Liviko is a company engaged in the production, import and wholesale distribution of a wide range of quality beverages, with its home market being the Baltic States and the priority development trend being the export of its own brands.

The mission of Liviko mission is to promote a cultured, responsible and quality-valuing way of thinking among target consumers and distributors.

AS Liviko belongs to NG Investeeringud group.

Liviko places great importance on the daily adherence to its core values and principles of exemplary business conduct.

Liviko’s core values ​​are honesty – we are open and sincere and do not distort the truth; caring – we are friendly and helpful and open to cooperation; reliability – we adhere to our commitments and applicable rules; innovativeness – we are open to innovative and modern ideas; and environmental awareness – we care about the environment around us and use resources as sparingly as possible.

The purpose of good business practice is to consolidate and describe the key principles that Liviko employees and partners are required to follow in their activities. Good business practice is part of Liviko’s long-term business strategy. Liviko expects its employees and partners to act with honesty, ethics and compliance with the law in every situation.

Liviko is guided in its activities by national and international laws, guidelines and principles, including regulations related to labour, food safety, occupational health, safety and sustainability, including the Good Corporate Governance Code of the Financial Supervisory Authority and OECD Guidelines for Multinational Enterprises as well as the UN Guiding Principles on Business and Human Rights.

LIVIKO’S EXEMPLARY BUSINESS PRINCIPLES

Liviko is guided in its activities by the following principles, which apply to Liviko itself, its employees, and members of the management board. Adherence to these principles is mandatory for all business partners and their employees and is a prerequisite for cooperation with Liviko. The violation of these principles may serve as a basis for terminating cooperation with partners.

Ethics and compliance

• All our activities are based on laws, other valid legislation, standards and the customs and practices applicable in the respective field of activity.
• In case these principles or other mutual agreements include differences with other applicable legislation, the stricter requirements will guide our activities.
• Liviko, employees and partners behave ethically, fairly and professionally in their activities.
• The partner also applies these principles in all its business relationships and does everything reasonably possible to ensure that its cooperation partners also follow the same principles.

Conflict of interest

• Employees and partners behave reliably and avoid situations where their personal interests or those of their close ones would conflict with Liviko’s interests or where they cannot act considering Liviko’s interests.
• The partner and employees immediately inform Liviko’s competent persons of the situations where the conflict of interest has arisen or there is a risk that it may arise.

Prohibition of corruption and prevention of money laundering

• Liviko, employees and partners apply zero tolerance to all forms of corruption, including bribery, fraud or any other prohibited business practices and adhere to it in all their activities. No position may be used in any activity to gain personal benefits or to offer unfair advantages to any third party, nor may any other services or favours be rendered.
• In mutual relationships, the purpose of giving and receiving gifts and hosting is to promote goodwill and foster friendly working relationships, not to influence someone into preferential behaviour or actions. When giving or receiving gifts and hosting, the applicable legislation should be followed and any situation that could be interpreted as illegal or questionable should be avoided. In cases of doubt about the appropriateness of gifts or hosting, employees should always consult their direct supervisor and, if necessary, prefer not to give or accept gifts or hosting.
• Liviko, employees and partners are firmly against all forms of money laundering and apply all measures to prevent financial transactions from being used for money laundering.

Confidentiality and handling of inside Information

• The partner and employees are obliged to protect and transmit confidential information securely and to keep it confidential and they should not misuse any inside information they become aware of. Inside information refers to non-public, specific information that directly or indirectly pertains to Liviko. Confidential information includes Liviko’s trade secrets and other protected information related to the company’s operations, technology, resources, financial status, contracts, suppliers, partners or pricing policies.

The partner ensures that in all of their contractual relationships, the confidentiality of Liviko’s secret information is covered by a confidentiality obligation and this obligation also applies to all of their employees and business partners.

Supporting free competition

• Liviko, employees and partners support free and fair competition in their activities, excluding the obstruction, limitation and damage of free competition in business activities.
• The partner and employees behave in accordance with the competition rules and do not enter into illegal agreements or act in concert with anyone in a way that harms fair competition.

Social responsibility

• Our practices ensure the equal treatment of all individuals in line with internationally recognized human rights. Discrimination of any group or person based on gender, age, race, sexual orientation, nationality, ethnicity, disability, political ideology, union affiliation or religious beliefs is not tolerated.
• Liviko and partners fully support the personal and professional development of employees, ensuring that working conditions comply with local legislation and providing them with safe and healthy working environment.
• Liviko and partners do not support the use of non-voluntary labour. Business relationships with any third party that uses forced labour or procurement from a subcontractor that uses any forced labour, including child labour, will be terminated.
• Liviko and partners comply with all applicable laws regarding working conditions, including employee safety and health, fire safety, risk protection, electrical, mechanical and construction safety.
• Third parties should ensure that any commercial information related to alcoholic beverages, including advertising of alcoholic drinks, complies with applicable laws.

Environmental awareness

• Liviko, employees and partner are environmentally sustainable in their activities and always try not to harm the environment.
• Liviko, employees and partners consider recycling, economical consumption habits, including saving electricity, water and heating to be important in their activities, and they also implement comprehensive preservation of the surrounding environment in their activities.

Food safety

• Liviko, employees and partners value and follow the basics of safe food production and keep themselves updated with the current relevant legislation.
• Liviko, employees and partners adhere to the food hygiene and cleanliness regulations established by the company while in the production facility.