PRAX is committed to creating a more sustainable world and a more diverse society and contributing to this through all of our operations. PRAX implements this commitment based upon these three fundamental axis:
1. The relationships and ecosystems we develop with our business partners
Throughout this value chain, from our suppliers to our customers and their end customers, PRAX is committed to respecting and adhering to the expectations of each enterprise in terms of sustainability, guaranteeing purchasing of sustainable supplies and materials, providing solutions that help our customers achieve their product sustainability goals and acting ethically in all facets of the value chain.
PRAX is committed to its people in each community where we operate with respect to human rights and in our quest for diversity, equal opportunities and well-being and to promote health and talent development.
PRAX is committed to minimizing the environmental impact for all of our operations and being a recognized key participant in our business sector that contributes to the reduction of carbon emissions. To help achieve this, our primary contributions will be to continue developing innovative solutions that assist our customers in developing products that will help electrify the world.
The ethical principles that guide this commitment are included in our Code of Ethics.
The aims of our Code of Ethics are:
- To reinforce the values that constitute the hallmarks of our company.
- To facilitate the fundamental principles of this code to guide the conduct of our professionals in the development of their activity.
- To guarantee the ethical and responsible behaviour of our professionals in the development of their functions and within our environment.
The Code of Ethics does not cover all possible cases and situations, but rather establishes the criteria to guide employees’ conduct in our company.
Commitment to employees, human rights and labor
To act with absolute respect for the labor laws in force in all Prax facilities regardless of their geographical location. Adherence and respect to the United Nations' global pact and the declarations of the international labor organization .
To guarantee legal hiring and working conditions (child avoidance, working hours, wages and benefits,...) in accordance with the established and current legislation in each country where our companies are established .
Health and safety at work
Protection of our employees’ integrity and health through an occupational health and safety policy, based on strict compliance with all regulations, training and the preventive management of occupational risks. Commitment to providing our employees with the necessary resources so they can carry out their duties safely and in a healthy environment.
Treatment of confidential information
We value and protect our confidential information and respect the confidential information of third parties.
Ethical supplier relations
our employees' relations with our suppliers will be guided exclusively by the criteria of objectivity, impartiality and equal opportunities, avoiding any favoritism or interference of conflicts of interest in their choosing.
Ethical commercial relations
We compete fairly and carry out our activities based solely on quality and competence, and complying with industry norms in competitive situations.
Conflicts of interest, business opportunities and other activities
Prax's employees will be responsible for communicating the existence of possible conflicts of interest that may exist between themselves —or persons related to them— to their respective superiors and the company.
Guaranteeing quality in management
to apply the processes defined by the company to reach goals in carrying out our activities.
To develop teams and talent to create and maintain a working environment in which people feel a professional and personal commitment to working and giving their best. It will additionally be an objective, to create future leaders and managers and the commitment to train them in all areas that will allow them to advance in their post and expand their abilities.
To encourage a positive and collaborative working environment that facilitates a transparent exchange of ideas, mutual support, and information shared in an open, reciprocal manner with sufficient rigor allowing us to act and decide.
To carry out a constructive and non-penalizing treatment of “error”. Given the existence of errors, an approach is implemented that leads to eliminating the causes and avoiding their repetition.
Non-discrimination and equal opportunities
We encourage diversity and respect for our employees’ personal dignity:
the management of our employees and the relationship between them must always stem from respect for people’s dignity and rights.
All our company’s employees must be treated with respect, ensuring that the working environment is positive, that a work-life balance is an option, and that professional development is one of our pillars.
Our company respects the dignity, privacy, and personal rights of every employee and is committed to maintaining a workplace free of discrimination or harassment. As such, employees must not discriminate with respect to origin, nationality, religion, race, gender, age or sexual orientation, nor must they engage in any type of verbal or physical harassment based on the aforementioned or for any other reason.
We carry out our activities with respect for the environment, complying with established standards and regulation. Commitment to sustainable development, which is based on the implementation of policies that allow us to identify the environmental effects generated by each of our activities with the aim of minimizing their impact on the environment.