Syntech's mission is to improve the quality of people's lives through the timely introduction of meaningful technological innovations. In a world where technology increasingly touches every aspect of our daily lives, Syntech aspires to be a leading solutions provider in the areas of “currency” and “intelligent/security” technologies delighting its customers with products and services that meet and even exceed their expectations.
Syntech wishes to be a responsible partner in society, acting with integrity towards its shareholders, customers, employees, suppliers and business partners, competitors, governments and their agencies and others who can be affected by its activities. Syntech duly observes the applicable rules of the law of the countries in which it operates and regularly reviews its interests and those of affected persons or entities in order to ensure a healthy, long-term relationship with them.
Syntech endeavours to adapt to local situations in order to take the most appropriate approach to possible problems within the bounds of applicable law and responsible conduct. In this respect Syntech supports the principle of dialogue and cooperation with all parties involved.
1.1 Human rights
With due regard to the Universal Declaration of Human Rights, which states that all parties in society, including corporate persons, have a duty to respect and safeguard human rights, and within the framework of the legitimate role of businesses, Syntech supports and respects human rights and strives to ensure that its activities do not make it an accessory to infringements of human rights.
1.2 Child, bonded and forced labour
Under no circumstances will Syntech make use of forced or bonded labour, nor will it employ children in violation of Conventions no. 138 and no.182 of the International Labour Organization.
1.3 Free market competition
Syntech supports the principle of free market competition as a basis for conducting its business and observes applicable competition laws and regulations.
1.4 Product safety
Syntech aims, at all times, to supply safe products and services.
1.5 Privacy
The privacy of personally identifiable information about customers, employees, business partners and other individuals will be protected.
1.6 Environmental protection
Consistent with Syntech’s commitment to sustainable development, it will do all that is reasonable and practicable to minimize any adverse effects of its activities on the environment.
Syntech is driven to improve people’s lives. Its goal is to constantly delight each customer with breakthroughs both large and small. To this end, the company seeks to maintain an ongoing dialogue with its customers. Syntech is committed to listen to and learn from them, so that it is able to design and deliver the solutions they really want and need. Syntech will always deal with its customers in a fair and forthright manner, maintaining the highest levels of integrity.
It is of central importance to Syntech to conduct its operations in accordance with the highest standards of internationally accepted principles of good corporate governance. Syntech aims to achieve a satisfactory return on equity, with the intention of maintaining a sustainable dividend payment to shareholders, while at the same time retaining sufficient funds in the company to generate profitable growth. Syntech attaches great value to its relations with its shareholders and the financial markets and provides timely, regular and reliable information on its activities, structure, financial position and performance.
Syntech values its employees as a key resource. An atmosphere of good employee communication, involvement and responsibility is of central importance, and an employee’s personal development and optimum use of talents is encouraged.
4.1 Right to organize
Syntech recognizes and respects the freedom of employees to choose whether or not to establish, or to associate with, any organization. Syntech respects - within the framework of (local) law, regulations and prevailing labour relations and employment practices - the right of its employees to be represented by labour unions and other employee organizations, and Syntech will engage in negotiations, either on its own behalf or through employers’ associations, with a view to reaching agreement on employment conditions.
4.2 Health and safety
Syntech will do all that is reasonable and practicable to protect the health and safety of its employees.
4.3 Equal and fair treatment
Every employee has equal opportunities and will be treated equally in employment and occupation regardless of personal background, race, gender, nationality, age, sexual preference or religious belief. The same applies to the recruitment of employees. Syntech strives to offer equal pay for equal work performed at equal levels at similar locations. No form of harassment or discrimination will be tolerated.
4.4 Wages and payment
Remuneration and working hours shall comply with local labour laws and shall at least be in line with prevailing industry norms.
Syntech pursues mutually beneficial relationships with its suppliers and business partners. It seeks to awards business to suppliers and business partners who are committed to act fairly and with integrity towards their stakeholders and who observe the applicable laws of the countries in which they operate.
6.1 Use and protection of assets
Each employee is responsible for the proper use, protection and conservation of Syntech´s assets and resources as well as confidential information disclosed to Syntech by its business partners. Syntech’s assets and resources as well as any opportunities arising by virtue of one’s position, are to be used solely to pursue and achieve Syntech´s goals and not for personal benefit.
6.2 Improper disclosure
Syntech regards information for the purpose of its business as a corporate asset that must be protected against loss, infringement and improper use and disclosure.
Syntech is committed not to make use of information disclosed to it by a third party if it is suspected that the discloser thereby violates an obligation of confidentiality, unless the information:
a) is generally available to the public other than as a result of disclosure by Syntech;
b) has been independently developed by Syntech; or
c) becomes available to Syntech either on a non-confidential basis from a third party who is not bound by any confidentiality obligations or by operation of law.
7.1 Bribery; records of transactions
Syntech insists on honesty, integrity and fairness in all aspects of its business. Bribes in any form are unacceptable; commission payments and personal gifts or favours may only be made or accepted in strict accordance with the GBP Directives. Syntech strives to comply with the highest levels of transparency and accountability throughout the company. Records of transactions should be maintained in an accurate, complete and timely manner in accordance with Syntech accounting principles. No unrecorded funds or assets should be established or maintained.
7.2 Third-party interests
Employees are not allowed to have any direct or indirect financial interest in a supplier or competing company with the exception of a financial interest in a publicly traded company.
7.3 Political payments
Syntech companies shall not make payments or donations, in money or in kind, to political parties, political organizations or individual politicians, unless such payments are made in strict accordance with the GBP Directives.
7.4 Political Statement
Syntech companies shall refrain from any political and/or religious intervention and shall respect the national principles.
8.1 Sanctions
All Syntech employees must comply with the General Business Principles. Violation may lead to disciplinary action, including dismissal, notwithstanding any further civil or criminal action that may be taken.
8.2 Whistleblower policy
In order to promote the reporting of violations of the General Business Principles, a whistleblower policy is in place, enabling employees to submit complaints on an anonymous basis without fear of the complaints leading to disciplinary action.
8.3 Compliance
Compliance is embedded in Syntech processes and procedures.
