Code of ethics

Introduction

NEWORT LTD is committed to managing its activities with honesty, a sense of responsibility, and respect for both current regulations and individual rights. This Code of Ethical Conduct is the foundation upon which a positive work environment and the trust of all our stakeholders are built.

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Commitment to Integrity and Legality

Regulatory Compliance: NEWORT fully complies with Italian and European legislative provisions, particularly those related to the petroleum products sector and environmental protection.

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Operational Transparency: We promote clarity in all our commercial decisions and operations.

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Protection and Valuation of Human Resources

Health and Safety in the Workplace: We guarantee a safe working environment, free from any form of discrimination and respectful of workers’ rights.

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Professional Growth: We support the development of skills and career advancement for our staff through constant training and merit-based evaluations.

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Social Role and Impact

Environmental Sustainability: Reducing the environmental impact of our operations, promoting sustainable practices in the storage and distribution of fuels.

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‍Community Support: Contributing to the well-being of local communities, supporting initiatives that promote social and economic development.

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Commercial Fairness

Equity in Relationships: We act with honesty and loyalty towards customers and suppliers, avoiding deceptive or unfair practices.

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Conflict Prevention: We scrupulously avoid situations involving conflicts of interest, always pursuing the superior interest of the company and its stakeholders.

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Data Security and Confidentiality

Information Protection: We safeguard the confidentiality and integrity of company data, including the personal information of employees, customers, and commercial partners.

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Privacy Compliance: We ensure that the use of personal data is carried out ethically and in strict conformity with privacy regulations.

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Dedication to the Agricultural Sector

Quality Offering: We provide our agricultural customers with certified products that meet high standards of quality and safety.

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Fight Against Money Laundering, Terrorism, and Corruption (AML/CFT)

Prevention of Financial Crimes: NEWORT adopts rigorous procedures to comply with regulations (Italian and European) against money laundering (AML) and terrorist financing (CFT). Every collaborator has a duty to promptly report suspicious operations, as per internal procedures.

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Absolute Prohibition of Corruption: Any form of corruption, whether direct or indirect, aimed at public or private entities, is prohibited.

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Policy on Gifts and Hospitality: Offering or receiving gifts, benefits, or hospitality that could, even potentially, influence the impartiality and independence of judgment in commercial relations is forbidden. Only gifts of symbolic value, in line with customs of courtesy, are permitted.

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Regulatory Adherence: NEWORT ensures compliance with Legislative Decree 231/2007 (Anti-Money Laundering), Legislative Decree 231/2001 (Administrative Liability of Entities), and relevant international conventions.

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Specific Training: All employees and collaborators receive periodic training on the risks of money laundering, terrorist financing, and corruption, as well as the related prevention and reporting procedures.

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NEWORT’s Guiding Principles (Corporate Values)

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1. Integrity

We always act with transparency and righteousness, ensuring impeccable consistency between our principles and our actions. Integrity is the foundation of every interaction, internal and external.

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2. Safety

The absolute priority is the protection of everyone: employees, customers, and the community. We apply strict operating protocols to prevent accidents and guarantee the daily safety of workers.

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3. Sustainability

We are committed to reducing the environmental impact of operations. We promote the responsible use of resources and adopt sustainable technologies and practices for environmental safeguarding.

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4. Quality

Our goal is to provide excellent products and services that exceed customer expectations. This focus is reflected in every phase of the process, from raw material selection to final delivery.

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5. Innovation

We encourage continuous innovation to optimize our processes and offerings. We stimulate staff creativity to find advanced and sustainable solutions.

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6. Respect

We treat every individual with dignity and consideration, regardless of role, position, or background. Respect is a central element of our corporate culture.

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7. Responsibility

We take full responsibility for our decisions and the consequences they may have on the environment and people.

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8. Collaboration

We recognize the value of cooperation. We work synergistically with colleagues, customers, and partners to achieve common goals, valuing diverse perspectives and expertise..

