Next Topic
Select SDGs to find out how we are taking action in support of the UN Substinable Development Goals
ICL’s approach is to comply with all provisions of the law, statutes, regulations, treaties, instructions and permits in all areas of its operations. On top of this compliance approach, ICL has assumed additional standards and internal procedures that are in line with its values, principles and behavioral norms.
Integrity, fairness and prevention of bribery and corruption are central values of ICL’s organizational culture
As a leading global company, ICL is careful to comply with applicable laws and regulations in all locations where it conducts business. For this reason, the Company’s compliance policies and programs are characterized by a high standard of caution, adopting heightened European and American standards. This includes preventing bribery and corruption, harassment, fraud, and violations in trade compliance, antitrust, securities, money laundering, and privacy laws such as the GDPR.
ICL is implementing its Compliance Code with multiple steps and actions throughout the Company. These include company-wide activities such as compliance training during ESG Week, global computer training (read more below), establishing a Global Code of Ethics Committee and more.
ICL’s Global Ethics Committee was established in the second half of 2019, to promote and adopt best practices for corporate governance and corporate ethics in ICL. ICL’s Global Ethics Committee includes up to 12 employees and ICL executives around the world. Committee members discuss fundamental issues in ethics and compliance, influence and take an active role in outlining activities to implement the code of ethics and to build plans to improve corporate governance and ethics involving all stakeholders of the Company. ICL transparently communicates to all its employees the issues raised in the committee meetings, and the consequent decisions and guidance. See two examples of these communications here and here.
Raising awareness and focusing on ICL’s commitment to compliance, were part of ICL’s Global ESG Week. This week included multiple virtual events and other activities in Israel, Europe, the Americas and China. The highlights of the program included: Global Compliance Experts Round Table Open Discussions- virtual and F2F; Global Computer Based Training on The Code of Ethics produced in ICL; Distribution of the New Code of Ethics Booklet; Compliance digital Quiz contests.
Read More
