Lortek Compliance

Lortek’s "Compliance" policy, S.Coop. LORTEK is a private Technological Center that generates excellent knowledge in manufacturing processes and their digitalization, to transfer it to the industrial fabric and improve its competitiveness, environmental impact and sustainability. Under the legal form of Cooperative Society, LORTEK has a way of working grounded in a culture of ethical behavior and based on values that actively prevent and avoid any inappropriate behavior. Our "Crime Prevention System" or "Criminal Compliance System" (hereinafter "Compliance System") includes as an essential concept that all people who form LORTEK carry out our activities with the commitment to comply with the current legislation, with special reference to criminal law, as well as the values and ethical principles set out in our internal regulations, consistent with our culture of innovation, social commitment, gender equality and transparency. This "Criminal Compliance Policy" (hereinafter the "Policy") establishes and communicates the objectives and general principles of action of the Compliance System. 1. Objectives: The main objectives of LORTEK’s Compliance System are: a. Promote a positive and constructive culture of business ethics in LORTEK, involving all the people who form the company, based on the principle of "zero tolerance" towards the commission of illegal acts or regulatory violations. b. Comply with the various legal obligations and business due diligence guidelines in this matter, with special reference to the regulations of the European Union and the legislation on Cooperatives of Euskadi. c. Prevent the commission of crimes and regulatory violations in the company, avoiding legal responsibilities (criminal, civil, etc.), the imposition of sanctions and fines and third party claims. d. Increase LORTEK’s reputational capital , avoiding risks and guaranteeing its value.