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NEWORT’s Corporate Sustainability Strategy

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1. Economic Sustainability

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Objectives:

• Solid Growth: Achieve stable and durable financial growth through service diversification and expansion into new markets..
• Operational Efficiency: Optimize workflows to reduce costs and increase effectiveness, utilizing advanced technologies and lean methodologies.
• Risk Management: Adopt risk management strategies to minimize financial exposure due to external variables (market, regulations).

Actions:

• Developing strategic collaborations to expand the distribution network and access fresh market segments.
• Investing in software solutions to improve logistics and decrease waste and inefficiencies.

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2. Social Sustainability

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Objectives:

• Community Engagement: Be a proactive player in the local context, supporting projects that contribute to social and economic development.
• Workplace Health and Safety: Ensure a healthy and safe work environment, going beyond legal requirements.
• Staff Development: Provide continuous professional growth and update opportunities for employees.

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Actions:

• Organizing initiatives and activities to support local projects benefiting education, the environment, and welfare.
• Conducting regular safety audits and implementing specific safety training programs for employees.

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3. Environmental Sustainability

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Objectives:

• Ecological Footprint Reduction: Decrease greenhouse gas emissions and optimize the energy efficiency of operations.
• Conscious Resource Use: Manage resources responsibly, encouraging recycling and waste reduction.
• Eco-friendly Products: Develop and promote products that meet high environmental standards.

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Actions:

• Investing in low-impact technologies to reduce emissions from vehicles and operational equipment.
• Implementing green purchasing policies, favoring suppliers who adopt sustainable practices.
• Adopting an environmental management system to monitor and control the ecological impact

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NEWORT’s Equality, Diversity, and Inclusion (EDI) Policy

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Purpose

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This policy is designed to promote a work environment where diversity is a recognized value, equal opportunities are guaranteed, and every employee feels respected and motivated to contribute to the company's success.

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Commitment

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NEWORT LTD is committed to:

• Valuing Diversity: Recognizing and appreciating different backgrounds, experiences, and viewpoints.
• Ensuring Equity: Guaranteeing all employees the same opportunities for growth and advancement, based solely on merit and skills.
• Promoting Inclusion: Creating an inclusive environment where everyone feels like an integral part of the team and can contribute openly.

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Core Principles

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• Non-Discrimination: No discrimination will be tolerated based on age, sex, gender identity, sexual orientation, ethnicity, color, origin, religious belief, disability, marital status, or any other characteristic protected by law.
• Meritocratic Opportunity: Hiring, promotions, and evaluations will be based solely on professional criteria and the ability to achieve corporate objectives.
• Training and Awareness: We will offer EDI training at every organizational level to raise awareness and encourage inclusive behaviours.
• Support for Variety: We will support employee resource groups and initiatives that value diversity and the integration of minorities.
• Mutual Respect: Cultivate a climate that encourages respect and condemns any form of harassment or prejudice.

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Roles and Responsibilities

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• Management: Is responsible for the clear communication, implementation, and verification of the EDI policy’s effectiveness.
• HR Managers: Are required to apply recruitment, training, and development practices aligned with EDI objectives.
• Employees: Every staff member must adhere to EDI principles and actively contribute to a collaborative and respectful work environment.

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Monitoring and Review

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• Periodic Assessments: The policy will be regularly reviewed to ensure its effectiveness and identify potential improvements.
• Employee Feedback: Surveys and meetings will be conducted to gather direct feedback from employees on the impact of EDI initiatives.

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Actions in Case of Non-Compliance

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Infractions of the equality, diversity, and inclusion policy will be treated with the utmost seriousness. NEWORT S.r.l. will adopt appropriate measures, including disciplinary actions up to possible termination, to address behaviours that violate this policy.

NEWORT S.r.l.'s commitment to equality, diversity, and inclusion is fundamental to building a strong and cohesive corporate culture that reflects the company's values and contributes to its continued success in the sector.