COMPANY
Launched in 2022, Avanos Biotech is expanding its operations in India and is one of the leading Neutraceutical Manufacturing Companies.
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1.1 Our Code of Conduct Policy (hereinafter referred to as the “Code”) sets forth our core values, shared responsibilities, global commitments, and promises.
1.2 It provides general guidance about Avanos Biotech Private Limited (hereinafter referred to as the “Company” or “Avanos Biotech”) expectations, highlights situations that may require particular attention and references additional resources and channels of communication available to us. It is also the first step for you to get clarity on any questions relating to ethical conduct.
1.3 This Code is intended to focus on the areas of ethical risk, provide guidance to recognise and deal with ethical issues, provide mechanisms to report unethical conduct and help foster a culture of honesty and accountability.
1.4 All the officers, directors, employees, contractors, vendors and customers of the Company (hereinafter individually and collectively referred to as the “Stakeholder/s”) must comply with the letter and spirit of this Code.
2.1 We have a duty of loyalty to the Company, and must therefore avoid any actual or apparent conflict of interest with the Company. The “conflict of interest” exists whenever an individual’s private interests interfere or conflict in any way (or even appear to interfere or conflict) with the interests of the Company as a whole.
2.2 The conflict situation can arise when an individual takes actions or has interests that may make it difficult to perform his or her Company work objectively and effectively. The conflict of interest may also arise when an officer, employee or director or a member of his or her family, receives improper personal benefits as a result of his or her position in the Company, whether received from the Company or a third party. Loans to, or guarantees of obligations of Stakeholders and their respective family members may create conflicts of interest. There are many other situations that could create a conflict but these are some of the more common ones we could face.
2.3 Be careful to avoid even the appearance of a conflict of interest because outsiders could view your actions without knowing your intent. We expect you to report any situation that could be a conflict of interest and urge you to seek guidance from the Company, when faced with a [potential] conflict of interest.
3.1 We do not receive, offer, accept or give money, services, favours or gifts to gain an improper business advantage to or from anyone in the government or another company. A government official can be difficult to define but includes: government officers or employees of a government-owned company, a government department, and members of a political party or political candidates among others.
3.2 We comply with all applicable laws related to bribery and corruption, without limitation, the Prevention of Corruption Act, 1988 and the United States of America’s Foreign Corrupt Practices Act (“FCPA”).
3.3 These laws and our policies may allow for gifts of nominal value, entertainment or social invitations (depending on local customs) when in keeping with good business ethics and appropriate approval is given. No cash or cash equivalents (such as, for example, vouchers) must ever be accepted or offered.
3.4 We should be careful when making personal political donations or charitable contributions as often times these can be a way to give a bribe through concealing its true purpose. Bribes aren’t always cash in envelopes; they can also be gifts, entertainment, favours, jobs or anything else of value. We must not pay bribes because they harm the communities we operate in by contributing to corrupt government practices.
3.5 If you suspect or become aware of acts of bribery or corruption, please report to the Company.
4.1 We are responsible for safeguarding the physical property, intellectual property of Avanos Biotech or tangible assets such as equipment and machinery, systems, facilities, materials and resources, as well as intangible assets such as information technology and systems, proprietary information, intellectual property and relationships with customers and supplier’s client, and all other business, proprietary and confidential information of Avanos Biotech including but not limiting to any information concerning the company’s decisions, operations, data, procedures, plans, earnings, income, financial or business forecasts, proposed acquisitions, client or vendor lists, all customer or vendor records, (hereinafter referred to as the “Assets and Confidential Information”) and shall seek to protect the Company’s Assets and Confidential Information from misuse, theft, fraud, damage or loss.
4.2 Misappropriation or unauthorised disclosure of Avanos Biotech's Assets and Confidential Information is a breach of this Code.
5.1 We compete fairly, honestly and vigorously to protect customers, consumers, shareholders and each other. We should always work within the law and our policies to retain and gain the trust of new and existing customers.
5.2 Anti-competitive agreements damage the markets that we operate in. No short term gain will ever be worth damaging our reputation or the trust our customers place with us. We respect the marketplace by not colluding with competitors to set prices, allocating markets or agreeing to overcharge customers for products or services. Similarly, when working with our customers, vendors and distributors, we fairly set prices and support all of our partners in doing business and competing the right way.
