Liberty Tire Recycling | 2023 Environmental, Social and Governance Report 53 OPERATING RESPONSIBLY Governance Highlights Business Ethics Recycling of tires is a highly regulated industry, and we take those commitments very seriously. Liberty Tire Recycling works with numerous regulatory authorities across the U.S. and Canada to ensure our business practices meet applicable local, state, provincial, and federal regulations. In addition, suppliers are expected to adhere to Liberty’s Supplier Code of Conduct, which is distributed annually. To uphold our core values and conduct business with integrity, Liberty Tire Recycling follows a comprehensive company-wide Code of Conduct. This essential document communicates our philosophy and commitment to employees, customers, stakeholders, and communities. As part of our commitment to ethical practices, applicable employees and Board members are required to undergo Code of Conduct, antitrust, and other appropriate legal training annually, reinforcing the importance of conducting business under all ethical and legal guidelines. This training focuses on: ` Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships ` Full, fair, accurate, timely, and understandable disclosures to regulatory agencies and in our other public communications ` Compliance with applicable laws, rules, and regulations ` The prompt internal reporting of violations ` Accountability for adherence In case of any violations of ethical standards, including conflicts of interest, Liberty Tire Recycling provides multiple avenues for its employees, vendors, and customers to report concerns. This includes a Compliance Hotline or the option to speak directly to a supervisor or business point of contact. We are dedicated to fostering an environment where employees feel safe and encouraged to report any issues without fear of retaliation for raising legitimate concerns. Liberty maintains an Employee Handbook to reinforce the Code of Conduct and further explain internal policies. The Employee Handbook provides general information and guidelines on protocols including: ` Equal Opportunity Employer Policy ` Employment Practices and Procedures ` Employee Conduct ` Use of Facilities ` Leave Policy ` Benefits ` Pay Practices ` Safety and Security ` Termination of Employment ` Conflicts of Interest These guidelines above are in addition to rules and procedures negotiated through collective bargaining agreements with our unionized employees. In 2023, we proactively updated our Employee Handbook to ensure compliance as we expand operations into new localities and states. The revised handbook, set for release in early 2024, now consolidates several previously separate policies for easier employee access. These include our Code of Conduct, DEI Policy, Drug & Alcohol Policy, IT User Acceptance, and Social Media Acknowledgement. Additionally, to further support our ESG program, we updated our Environmental Management Policy in 2023. At Liberty Tire Recycling, environmental compliance and responsible operations are vital to the success and sustainability of each facility and the company as a whole. We are committed to environmental stewardship, minimizing waste, conserving resources, and reducing our carbon footprint.
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