In accordance with Karelia UAS Sustainable Development and Responsibility Programme, we aim for a balanced and stable economy, with special attention to economic risk management. Karelia’s administration is organized in line with governing legislation, and it adheres to principles of good administration.
We prevent corruption and malpractice through transparency: decisions made by the Board and office holders are open to all Karelia staff members, and Karelia Intranet serves as a system for internal communication, operations management, and quality control. We integrate internal control into all our activities and report on it annually to the Board.
We use public funds efficiently, our operations are resource-efficient, and we procure acquisitions in accordance with procurement legislation. In all procurement processes, one of the evaluation criteria is the responsibility of suppliers. Following Karelia’s investment guidelines, we consider the principles of sustainable and responsible investing when making investment decisions.