Code of conduct for suppliers of Arcos Hydraulik

Introduction

The present code of conduct summarises the common rules and values that all suppliers of Arcos Hydraulik shall work towards in order to create confidence and good relations with colleagues, customers, business partners and the world around us. Arcos Hydraulik strives for the highest level of ethical conduct, and these rules shall serve as guidelines in all situations involving our collaboration. We expect suppliers to conduct themselves and represent their company in the best possible way in terms of professionalism, a businesslike manner and confidentiality in relation to those around them, and to adhere to the highest ethical standards in their occupation.

It is also important that our suppliers’ employees thrive, and have a good work climate. All interaction between employees shall be conducted with respect, responsibility and consideration towards one another.

This document shall be read and all key suppliers shall ensure that they comply with it. The document shall be signed by the CEO or another person in a position of responsibility within the company. A new review and signing shall be completed every five years.

Our fundamental values

Responsibility

For suppliers, responsibility means that together, we always conduct ourselves in a respectful, reassuring and safe way towards one another. Suppliers never compromise on quality, take responsibility for security of supply, and our joint decisions are sustainable in the long term.

Clarity

By means of an open and sincere dialogue, we build confidence and reduce uncertainty.

Collaboration

We support and help one another, with a curious and exploratory attitude. Everyone’s involvement and participation contributes to a collaboration that inspires success.

Trust

With our down-to-earth and honest manner, we work in close liaison, developing customised and cost-efficient solutions together. We strive to exceed expectations, by pro-actively developing ourselves and our products.

Laws, regulations and rules

All suppliers and their employees shall follow the applicable laws, standards and regulations in the sectors and countries in which they operate. This applies both to their own production, how they treat their employees, as well as to how they do their bookkeeping, accounting and tax returns.

Human rights

Suppliers shall support and respect the United Nations Universal Declaration of Human Rights, and accept their responsibility to uphold workers’ and social rights in their business.

Suppliers are not expected to have any dealings with any country, company or individual whom the United Nations or the EU has issued sanctions against, as well as to monitor all published information from these sources on a regular basis, in order to ensure that they act in accordance with it.

Child labour

Suppliers shall not accept either forced or child labour, and shall support the United Nations Convention on the Rights of the Child. Suppliers shall ensure that any products that they sell are not supplied by companies that use child labour.

Trade Unions

Suppliers shall respect workers’ rights to contribute and join any trade union they wish to for the purpose of collective bargaining.

Ethics and morals

Suppliers shall act with the highest integrity and ethics in all of our business relations. All of their activities shall be characterised by a sound business culture and fair competition.

Suppliers shall adhere to applicable anti-trust laws, which prevent them from entering into agreements and contracts that stifle competition.

Suppliers shall never associate themselves with corruption, extortion, embezzlement or bribery, and we do not tolerate unlawful or corrupt payments, directly or indirectly, to suppliers, customers, government officials or third parties.

Suppliers shall also respect confidentiality and ensure that no unauthorised persons or companies become aware of confidential information.

Suppliers shall conduct themselves in an ethically justifiable manner.

No employee shall offer or accept any presents or other advantages, nor encourage such, if this could have an influence, or could be construed as having an influence, on our objectivity in relation to business decisions.

Our employees may only offer or accept presents, meals etc., that are clearly accepted in accordance with applicable laws, rules and local business operations.

Work environment

Suppliers endeavour to create a supportive work environment in which responsibility, clarity, collaboration and trust are important core values.

Suppliers shall adhere to rules and laws relating to health and safety, and all employees are expected to take responsibility for ensuring that all workplaces are secure for both themselves and their colleagues.

Suppliers shall prevent and minimise accidents by having clear, structured and documented procedures for a safe work environment.

Suppliers shall follow up all near misses, incidents and accidents.

Suppliers shall respect the fact that all employees have a need for a sound balance between work and recreation.

Equality, diversity and discrimination

Suppliers shall value diversity and non-discrimination with regard to both their employees and their business partners. Suppliers shall not accept discrimination or harassment based on gender, transgender identity or expression, ethnic background, religion or creed, disability, sexual orientation or age. No one should be victimised on account of their political views either.

Salary and remuneration

Suppliers shall ensure that salary and benefits comply with at least the minimum statutory levels and/or the minimum industry standards in those countries where they operate.

Environmental impact

Suppliers shall provide open and factual information about their environmental work to their employees and other stakeholders. Suppliers shall work actively and consistently to reduce their company’s direct and indirect environmental impact.

Suppliers shall therefore be aware of and follow requirements set out in national legislation, regulations and industry standards. This includes having knowledge of and control over their environmental impact, as well as constantly working to improve environmental measures in their operations. Suppliers shall endeavour to always use leading environmental technology that is economically viable when investing.

Compliance

The present code of conduct applies to all suppliers of Arcos Hydraulik. Everyone is expected to have access to and act in accordance with the code. All suppliers also have an individual responsibility to read and follow the present code of conduct.

Report violations

Suppliers shall report any suspicion of a violation of the code of conduct or legislation.

We do not tolerate any form of retaliation on account of an employee or other visitor to a supplier’s facilities reporting a suspicion of, or actual dealings, which are contrary to the present code of conduct.

If a supplier does not conduct themselves in accordance with the code of conduct, this can result in corrective measures. If a business partner has repeatedly or seriously violated the code of conduct, the business relationship will be terminated.

Establishment and updating

The present code of conduct shall be set out annually by management in connection with a business plan meeting.