At BIO OIL GROUP, we are committed to maintaining the highest standards of integrity, transparency, and sustainability in all aspects of our business. Our Code of Conduct serves as a guiding document that embodies our core values and principles, ensuring that we operate with respect, fairness, and accountability.
Our dedication to these values is unwavering and is reflected in our commitment to ethical practices, responsible stewardship of the environment, and the well-being of our employees and communities. We believe that by adhering to these principles, we can foster a culture of trust and excellence that will drive our success and contribute positively to society.
BIO OIL GROUP is devoted to the environment and society, extending our responsibilities to future generations. As we turn waste into energy, we aim to create sustainable solutions that minimise environmental impact and enhance the quality of life for current and future communities. We are continuously exploring innovative ways to reduce our carbon footprint and promote renewable energy sources, demonstrating our pledge to environmental sustainability.
This Code of Conduct is not just a set of rules, but a reflection of who we are and what we stand for. It provides a framework for making decisions, solving problems, and facing challenges with integrity and respect. We expect all members of the BIO OIL GROUP to embrace these values and uphold the standards set out in this document.
Let us work collectively to ensure our actions reflect our values, and strive to create a business community that we can all take pride in. By doing so, we not only safeguard the interests of our stakeholders but also contribute to a better, more sustainable world.
Our Code of Conduct must be observed by all employees across levels and hierarchy, as well as directors and officers at BIO OIL GROUP. Contractors and consultants who are agents of, or working on behalf of, or in the name of BIO OIL GROUP are required to act consistently with this Code.
We also expect our business partners, suppliers, service providers and all other stakeholders to identify with these contents and values and to apply standards that are comparable to this Code.
This Code represents a voluntary pledge by BIO OIL GROUP, but it does not create any rights or claims for third parties.
Building trust through mutual respect is the cornerstone of effective collaboration. Our business has zero tolerance for any form of discrimination and harassment, whether it pertains to age, ethnicity, race or skin colour, national origin, religion or belief, political stance, gender, sexual orientation, or disability. We foster an environment where employees treat one another with dignity and appreciation, allowing potential to flourish and mutual support to become standard practice.
BIO OIL GROUP strictly prohibits and does not condone any form of discrimination, harassment, or intimidation. Any instances of threats or acts of violence occurring within the office or in work-related settings must be reported immediately and will face serious consequences.
Ensuring the health and safety of all employees is our top priority. Management strictly follows relevant regulations, and employees must do the same. We aim to set high standards in health, safety, and environmental protection, continuously improving our practices. New employees receive training on safety regulations, including emergency plans and fire safety, with regular updates provided in writing. Specific work and safety clothing are issued to employees in designated areas such as production and laboratory.
The expectations for employees encompass, but are not limited to:
Our Code of Conduct is a key element of our employees’ general terms and conditions of employment, serving as the primary guideline for expected behaviour. Consequently, certain obligations within this Code persist even after an employee leaves the organisation. Among these enduring responsibilities is the requirement to uphold confidentiality concerning all corporate and business secrets.
At BIO OIL GROUP, we place immense value on our relationships with our customers. We are committed to fostering trust through transparency, reliability, and superior service. Integrity and fairness shape our customer relationships. We follow all legal and regulatory requirements for customer protection, treating everyone with respect and keeping our commitments to customers, partners, and service providers. We ensure we have the necessary licences, expertise, and infrastructure to offer our products and services responsibly.
The EU General Data Protection Regulation is fundamental to our approach to data protection. We protect stakeholder data internally and externally, disclosing it only when legally required. Data protection and confidentiality are paramount in our company.
Our approach to customer relations is guided by the following principles:
Our dedication to social and environmental responsibility is unwavering, serving as the keystone of our operations at BIO OIL GROUP. We are committed to the innovative transformation of waste into valuable energy sources, particularly through the conversion of used cooking oil into biodiesel. This initiative not only mitigates environmental pollution but also advances sustainable energy solutions. By championing a circular economy, we ensure the efficient and sustainable repurposing of waste products. Our mission is to exemplify environmental stewardship and to cultivate a more sustainable future for coming generations.
At BIO OIL GROUP, we continuously seek new methods to repurpose waste materials, reducing the strain on natural resources. Our research and development teams work to improve the processes of converting waste into energy, aiming to maximise efficiency and minimise environmental impact.
Central to our environmental strategy is the concept of a circular economy. By reusing and recycling materials wherever possible, we aim to create a closed-loop system that reduces waste and conserves resources. This approach not only benefits the environment but also enhances the resilience and sustainability of our business operations.
We take our role as environmental stewards seriously, implementing rigorous standards and practices to ensure that our operations have a minimal environmental impact. This includes everything from reducing greenhouse gas emissions to ensuring the responsible disposal of hazardous materials.
We also believe that fostering a culture of sustainability extends beyond our operations and into the communities we serve. BIO OIL GROUP engages with local communities to educate and promote sustainable practices, including hosting workshops, participating in environmental initiatives, and supporting local green projects.
