The Compliance inside BTicino

Shared values, ethical principles and correct behaviors: the Compliance inside BTicino

Compliance means conformity to, respect of, observance of and adherence to laws and regulations, to the rules set forth by the sector Authorities or by the Certification bodies, to the company’s policies and procedures. But there’s something more: Compliance also means conformity to, respect of, observance of and adherence to the ethical values and principles generally acknowledged and shared, to the Code of Ethics that the Company adopted through the implementation of the Group’s Charters and Guides.

All BTicino’s employees and its business partners are required to respect the rules of Compliance, that represent the basis for any professional and commercial relationship.

Organizational Model (``Modello Organizzativo``) - Legislative Decree no. 231/2001

Pursuant to the Legislative Decree no. 231 issued on June 8th, 2001, BTicino S.p.A. decided to implement an Organizational Model (so called “Modello Organizzativo”). This document specifies, by summing them up, all those behaviors that all employees and any third party the Company enters in contact with must adopt, in order to prevent the risk of crimes as set forth by the Legislative Decree no. 231/2001. If these crimes, in fact, are committed in the interest or for the benefit of the Company, the Company itself is considered, by law, responsible as well and is exposed to a high risk of sanctions.

Code of Ethics

Through this Shared Code of Ethics, we wish to reiterate the Group’s strong ethical commitments and set the corresponding behavioural rules applicable to each and every one of you in your daily professional activities, regardless of your role within the Company. This Code serves as a guide to how we conduct our affairs, to ensure that, wherever we operate, we act in the interest of the Group, its teams, customers and business partners” (Benoît Coquart, CEO Legrand)

This document points out the values we believe in and that we look for in our partners, as well as the way we would like to distinguish ourselves as a Company.

The principles referred to in this document are in compliance with our activities and our specific needs and provide us with a frame where to operate in. And, most importantly, this document reflects our way to understand and run business, points out the values we believe in and that we look for in our partners, as well as the way we would like to distinguish ourselves as a Company.

Our purpose is to improve lives by transforming the spaces where people live, work and meet, with electrical and digital infrastructures and connected solutions that are simple, innovative and sustainable. We promote this purpose with pride, guided each day by five unifying values that underpin each and every one of our actions and decisions. These values reflect our corporate culture and identity, helping to bring us together and permeating the way we work: we seize the future; we embrace inclusion; we strive for simplicity; we move in sync; we are dependable.

Fair Competition Charter

Among the general principles, that must direct the behavior and the conduct of the Group, of its employees and partners, as defined inside the Charter of Fundamental Principles, the respect of legality and of antitrust law represents a key value: a healthy and fair competition, in fact, grants the well-functioning of the markets and promotes the long-term innovation. Notwithstanding what above, this type of approach finds its raison d’être only if any cooperator endorses it, by contributing, day by day, to its promotion in the management of our business relationships. Any breach committed by even only one employee, in fact, risks to expose BTicino and Legrand Group to judiciary actions by the competent authorities, with consequent strong financial and criminal sanctions.

A healthy and fair competition grants the well-functioning of the markets and promotes the long-term innovation

The Fair Competition Charter uses clear and simple words, with aim of allowing a better comprehension of the implied legal principles and has the purpose of increasing the sensibility towards practices and rules related to competition. Even if it does not include the overall texts and rules that regulate the competition area, nor the entire set of risks, the Charter provides with a description of the main situations that could put at risk the Company and the Group.

It is necessary to understand that any behavior and practice having, as a consequence, the alteration or the reduction of the competition on a specific market, regardless if purposely or not, shall lead us to a strong surveillance.

Guide to Best Business Practices

Ethics is one of our Group’s core values. This can be seen, in particular, in the constant respect shown by us all for best business practice.

This Guide to Best Business Pratice is also designed to convey our commitment to our partners, suppliers, customers and sub-contractors

The respect of the best business practice indicated in the Guide applies to all employees, managers and people acting in the name or on behalf of the Legrand Group. This Guide applies also to any third parties Legrand Group do business with.

Deeply committed to its values, the Legrand Group ensures that all its activities are carried out ethically and, as such, does not tolerate any form of corruption or fraud. This Guide is intended to help employees identify situations that risk leading to illegal behaviour, as well as to properly manage such situations.