In the ever-changing business environment, faced with complex decisions, enterprises must constantly make the right choices based on the highest ethical standards. This is to fulfill corporate responsibilities to employees, investors, and society, while complying with legal regulations and establishing a trustworthy image. In light of this, EGAT refers to relevant domestic laws and international standards to formulate regulations such as the “Ethical Corporate Management Best Practice Principles”, “Procedures for Ethical Management and Guidelines for Conduct”, “Code of Ethical Conduct”, and “Supplier Code of Conduct”. These guidelines serve as reference points for all employees of the Company in conducting business operations and also guide interactions with distributors/agents, suppliers, and other business partners based on the “Supplier Code of Conduct”. This collective effort aims to construct a fair and transparent industry environment.

BUSINESS INTEGRITY AND ETHICAL CODE OF CONDUCT

ENFORCEMENT OF BUSINESS INTEGRITY

To implement ethical operations effectively, the Human Resources Division is responsible for formulating and supervising the implementation of integrity management policies and prevention plans, reporting to the Board of Directors at least annually. The “Ethical Corporate Management Best Practice Principles”, “Procedures for Ethical Management and Guidelines for Conduct”, and “Code of Ethical Conduct” are published on the employee portal for compliance, and heads of departments disseminate these principles and viewpoints through regular or ad-hoc meetings or emails to their subordinates ensuring that EGAT personnel’s behavior aligns with ethical standards and integrity regulations.

Starting from September 2023, regulations related to ethical behavior and integrity management have been included in the pre-employment orientation training program for new employees, and E-learning training courses have been provided for existing employees. The themes include the “Ethical Corporate Management Best Practice Principles”, “Procedures for Ethical Management and Guidelines for Conduct”, “Code of Ethical Conduct”, and “Prevention of Insider Trading”. In 2024, a total of 3,175 individuals, including new and existing employees, have undergone training, accounting for approximately 100% of the total workforce.

EGAT also conducted corruption risk assessments across all departments, with the 2024 assessment covering all three operating sites, achieving a 100% coverage rate. The assessment results identified no material corruption risks. In 2024, EGAT identified no instances of dishonest or unfair competition practices.