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GLOBAL STANDARDS FOR SUPPLIERS

GLOBAL STANDARDS FOR SUPPLIERS

GLOBAL STANDARDS FOR SUPPLIERS

Product catalog summary
Global Standards for Suppliers
COVERIS outlines its expectations for ethical business behavior from its suppliers, including manufacturers, contractors, partners, agents, distributors, and consultants. Non-compliance with these standards will result in termination of business relations.
Product Quality and Safety
Suppliers must ensure their products meet or exceed legal and agreed-upon quality and safety standards. Any threats to product safety must be reported immediately.
Employment Practices
Suppliers are required to treat employees with dignity, comply with employment laws, and support human rights. This includes maintaining a safe work environment, prohibiting child labor, ensuring fair compensation, and preventing discrimination and forced labor.
Environmental Responsibility
Suppliers must comply with environmental laws and actively work to reduce waste and minimize environmental impact.
Conflict of Interest and Anti-Corruption
Suppliers should avoid conflicts of interest and adhere to anti-corruption laws, refraining from bribery or corrupt practices.
Gifts and Entertainment
Gifts or entertainment should not influence business decisions or create conflicts of interest. Lavish gifts, bribes, and entertainment that could harm COVERIS employees are prohibited.
Confidential Information
Suppliers must protect COVERIS' confidential information and ensure it is only accessed by those who need it for their job. This obligation continues even after the business relationship ends.
Fair Competition and Anti-trust
Suppliers must comply with competition laws and regulations to ensure fair competition.
Accuracy of Business Records
Suppliers are required to maintain accurate and honest business records, avoiding false entries.
General Legal Compliance
Suppliers must adhere to all applicable laws and regulations.
Communication and Monitoring
Suppliers should communicate these standards to their employees and supply chain, ensuring compliance. COVERIS reserves the right to monitor compliance and suppliers must report any non-compliance immediately.
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Catalog excerpts

GLOBAL STANDARDS FOR SUPPLIERS-1

ETHICS OF BUSINESS GLOBAL STANDARDS FOR SUPPLIERS COVERIS believes in doing business with suppliers, manufacturers, contractors, partners, agents, distributors and consultants (referred to in these guidelines as « Suppliers ») who respect high standards of ethical business behaviour. The present Ethics of Business have been established to define COVERIS minimum requirements of its Suppliers. Failure to observe these Ethics of Business will result in COVERIS ceasing to do business with such Supplier. Product Quality and Safety As a major supplier of food and non-food packaging solutions, COVERIS has a fundamental responsibility to ensure that its products respects the highest standards in terms of safety and quality. Suppliers undertake to provide services/products that meet or exceed all legal and all agreed upon quality and safety standards. Any threats to product safety must be immediately reported to COVERIS. Employment Practices Treating employees with dignity and respect is a strong commitment of COVERIS. We believe in doing business with Suppliers who share this commitment and we require Suppliers to comply with all applicable employment laws and to support fundamental human rights for all. Health and safety Suppliers will operate a safe and healthy work environment for their employees. Where applicable, this also applies to housing and eating facilities. Child labour Suppliers will not employ individuals in violation of the local mandatory school age, or under the legal employment age in each country where they operate. Moreover, in no case Suppliers will employ workers under the age of 15.

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GLOBAL STANDARDS FOR SUPPLIERS-2

Compensation Suppliers will, at minimum, comply with applicable wage and hours laws and regulations, including those relating to minimum wages. Discrimination Suppliers will not discriminate based on personal characteristics or beliefs and are expected to provide equal opportunities to all. Forced labour Suppliers will not use forced or involuntary labour, whether bonded or indentured. Freedom of association and collective bargaining Suppliers will respect the right of employees to exercise their lawful rights of free association. Similarly, Suppliers will recognize the lawful rights of their...

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GLOBAL STANDARDS FOR SUPPLIERS-3

HIGH PERFORMANCE PACKAGING COVERIS strictly abide by all local laws and applicable European Union laws and requires Suppliers to act in a similar way. Suppliers may not pay bribes or engage in corrupt practices in order to advance COVERIS’ business interests. This include, directly or indirectly, offering, promising to pay or authorizing the payment of money or anything of value to any third party for the purpose of influencing the acts or decisions of local officials. Gifts, Favours and Entertainment Gifts, favours and entertainment are not needed to do business with COVERIS, and may lead, or...

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GLOBAL STANDARDS FOR SUPPLIERS-4

Fair Competition and Anti-trust COVERIS believes in free and open competition, and fully complies with the European Union competition laws. Suppliers are requested to comply with all applicable local and international regulations regarding fair competition and antitrust. Accuracy of Business Records Suppliers must record and report information accurately, honestly, on a timely manner and must not hide, fail to record or make false entries into financial books. General Legal requirements Suppliers will comply with all applicable laws and regulations to which they are subject. Communication Suppliers...

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