Ignitis Group became the first holding company in Lithuania that received an international certificate for anti-corruption management system

• Ignitis Group was awarded an international certificate for anti-corruption management system, which certifies the system compliance with the standard across all companies of the Group.
• The company’s compliance with the requirements of the certificate will be evaluated every year.
• The certificate awarded for the first time to a Lithuania-based holding company does not only reduce the corruption risk in the company and the Group, but also facilitates the implementation of various anti-corruption measures, detection of possible manifestation of corruption.

An international certificate for anti-corruption management system was awarded to Ignitis Group. The certificate does not only reduce the corruption risk in the company, but also facilitates the implementation of various anti-corruption measures and detection of possible manifestation of corruption. Ignitis Group became the first holding company in Lithuania that received this certificate.

Transparency and prevention of illegal activities are one of the four pillars of the successful business of Ignitis Group and the international certificate for anti-corruption management system certifies the compliance with the standard across all companies of the Group.

“Ignitis Group has been awarded an international certificate for anti-corruption management system, which is the evaluation of the results of consistent work while implementing the highest transparency standards in the company. The Group governance has been recognised as the best across the state-owned enterprises in 2019 already, and last year the Anti-corruption Policy of Ignitis Group was evaluated by SIS as one of the exemplary measures when creating the anti-corruption environment, which contributes to the creation of the standard of responsible business”, said Ignitis Group CEO and Chair of the Management Board Darius Maikštėnas.

In order to receive the certificate, the entirety of corruption risk assessment and management measures were implemented in Ignitis Group, also the compliance with the international standard was constantly monitored and controlled, the employees were educated to understand the corruption, courses were created and the Group’s Code of Ethics was established.

The company’s compliance with the requirements of the international anti-corruption management system will be evaluated every year.

The representatives of Ignitis Group are sharing their experience generated in corruption prevention for already quite some time with other companies, for example, when participating in the SIS initiative ‘Transparency academy’. Furthermore, several cooperation agreements have been recently signed with the law enforcement authorities that ensure the prevention of corruption crimes.

In October 2020 Ignitis Group signed an updated cooperation agreement with SIS, with which it committed to cooperate in the areas of prevention, disclosure and investigation of corruption and other related criminal activities. The cooperation agreement in the areas of prevention of criminal activities and cybersecurity concluded with the Police Department was renewed last November.

The cooperation agreement was also concluded this January with the Financial Crime Investigation Service. Its aim is to coordinate bilateral activities of the parties in order to protect the financial system of Lithuania from criminal activities and prevent crimes and other legal violations of the