ISEG CODE OF ETHICS

ABOUT THE CODE OF ETHICS

The employees and executives of UAB “Isegas” (hereinafter – ISEG) are guided in their activities by the highest standards of professionalism, transparency, and responsibility.

ISEG’s activities are based on five core values: integrity, professionalism, interaction and partnership, responsibility, and balance of interests.

This Code of Ethics sets out the basic principles of conduct that guide us in developing investment and public-private partnership (PPP) projects, managing the project lifecycle, and collaborating with investors, the public sector, business partners, employees, communities, and other stakeholders.

The Code applies to all ISEG employees and executives. We expect the same principles of responsible, transparent, and ethical behavior from our business partners and service providers.

 

INTEGRITY AND TRANSPARENCY

Integrity is the foundation of ISEG’s operations. We make decisions ethically, transparently, and responsibly.

  • We comply with applicable legal acts, contracts, and assumed obligations.

  • We do not tolerate bribery, corruption, unfair influence, or other unlawful actions.

  • We make decisions based on objective criteria, competence, and reliable information.

  • We avoid situations where personal interests could influence professional decisions.

  • We protect confidential information belonging to clients, partners, employees, and projects.

  • We process personal data responsibly and lawfully.

  • We communicate openly and honestly with clients, partners, institutions, and other stakeholders.

 

PROFESSIONALISM

ISEG strives for the highest professional competence and quality of service.

  • We base our decisions on experience, competence, data, and objective analysis.

  • We aim for high quality in projects and provided services.

  • We adhere to professional standards and assumed obligations.

  • We take responsibility for our decisions and their outcomes.

  • We promote employee professional growth, knowledge sharing, and continuous improvement.

  • We openly acknowledge errors, strive to correct them, and learn from them.

 

EMPLOYEES, RESPECT, AND EQUALITY

ISEG strives to create a professional, respectful, and safe working environment.

  • We respect human dignity, rights, and privacy.

  • We do not tolerate discrimination, harassment, violence, or any other disrespectful behavior.

  • We ensure equal opportunities and evaluate employees based on their competence, effort, and performance.

  • We encourage open communication, collaboration, and constructive feedback.

  • We strive for a safe and healthy working environment.

  • We create conditions for employees to grow professionally and take responsibility for the results of their work.

 

INTERACTION AND PARTNERSHIP

ISEG’s activities are built on trust and constructive cooperation with investors, municipalities, business partners, communities, and other stakeholders.

  • We seek long-term relationships based on mutual benefit.

  • We respect different viewpoints, interests, and competencies.

  • We cooperate transparently and professionally with representatives of the public and private sectors.

  • We aim to consider the needs and expectations of key stakeholders in project decisions.

  • We expect responsible, transparent, and ethical behavior from our partners.

 

CONFLICTS OF INTEREST, GIFTS, AND CORRUPTION PREVENTION

ISEG decisions must be independent, objective, and made in pursuit of the organization’s and projects’ legitimate goals.

  • Employees must avoid situations where personal interests may conflict with ISEG’s interests.

  • Potential conflicts of interest must be reported to a direct manager.

  • We do not tolerate bribes, illegal payments, or any other improper influence.

  • Gifts and hospitality must not influence the objectivity of decisions or be used to obtain illegal benefits.

  • The selection of business partners and decisions are based on transparent, objective, and professional criteria.

 

CONFIDENTIALITY AND INFORMATION PROTECTION

ISEG protects information received in the course of its activities.

  • We use confidential information only for lawful professional purposes.

  • We do not use or disclose non-public information to third parties, except as provided by law or contractual obligations.

  • We safeguard information entrusted to us by clients, partners, employees, and other parties.

  • We collect, use, and store personal data in compliance with applicable law.

 

RESPONSIBILITY AND BALANCE OF INTERESTS

ISEG projects can have a long-term impact on cities, regions, communities, and the economy. Therefore, we make decisions by assessing their broader impact.

  • We responsibly assess the long-term consequences of our decisions.

  • We strive to balance the interests of investors, the public sector, communities, and society.

  • We evaluate not only the financial benefit of a project, but also social, economic, and environmental aspects.

  • We respect community interests and encourage constructive dialogue.

  • We aim for our developed projects to create long-term and sustainable value.

 

RELATIONS WITH THE PUBLIC SECTOR AND INSTITUTIONS

In collaborating with municipalities, state institutions, and other public sector entities, we strive for transparent, professional, and responsible cooperation.

  • We provide accurate, truthful information as required by law.

  • We respect public sector decision-making processes.

  • We do not seek to unlawfully influence decisions or procedures.

  • We adhere to the principles of transparency and fair competition.

 

FINAL PROVISIONS

The ISEG Code of Ethics is our shared standard of conduct and operation.

Every ISEG employee and executive is responsible for complying with these principles and applying them in daily activities.

The Code is periodically reviewed and updated as necessary to reflect changes in ISEG’s operations, legal acts, and best practices.

 

Director of UAB “Isegas” Vitalijus Vasiliauskas

Approved: 2026-09-01