Our suppliers are integral to our mission. We pledge to collaborate only with those who share our values and commitment to ethical business practices, environmental stewardship, and social responsibility. We expect our suppliers to adhere rigorously to all pertinent laws and regulatory requirements, as well as the principles set out in this Code of Conduct, which constitute the foundational standards for engaging in business with us.
We are committed to ethical, legal, and socially responsible practices and expect the same from our suppliers. The standards below are the minimum we require, and they are set out in full, together with how they are applied, in our Supplier Code of Conduct.
We expect our suppliers to share our commitment to a clean and safe environment. Our suppliers shall agree to comply with local and international environmental regulations and standards. Such compliance shall include, as a minimum, the following:
We are dedicated to upholding international labour standards and require our suppliers to follow global principles and to comply with national laws and corporate codes. We recognise that respecting workers’ rights and improving working conditions are crucial to our business partnerships. The following outlines the minimum standard:
Forced Labour: the use of forced labour by our suppliers, whether obtained under the threat of punishment, withholding identity papers, requiring workers to deposit a bond or any other constraint, is strictly prohibited.
Child Labour: suppliers shall not employ any person below the minimum working age set by applicable law, and in no case below the age established by ILO Convention No. 138. No person under the age of 18 shall be engaged in hazardous work.
Harassment and Abuse: we expect our suppliers to treat their workers with respect and dignity. Our suppliers may not allow or engage in any kind of corporal punishment, psychological or physical harassment or any other kind of abuse.
Discrimination: discrimination of workers in any form is prohibited. This applies to discrimination on the basis of gender, race, skin colour, disability, political opinion, origin, religion, age, pregnancy or sexual orientation. The personal dignity, privacy and personal rights of each individual are to be respected.
Wages and Benefits: as a minimum, our suppliers shall pay regular wages and pay for overtime at the legal rate imposed by the country in which they operate, and provide their workers with the benefits the applicable law requires. If there is no legal minimum wage or overtime pay in the country in which they operate, the supplier shall ensure that wages are at least equal to the average minimum in the industrial sector in question and that overtime pay is at least the same as the usual rate of pay.
Freedom of Association: we expect our suppliers to respect and recognise the right of each worker to negotiate collectively, and to create or join the union organisation of their choice without penalty, in accordance with local labour laws and established practices.
Occupational Health and Safety: based on the specific risks present in their industrial sector, the supplier will provide their workers with a healthy and safe working environment. As a minimum:
Legal Requirements: we expect our suppliers to act in full compliance with the law. Our suppliers shall abide by all national, local and international laws relating to the management of their businesses.
Customs and Security Authorities: the supplier must follow customs laws, including those on imports and the prohibition of merchandise transshipment into the importing country.
Anti-Corruption: suppliers agree to condemn and act against corruption in all its forms, including extortion and kickbacks.
Confidentiality and Data Protection: the supplier agrees to meet the reasonable expectations of its principal, suppliers, customers, consumers and employees with respect to the protection of their private information. The supplier shall comply with data protection and information security laws and government regulations when collecting, storing, processing, transmitting and disclosing personal information.
Suppliers shall conduct internal audits and inspections to ensure their compliance with BIO OIL GROUP’s Code of Conduct and applicable legal requirements. Should a supplier detect any instance of non-compliance, they agree to inform BIO OIL GROUP and address the issue promptly.
We retain the authority to carry out audits if we reasonably believe, based on credible evidence, that there may be a violation of this Code of Conduct.
BIO OIL GROUP employs a rigorous and multifaceted approach to ensure its anti-bribery and anti-corruption stance is upheld across all operations and dealings. Our internal anti-bribery and anti-corruption policy is aligned with international anti-corruption standards and best practices. The company’s zero-tolerance policy towards bribery and corruption is communicated clearly and consistently to all employees, suppliers, and stakeholders. Regular training programmes are conducted to educate all personnel about the importance of ethical conduct and the consequences of corrupt activities. BIO OIL GROUP also applies due diligence processes for vetting and monitoring third-party relationships to prevent any involvement in corrupt practices.
By fostering a culture of transparency and accountability, BIO OIL GROUP ensures that its commitment to combatting bribery and corruption is not only a policy but a practice across the organisation.
BIO OIL GROUP acknowledges the potential influence of lobbying on public policy and recognises its responsibility to conduct such activities ethically and transparently. This section outlines the principles that govern our lobbying practices to ensure they are aligned with our corporate values and legal obligations.
We are committed to complying with all applicable national and international laws and regulations governing lobbying activities. Our practices are designed to uphold the highest standards of professional conduct, ensuring that our actions are legal, ethical, and transparent.
We are dedicated to maintaining transparency in all our lobbying efforts. BIO OIL GROUP ensures that all lobbying activities are conducted with integrity and are reported accurately in compliance with legal requirements. We avoid any actions or representations that could be misleading or deceptive.
BIO OIL GROUP strictly avoids any conflicts of interest in its lobbying activities. We ensure that our lobbying efforts do not compromise our ethical standards or create any undue advantage for the company or its stakeholders. Employees and representatives involved in lobbying are required to disclose any potential conflicts of interest and take appropriate measures to mitigate them.
