GOVERNANCE AND SUSTAINABLE MANAGEMENT EXPLANATION OF THE IMPACT Our entire business and all the activities we carry out within PENNY Romania are based on the governance and management we have designed. Thus, for our business to be sustainable, sustainability needs to be included not only in the operations carried out but also at the highest level of business, in the governance structure and in the management of the company itself. The way in which the company's governance and management are designed and implemented dictates not only the economic performance and development of the business, but also the impact that our company has on the social and environmental factors that surround us. HOW WE CONTROL THE IMPACT We have a sustainability strategy and a Sustainability Committee that oversees the potential social and environmental impact due to our activities. To be able to manage the impact that our company's governance and management have on economic, social, and environmental factors, we have included sustainability in our management systems and have implemented a series of values and principles by which we guide our activity: z Ethics and Integrity – we implement in our activity both the concern for legal compliance and the managerial responsibility for ethical behavior and integrity in all actions carried out. z Fairness – we are fair in business activities and in interacting with others, we take responsibility for the actions we take, and we respect those around us. z Anti-competitive policy – we uphold and implement the principles of fair competition; we prohibit in our activities and in our relationship with our business partners any form of agreement or exchange of information to or between competitors regarding prices, terms and conditions of suppliers. z Anti-corruption policy – within our company and in relation to our business partners we prohibit and condemn any form of corruption, bribery or blackmail and remove any personal interest or conflict of interest from business operations. OUR IMPACT AND PERFORMANCE IN FIGURES Sustainability is integrated from the highest level of management, and this top-down approach allows us to structure our corporate governance to include elements of environmental protection, energy efficiency in operations, ensuring social standards in the supply chain and corporate responsibility for our people, but also for the communities in which we operate. In approaching the top-down business strategy, we initially try to identify the divisions with the greatest potential for sustainable development, and we will act within each operational business division that could bring a superior performance in the development of our business model into a sustainable one. This approach allows the implementation of the company's vision and ensures the interest of shareholders, colleagues, customers and stakeholders, and the fulfillment of the assumed business promises. SUSTAINABILITY REPORT PENNY ROMANIA 2023 56/256 MESSAGE FROM THE GENERAL DIRECTORS SUSTAINABILITY STRATEGY AND GOVERNANCE ABOUT US AND OUR VALUE CHAIN ABOUT THE REPORT THE FUTURE IS MADE TODAY SUSTAINABILITY MILESTONES CONTENTS
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