6.1 At Avanos Biotech, we strive to provide a work environment free of discrimination and harassment. We are an equal opportunity employer and employment decisions are based on merit and business needs. We are committed to following fair employment practices that provide equal opportunities to all employees. We do not discriminate or allow harassment on the basis of race, color, religion, disability, gender, national origin, sexual orientation, gender identity, gender expression, age, genetic information, military status, or any other legally protected status. At Avanos Biotech, we value diversity and believe that a diverse workplace builds a competitive advantage. To put these values in practice, all of us must ensure that decisions affecting employees are based on business factors only. For instance, decisions regarding hiring, promotion, termination, transfer, leave of absence or compensation should only be based on relevant business factors.
6.2 If you see or are a victim of harassment, speak up so that we can do something about it. Harassment has no place at our Company. If you speak up, you will be protected against acts of retaliation such as intimidation or further harassment. Speaking up against harassment is the right thing to do and helps to create a work environment where we can all reach our full potential.
The Company may share Information with the following entities:
7.1 To work effectively, all of us need a healthy and safe work environment. All forms of substance abuse as well as the use or distribution of drugs and alcohol while at work is prohibited. Unless required as part of your role (for instance for security personnel where deemed necessary), possession and/ or use of weapons/ firearms or ammunition while on business of the Company is prohibited. We must ensure that all reasonable steps are taken to maintain security of employees and eliminate potential causes of all workplace accidents or injuries.
7.2 All of us should be safe at our place of work. Should you observe any unsafe situations at work, please raise your concern to the Company.
8.1 Social media such as Twitter, Facebook, LinkedIn, Instagram and other sites are a big part of how we communicate today. These powerful tools are a great way to interact with others but we must use them responsibly.
8.2 We are responsible for both Avanos Biotech’s sponsored social media, as well as their personal social media accounts, regardless of whether at work or not.
8.3 Remember that anything you post online can create a permanent record. When something is posted it can be very difficult if not impossible to remove. We should use prudent judgement and use proper language while posting on social media.
8.4 While posting on social media, we should always comply with copyright law and any other applicable law, and reference the source of the content.
9.1 Environment is an area of importance to us and our Stakeholders and Avanos Biotech aims to work actively towards minimising its environmental footprint. We ensure that the appropriate culture, management processes, resources and employee engagement are in place to continuously improve our environmental performance.
9.2 The Company’s main environmental goal is to reduce the energy consumption of its products, reduce our consumption of natural resources, to limit our waste and our emissions in order to reduce our environmental footprint and to offer our customers the most environmental friendly products.
9.3 It is the responsibility of everyone to treat environmental issues in a professional way and also to help Avanos Biotech to develop and implement the inherent business opportunities that our energy-lean industry sector can offer to help create a more sustainable society.
10.1 In order to establish trust as well as to protect our reputation and support balanced decision-making, we develop healthy relationships with local governments and communities. Our Company has an important role in promoting responsible business practices based on integrity, trust and openness. We respect local cultures and customs and, whenever practicable, we will facilitate their integration into our businesses. Part of upholding our values in our communities means that we source our materials responsibly and only work with other partners that also promote these values. By acting in accordance with those principles we are supporting human rights, our values and the communities we operate in.
10.2 When doing work with the government, be aware that special rules can apply. Some of the actions we would normally take with other companies aren’t allowed when dealing with the government as a customer. We must strictly comply with specifications in contracts and be transparent with our actions. If there are questions about what is appropriate when dealing with the government, it will always be wise to discuss with your Manager before acting.
11.1 The Stakeholders of the Company on reasons to believe occurrence of any misconduct shall in good faith disclose the same containing all critical documents and evidences of facts through the following modes:
Email at info@avanosbiotech.com or
Courier in sealed envelope at the following address i.e. Avanos Biotech Pvt Ltd, Corporate Office: F49, Sector 2, DSIIDC Industrial Area, Bawana, Delhi-110039
11.2 The complainant must provide all the critical information, documents and evidences.
11.3 All information disclosed during the course of the investigation will remain confidential, except as necessary or appropriate to conduct the investigation.
11.4 The complainant will be given protection in relation to confidentiality and against retaliation. The Company ensures that any Stakeholder can raise concerns regarding any violation free of any fear of retaliation
11.5 The initial enquiry will be conducted by us. We will investigate the complaint and take appropriate actions.
Launched in 2022, Avanos Biotech is expanding its operations in India and is one of the leading Neutraceutical Manufacturing Companies.
Follow us on social media channels to stay updated.