In all lobbying activities, BIO OIL GROUP adheres to data protection and information security laws. We take all necessary steps to safeguard sensitive information and ensure that any data shared or used in the context of lobbying is protected and handled in accordance with legal standards.
BIO OIL GROUP’s lobbying practices are grounded in the highest standards of ethical conduct. We advocate for policies and regulations that promote the betterment and strengthening of our industry while ensuring that our actions are fair, just, and in the public interest. All employees and representatives engaged in lobbying are expected to conduct themselves with the utmost professionalism and integrity.
We monitor and review our lobbying efforts to ensure they remain in alignment with our corporate values, our legal obligations and this Code of Conduct. Where a lobbying activity raises a question under this Code, it is referred to the Compliance Officer, and any issue identified is addressed.
By fostering a culture of transparency, accountability, and ethical conduct, BIO OIL GROUP ensures that its commitment to ethical lobbying is not only a policy but a practice across the organisation. Our adherence to these principles strengthens our reputation and supports the sustainable development of our industry.
BIO OIL GROUP is committed to responsible sponsoring and donation practices. Our contributions are aimed at fostering positive social, environmental, and economic impacts within the communities in which we operate and serve. We assess all sponsorship and donation opportunities to ensure they align with our corporate values and ethical standards.
All sponsorships and donations are conducted with full transparency and accountability. We document and report our contributions, ensuring they comply with legal requirements and do not create any conflicts of interest. BIO OIL GROUP does not engage in sponsorships or donations that could be perceived as attempts to gain undue influence or favour.
Employees and representatives involved in managing sponsorships and donations are expected to uphold the highest ethical standards, ensuring that all contributions are made in the spirit of genuine support and community engagement. We prioritise initiatives that promote sustainability, education, health, and social welfare, reflecting our commitment to making a positive difference.
BIO OIL GROUP is steadfast in its commitment to upholding and promoting human rights across all aspects of our operations. We recognise the inherent dignity and equal rights of all individuals and strive to ensure that our business practices reflect this core value.
We are dedicated to the continuous improvement of our human rights practices. We regularly review and assess our policies and procedures to ensure they remain effective and aligned with international standards. By embedding human rights into our business operations, BIO OIL GROUP aims to create a positive and lasting impact.
We adhere to internationally recognised human rights principles, including those set out in the Universal Declaration of Human Rights, the core conventions of the International Labour Organization (ILO), and the United Nations Guiding Principles on Business and Human Rights. Our policies and procedures are designed to respect and protect the rights of our employees, stakeholders, and the communities in which we operate. Our commitments in this area are set out in full in our Human Rights Policy.
BIO OIL GROUP is an equal opportunity employer that prohibits discrimination, harassment, and retaliation in all forms. We are dedicated to fostering an inclusive workplace where diversity is valued, and all individuals have the opportunity to succeed based on their talents and merits. We ensure that our hiring, promotion, and compensation practices are fair and transparent, promoting equity and diversity at all levels of our organisation.
We are committed to providing a safe, healthy, and respectful work environment for all employees. We implement stringent health and safety standards and regularly review and update our practices to ensure the well-being of our workforce. Employees are encouraged to report any concerns related to workplace safety or human rights without fear of retaliation.
We believe in contributing to the development and well-being of the communities where we operate. Our human rights commitments extend to supporting local initiatives that enhance education, healthcare, economic opportunities, and social welfare. We engage with community leaders and stakeholders to understand their needs and to develop programmes that deliver meaningful and sustainable benefits.
We provide accessible and transparent grievance mechanisms to address any concern relating to this Code or to human rights, raised by employees, contractors, suppliers and their workers, or members of affected communities. Complaints are handled promptly, confidentially, and impartially.
Concerns may be raised through our whistleblower channel at https://www.bio-oil.biz/en/compliance or directly to compliance@bio-oil.biz. Reports may be made anonymously, and we do not tolerate retaliation against anyone who raises a concern in good faith.
As a conscientious and responsible organisation, we commit to maintaining the highest standards of social performance. This includes fostering integrity, respect, and inclusivity while ensuring the well-being of our employees, stakeholders, and the broader community.
We pledge to conduct our business with honesty and transparency, adhering to ethical principles in our decisions and actions. Our commitment to ethical practices includes:
Recognising our responsibility to protect the environment for future generations, our environmental stewardship efforts include:
We are also dedicated to making a positive impact on the communities where we operate, by:
Overall responsibility for this Code rests with executive management. The Compliance Officer is responsible for its implementation and reports to executive management. This Code is reviewed annually.
BIO OIL GROUP is committed to maintaining the highest standards of conduct. Our policies reflect this commitment and ensure that we operate with integrity and respect for all. We believe that adherence to this Code of Conduct is fundamental to a thriving, ethical, and inclusive organisation. For any report or concern, please contact us at compliance@bio-oil.biz or use our whistleblower channel at https://www.bio-oil.biz/en/compliance.
Version 2.0 · Effective August 2026 · Approved by executive management
Supersedes all previous versions. Previous versions available on request: compliance@bio-oil.biz