In order to achieve its goals, it is vital for TAP to maintain an undisputed reputation and to be considered a professional and reliable partner by the customers and other business partners. TAP ensures compliance with legal and regulatory requirements, develops efficient internal policies and directives, and upholds good market practices at all times.

Main ethical principles regulating our operations are summarized below. 

Antitrust
Competition can only develop freely when it is fair. TAP is committed to integrity and fairness when competing with others in the market. Conduct that undermines competition is not tolerated. TAP will compete in an ethically justifiable manner within the framework of the antitrust and competition rules in the market.

Trade Restrictions and Export Boycotts
TAP obeys foreign trade, export and customs laws and expects all Employees to comply with them.

Combating Corruption
TAP is against all forms of corruption, and it will make active efforts to ensure that corruption does not occur in any parts of the company’s business activities. TAP undertakes to comply with all anti-corruption legislation applicable to the company as well as to TAP shareholders.

Gifts and Invitations
TAP employees must not, directly or indirectly, accept or offer gifts except for promotional items of minimal value normally bearing a company logo.

Lobbying
It is only permitted to use a lobbyist if he/she fully discloses to the person or body TAP wishes to influence that they represent TAP.

TAP does not support individual political parties or individual politicians, commissions, candidates, or political officeholders.

Suppliers, Partners and Contractors
TAP will conduct its business in such a way that suppliers, partners and customers can have trust in the company. Suppliers, partners and contractors are expected to adhere to ethical standards which are consistent with TAP’s ethical requirements.

Mandatory Integrity Due Diligence
A business relationship with a potential counterparty shall only be established or amended if the resulting relationship satisfies TAP’s Integrity Due Diligence requirements.

Conflict of Interest
TAP Employees must behave impartially in all business dealings and is not allowed to provide other companies, organisations or individuals with improper advantages.

Diversity
TAP promotes equal opportunity and diversity. No TAP Employee or job applicant will be discriminated against on the basis of his or her gender, marital status, race, nationality, age, religion, or sexual orientation.

Money Laundering
TAP and its Employees are aware of the dangers of money laundering, and they comply with all valid standards, laws and associated reporting obligations and due diligence requirements. TAP also requires its contractors to comply with all applicable laws and regulations.

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Complete text describing Ethical Standards of TAP is avaialble for download:
 TAP AG Code of Conduct 99.36 Kb