Anti-corruption

Uralchem does not tolerate fraud or bribery in any form and commits to comply with the requirements of anti-corruption legislation, and to identify, prevent and counter such offenses. Uralchem has developed and approved an Anti-Corruption Policy, which defines the key principles and requirements for preventing corruption and complying with applicable laws.

Our anti-corruption guidelines


Compliance with current legislation and generally accepted standards.
Compliance with legislation and generally accepted standards

Alignment of the Company’s anti-corruption measures with the Constitution of the Russian Federation, Russian legislation and other regulatory legal acts applicable to the Company.


Zero tolerance for corruption in any form or manifestation

A strict prohibition for Employees, members of governing bodies of the Company and other persons acting on behalf of or in the interests of the Company, whether directly or indirectly, personally or through any intermediary, to participate in corrupt activities.


Принцип ответственности и неотвратимости наказания
Accountability and inevitability of punishment

Inevitability of punishment for Employees regardless of position, length of service or other circumstances in the event of committing corrupt offences in connection with the performance of employment duties, as well as the personal accountability of the CEO for implementing the Company’s internal anti-corruption policy.


Segregation of incompatible duties

Segregation of incompatible duties prevents the same Employee from simultaneously being assigned both process execution and control/evaluation functions, thereby minimising corruption incidents.


Принцип личного примера руководства
Leadership by example

The key role of the Company’s management (senior executives of the Company) in fostering a culture of intolerance towards corruption and establishing an internal system for preventing and countering corruption. All senior management must publicly declare an uncompromising stance towards any form of corruption and demonstrate, observe and implement this principle in practice.


Принцип постоянного контроля и регулярного мониторинга
Continuous control and regular monitoring of corruption risk 

Regular monitoring of the effectiveness of implemented anti-corruption standards and procedures, as well as control over their compliance. Continuous scrutiny of the economic justification for all expenditures. Conducting corruption risk assessments.


Принцип соразмерности антикоррупционных процедур риску коррупции
Proportionality of anti-corruption procedures to corruption risk 

Development and implementation of measures to reduce the likelihood of the Company, the CEO and Employees becoming involved in corrupt activities, taking into account existing corruption risks in the Company’s operations. Striving to make procedures maximally transparent, clear, feasible and reasonably proportionate to the identified risk.


Centralised management

Ensuring centralised management of anti-corruption efforts, with clear allocation of responsibilities and authorities in the anti-corruption process.


Due diligence

Conducting due diligence on counterparties and job candidates prior to deciding to commence or continue business/employment relationships, with regard to their reliability, rejection of corruption and absence of conflicts of interest.


Prevention of conflicts of interest

Expectation that each Employee of the Company will prioritise the Company’s interests over personal interests when performing duties and will avoid situations that are or may be regarded as conflicts of interest.


Employee awareness and engagement

Ensuring Employees’ awareness of anti-corruption legislation and their active participation in developing and implementing anti-corruption standards and procedures.


Protection from retaliation

Protection from retaliation for an Employee or counterparty of the Company who refuses to give or receive a bribe, engage in commercial bribery or mediate in bribery and commercial bribery, or who voluntarily reports violations of this Policy.


Принцип открытости бизнеса
Business transparency

Informing counterparties, partners and the public about the anti-corruption business standards adopted within the Company.


Cooperation and coordination

Coordination of the Company’s subdivisions’ actions and relations with state and local authorities, and law enforcement agencies while preventing the Company’s involvement in corrupt activities.


Please see the Hotline section to learn more about Uralchem’s Anti-Corruption Hotline.