Ethical conduct: Our Employee Code of Conduct sets out specific guidance for SolarEdge employees to conduct business in accordance with the highest ethical standards and establishes an expectation that all employees will act in accordance with personal and professional integrity. The code has recently undergone an update, to include expanded guidance relating to whistleblowing practices, political and trade union involvement and human rights. The Employee Code of Conduct has been translated into the local languages commonly used in most of the regions where our employees reside. A copy of the Employee Code of Conduct is included in each new employee’s contract, appearing in a language the employee can understand (same as with our employment contracts). All new employees receive training regarding the code requirements and confirm in writing their intent to comply with these requirements and their willingness to report suspected violations.
The Company has also recently revised its Insider Trading Policy, among other things to prohibit all employees and non-employee directors from engaging in any speculative transactions, hedging and pledging transactions and trading on margin.
In 2022, we launched a new annual on-line employee code of conduct training program. In the cases of some production employees who do not have computer access, the training are conducted in on-site group sessions. The training includes emphasis on and realistic work-place scenarios regarding issues such as anti-harassment and discrimination, anti-corruption, conflict of interest, political involvement, and more. The training will also re-inform the employees regarding the different channels available for reporting code violations. The new code of conduct training is mandatory for all employees world-wide, including part-time employees, and including contractor employees who are working full-time with the Company as external consultants.
Over 4,600 employees, which comprise over 90% of the end-of-year workforce, have successfully completed the Employee Code of Conduct training in 2022.
30%
10%
60%
3
1
6
Business integrity
Environment, health and safety
Human resources, diversity and workplace respect
Proportion of total reports
Number of reports
Topic
As a result of our investigations, seven employees were subject to disciplinary action.
In 2021, eight reports were investigated (business integrity: 3 [37%]; human resources, diversity and workplace respect: 2 [25%]; misuse of company assets: 2 [25%]; EHS issues: 1 [13%]. Eight employees were dismissed, and one employee was subject to disciplinary action.
In 2020, five reports were investigated (business integrity: 4 [80%]; misuse of company assets: 1 [20%]. Two employees were dismissed as a result.
Whistleblowing: Employees are encouraged to report suspected violations of the Employee Code of Conduct through different means, including a confidential hotline. All reports are promptly investigated, and action is taken as required. In 2022, we investigated ten compliance related allegations as follows:
Compliance: Compliance is fundamental to our business as it protects us from risk, fosters trust with our stakeholders and provides a solid basis for sustainable growth and a positive contribution to society. We aim to conduct business in line with all applicable laws and regulations governing our operations in all countries. In 2022, SolarEdge was not subject to any fines for non-compliance with any of the laws and regulations that apply in all the regions where we operate. For more information, see our Approach to Compliance.
Sustainability Report 2022 /
Ethics
& Compliance
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Ethical conduct: Our Employee Code of Conduct sets out specific guidance for SolarEdge employees to conduct business in accordance with the highest ethical standards and establishes an expectation that all employees will act in accordance with personal and professional integrity. The code has recently undergone an update, to include expanded guidance relating to whistleblowing practices, political and trade union involvement and human rights. The Employee Code of Conduct has been translated into the local languages commonly used in most of the regions where our employees reside. A copy of the Employee Code of Conduct is included in each new employee’s contract, appearing in a language the employee can understand (same as with our employment contracts). All new employees receive training regarding the code requirements and confirm in writing their intent to comply with these requirements and their willingness to report suspected violations.
The Company has also recently revised its Insider Trading Policy, among other things to prohibit all employees and non-employee directors from engaging in any speculative transactions, hedging and pledging transactions and trading on margin.
In 2022, we launched a new annual on-line employee code of conduct training program. In the cases of some production employees who do not have computer access, the training are conducted in on-site group sessions. The training includes emphasis on and realistic work-place scenarios regarding issues such as anti-harassment and discrimination, anti-corruption, conflict of interest, political involvement, and more. The training will also re-inform the employees regarding the different channels available for reporting code violations. The new code of conduct training is mandatory for all employees world-wide, including part-time employees, and including contractor employees who are working full-time with the Company as external consultants.
Over 4,600 employees, which comprise over 90% of the end-of-year workforce, have successfully completed the Employee Code of Conduct training in 2022.
As a result of our investigations, seven employees were subject to disciplinary action.
In 2021, eight reports were investigated (business integrity: 3 [37%]; human resources, diversity and workplace respect: 2 [25%]; misuse of company assets: 2 [25%]; EHS issues: 1 [13%]. Eight employees were dismissed, and one employee was subject to disciplinary action.
In 2020, five reports were investigated (business integrity: 4 [80%]; misuse of company assets: 1 [20%]. Two employees were dismissed as a result.
Whistleblowing: Employees are encouraged to report suspected violations of the Employee Code of Conduct through different means, including a confidential hotline. All reports are promptly investigated, and action is taken as required. In 2022, we investigated ten compliance related allegations as follows:
Compliance: Compliance is fundamental to our business as it protects us from risk, fosters trust with our stakeholders and provides a solid basis for sustainable growth and a positive contribution to society. We aim to conduct business in line with all applicable laws and regulations governing our operations in all countries. In 2022, SolarEdge was not subject to any fines for non-compliance with any of the laws and regulations that apply in all the regions where we operate. For more information, see our Approach to Compliance.
Ethics
& Compliance
Sustainability Report 2022 /