Corporate Governance and Business Ethics

ESTA Holding is committed to meeting the highest standards in all of its business areas. The Company makes the utmost efforts to retain the leading positions in the Ukrainian business and be a respected member of the international business community. The key condition for achieving this goal is to ensure an effective system of corporate governance within ESTA Group, as well as to develop a system of values underlying the Group’s business behaviour and commercial activity.

Vision

For us, being a responsible corporate citizen means for:
  • to fully observe of all legal obligations to the government; pay taxes in a timely and transparent manner; and make contribution to the Ukrainian budget;
  • to maintain honest and transparent cooperation with all stakeholders: customers, business partners, shareholders, investors, suppliers and the government;
  • to apply the up-to-date standards of corporate governance, openness and transparency. SCM adopts the best practices of corporate behaviour and applies them to develop a state-of-the art approach to corporate governance.

Policy

ESTA Holding conducts its business honestly and responsibly with adherence to the Group’s set of core values.
ESTA Holding's Business Values:
  • compliance with legal and regulatory standards as a minimum requirement;

  • responsibility to our employees, business partners, investors and to the broader society and communities. We hold ourselves responsible and accountable to stakeholders for the Group's business actions;

  • professionalism in our conduct of business including investing in people, encouraging innovation and committed approach to work;

  • excellence in the standards we set, striving to meet the world's standards of performance in each area of our business;

  • honesty and thoroughness in all of our business and management activities;

  • respect for the rights and opinions of all stakeholders, treating our partners the way we’d like to be treated.

Guided by these values, ESTA Group is committed to meeting the highest international standards of corporate governance and ethical behaviour. Being a responsible corporate citizen, ESTA Holding contributes to Ukraine’s economic and social development.

Responsibility and Reporting to Stakeholders

The Company has an intention to conduct business in the open and transparent manner for all stakeholders. This openness and transparency means providing information on our business activities and plans to stakeholder groups including employees, investors, authorities and communities through all available means.

Activity

Publishing ESTA Group's Consolidated Financials
ESTA Group’s development strategy is based on doing business in an open and transparent manner. Following this strategy, ESTA Group on a regular basis discloses its key performance figures for all stakeholder groups. By doing so, it introduces the best international business standards  to Ukraine and sets benchmarks for other Ukrainian companies. ESTA’s consolidated statements are prepared in conformity with the International Financial Reporting Standards (IFRS) and contain data on the financial performance of all ESTA Group companies. In particular, the statements cover the information on the consolidated value of the Group's assets, consolidated gross revenue, consolidated net profit and expenses of the Group’s companies.
ESTA Group’s consolidated financial statements are audited by professionals of the major international auditing companies.