Stoeryd supplier – Code of Conduct

Suppliers to Stoeryd are expected to comply with the Company’s Code of Conduct. It is very important that our suppliers take part and adhere to this policy.

If there is anything in this policy that you oppose as a supplier, you are asked to immediately contact your business contact at Stoeryd. The policy is published in English only.

Introduction

In order to support the Stoeryd commitment to a sustainable development of our entire value chain, we ask our suppliers and other partners to agree with our Code of Conduct for suppliers.

The Code of Conduct for Suppliers represent the minimum standards expected of all suppliers to Stoeryd AB. Laws, rules and regulations of the countries where they conduct their activities are of course expected to be adhered to. These minimum standards and requirements are also expected to be applied to suppliers and sub-suppliers of our direct suppliers.

Requirements

A. Labour and Human rights

– As a supplier to STOERYD, you shall respect the personal dignity, privacy and rights of each individual.

– Refuse to make any person work against his or her will.

– Prohibit behaviour including gestures, language and physical contact, that is sexual, coercive, threatening, abusive or exploitative.

– Ensure fair labor conditions. In particular, you will

– Refrain from employment discrimination based on gender, age, ethnicity, nationality, religion, disability, union membership, political affiliation or sexual orientation.

– Respect the rights of employees to freely associate and bargain collectively.

– Not tolerate or use child labor in any stage of your activities other than in accordance with all applicable laws and regulations.

– Not use any forced labor, including but not limited to involuntary prison labor, victims of slavery and human trafficking and allow all employees the choice to leave their employment freely upon reasonable notice.

– Compensate employees fairly and follow local wage regulations and / or collective agreements, and where these do not exist, compensate employees so at the minimum they can meet their basic needs.

– Ensure that working hours, including overtime, do not exceed applicable legal requirements, and where such requirements do not exist, we recommend that working hours not exceed sixty hours per week including overtime.

– Ensure that employees are allowed at least one uninterrupted day off per week.

B. Health, safety and well-being

You shall provide safe working conditions and a healthy workplace for all of your employees. In particular, you will

– Formally appoint a competent person to manage health and safety development and improvements.

– Establish appropriate organizational structures and procedures for the effective management of health, safety and environmental risks.

– Ensure that all workers are sufficiently aware of these risks and appropriately trained on the implementation of control measures.

– Chemicals shall be handled in a way that protects the health and safety of the workers and the environment.

– Provide sufficient personal protective equipment and clothing to be used under safe conditions.

C. Environment

Suppliers shall commit to reducing the environmental footprint of their manufacturing processes, their waste and air emissions and promote renewable materials.

– Substances of Concern, comply with any applicable laws, regulations and customer requirements such as REACH and RoHS prohibiting or restricting the use or handling of specific substances.

– Waste management, suppliers manage and dispose of hazardous and non-hazardous waste generated from operations as required by applicable laws and regulations. Waste shall be stored, handled, transported and disposed of in a way that protects the health and safety of workers and the environment.

– Water management, information shall be available on what type of incoming water is used. Suppliers shall monitor, control, and treat wastewater generated from operations before discharge as required by applicable laws and regulations.

– Air emissions management, suppliers shall characterize, monitor, control, and treat air emissions of volatile organic compounds, corrosives, particulates, ozone-depleting chemicals, and combustion by-products generated from operations, as required by applicable laws and regulations, before discharge.

– Ground contamination, suppliers shall ensure compliance with applicable laws and regulations.

– Energy efficiency, suppliers must work to use energy more efficiently and avoid energy waste.

D. Business ethics

You shall conduct your business in an ethical manner. In particular, you will

– To comply with regulatory and customer requirements regarding the prohibition and restriction of substances, you shall implement a policy regarding conflict minerals and exercise due diligence to investigate the source of these minerals.

– Refrain from any and all forms of corruption, extortion and bribery, and specifically ensure that payments, gifts or other commitments to customers (including STOERYD employees), government officials and any other party are in compliance with applicable anti-bribery laws.

– Adhere to anti-trust and other competition laws.

– Whistle-blower protection, suppliers shall provide a complaint mechanism for employees to report workplace complaints and compliance violations in accordance with local laws and regulations.

– Disclose to STOERYD information regarding potential conflicts of interest relating to your activities as an STOERYD supplier, including disclosure of any financial interest an STOERYD employee may hold in your business.

– Protect all confidential information provided by STOERYD and our respective business partners.

– Respect intellectual property of others, including STOERYD.

– Adhere to international trade regulations and export control regulations.

E. Secure business

You shall conduct your business in a secure manner. In particular, you will

– Implement IT-procedures to minimize the risk of cyber threaths. Immediately report to STOERYD if you are affected by an IT-incident.

– Implement reasonable measures for minimizing exposure of STOERYD to security threats such as terrorism, crime, pandemics and natural disasters.

– When visiting or working at STOERYD locations, abide by STOERYD’s security procedures and report any security concerns to the appropriate STOERYD channels.

F. Procurement by supplier

You shall procure goods and services in a responsible manner. In particular, you will

– Select your own tier one suppliers providing goods or services directly or indirectly to STOERYD based on them agreeing to adhere to standards comparable to those set forth in this STOERYD Supplier Code of Conduct.

– When working at STOERYD locations, only subcontract work with prior consent from STOERYD.

G. Inspections and corrective actions

In order to ensure and demonstrate compliance with the STOERYD Supplier Code of Conduct, you shall keep record of all relevant documentation, and provide to us supporting documentation upon request. To verify your compliance, we reserve the right to audit and inspect your operations and facilities, at our own cost and upon reasonable notice, with or without support of a third party. If the results of such an audit or inspection cause us to be of the opinion that you do not comply with this STOERYD Supplier Code of Conduct, you shall take necessary corrective actions in a timely manner, as directed by us. If you fail to comply with this STOERYD Supplier Code of Conduct, then we may take action against you, including suspending or terminating your activities as one of our suppliers.

Suppliers are encouraged to self-monitor their compliance with sustainability requirements and notify STOERYD of any complications or conflicts by using an assessment tool. STOERYD uses EcoVadis (www.ecovadis.com) as assessment tool to gather supplier data and evaluate performance. Suppliers should complete an assessment on the EcoVadis platform, unless they have agreed on an alternative arrangement with STOERYD. Additionally, suppliers should provide STOERYD with any available relevant sustainability reports.