ETHICAL AND ENVIRONMENTAL CODE OF CONDUCT FOR THIRD PARTIES AND EMPLOYEES
EValue Limited (“EValue”) is the UK's market leader in the provision of digital, personal finance advice products and services. These products combine expert actuarial knowledge, pioneering asset modelling and risk management. Primarily they are used in the UK by banks, product providers, advisers and employers (“Third Parties”) to enable them and their customers/employees to understand and make complex, individual, personal financial decisions.
EValue's software solutions cover all financial planning needs with versions for use by consumers and advisers. What's more, because all EValue's products are built on a single Planning & Advice Engine, all versions of our tools are entirely compatible, enabling both advisers and consumers to work together on financial plans.
2. Policy Statement
EValue is committed to ensuring a high standard of ethical and environmental trade practices. The ethical and environmental code of conduct (“Code”) outlines EValue's approach on conducting business honestly and with integrity.
The Code defines a minimum standard of requirement for all Third Parties and its employees to respect and adhere to when conducting business with EValue. The Code aids the continued implementation of EValue's commitment to its responsibility to disseminate, educate and exercise diligence in verifying compliance with its Third Parties and its employees. If the Third Parties do not comply with the Code, EValue will take necessary steps to review the contract which may lead to termination. The Code sets forth EValue's expectations of its Third Parties and employees which is divided into four essential areas of business.
4. Essential areas
Economic sustainability within EValue is used to define strategies that promote the allocation and utilization of resources in the most efficient, fair and responsible way providing long term benefits for the company. This area focuses on attaining economic benefit for employees, communities and investors therefore:
- Third Parties and employees must engage in ethical business conduct and fair dealing.
- Third Parties and employees must comply with national and international sanctions policy and legislation.
- Third Parties and employees must be aware and ensure that they have policies in place to stop money laundering, fraud, bribery and corruption.
- Third Parties and employees must ensure that they abide to the basic principles of the Code of Business Standards in adherence to UK laws and legislation.
- Third Parties and employees must abide by lawful payment policies to their own Third Parties and employees.
Social sustainability focuses on EValue having an obligation to act ethically and with sensitivity towards social, cultural, economic and environmental issues for the benefit of its company employees and Third Parties. EValue is committed to improving human rights hence:
- Third Parties and employees must comply with all relevant legislation in the communities that they operate in.
- Third Parties and employees must engage in due diligence procedures and provide to EValue their implemented due diligence procedures.
- Third Parties must provide a safe work environment where health and safety are adhered with and managed accordingly.
- Third Parties must ensure that there are no unauthorised deductions and wage levels are in accordance with the industry standards.
- Third Parties need to ensure that employees normal and overtime working hours are in accordance with industry standards.
- Third Parties and employees must ensure that they practice non-discrimination against any person on social, religious, disability, gender and ethnic grounds as well as any protected class ensuring equal opportunities.
- Third Parties and employees must abide by the international human rights law currently recognised as national law in the United Kingdom.
- Third Parties and employees must ensure that they abide by grievance and disciplinary procedures preventing any physical, mental or verbal abuse.
- Third Parties and employees must not engage in any type of forced and bonded labour and slavery.
- Third Parties and employees must not support any form of human trafficking.
- Third Parties and employees must ensure that local and migrant employees have the right to leave employment freely.
- Third Parties and employees must never engage in using child labour and adhere to policies that govern the limitation of work by young workers.
- Third Parties and employees must ensure that their business dealings are not based on personal interests and relationships.
Technological sustainability focuses on EValue implementing sustainability with reuse and recycling, energy efficiencies, reduction in pollution, minimizing long term impact on the environment and providing adequate security levels against data loss hence:
- Third Parties and employees must ensure that that they can make use of reliable technical systems that are efficient, renewable and reusable.
- Third Parties and employees must ensure that they engage in recycling too minimise waste and create efficient use of resources.
- Third Parties and employees must ensure that they have stringent policies and procedures to ensure safety against security risks such as cyber intrusion, loss of privacy and open source software in adherence to their IT policy.
- Third Parties and employees must ensure that they develop safe digital technology which do not harm humans.
- Third Parties and employees must ensure that all employees are adequately trained to build long term viability considerations.
Environmental sustainability focuses on EValue making responsible decisions that will reduce or eradicate the negative impact on the environment in which they operate hence:
- Third Parties and employees must have a written and sustainable environmental policy which addresses the prevention and/or mitigation of serious environmental harm and reduction in wastage of resources.
- Third Parties and employees must ensure that they abide by all environmental regulation and legislation in protecting the environment.
- Third Parties and employees must ensure that all employees are adequately trained and are aware of the environmental impacts of their work and activities and implement a meaningful environmental action plan to measure this progress.