis for the operations for which they have responsibility. A Whistleblowing Policy and process is also in place to encourage the reporting of any incidents of non-compliance with the Code.
Ethics and Anti-Corruption Training
During the second half of 2011 we launched a new online training package covering many of the themes in our CR programme: anti-corruption, competition and ethics. Check out our case study – Company-Wide Ethics Training for more information.
In the course of 2012 we will continue to embed our CR policies throughout our business and establish a robust approach to monitoring and evaluation.