1. Introduction
The Supplier Code of Conduct ensures that all our suppliers will uphold and share the same values and sustainability principles when doing business with the Company, and adhere to our compliance, social, and environmental standards, and requirements.
2. Purpose
2.1 To align the Company’s values with the suppliers and ensure that suppliers uphold the principles of integrity, professionalism, fair dealing, and fair competition.
2.2 To strengthen the supplier’s standards for doing business with the Company.
3. Scope
This guideline applies to all active suppliers of GMEC and GNPD.
4. Definition of Terms/Abbreviations
4.1 TERMS
None for this document.
4.2 ABBREVIATIONS
| Abbreviation | Explanation |
| CSU | Corporate Services Unit |
| GNPD | GN Power Dinginin Ltd. Co. |
| GMEC | GN Power Mariveles Energy Center Ltd. Co. |
| AVP for SCM | Associate Vice President for Supply Chain Management |
| CTO | Chief Technology Officer |
| COO | Chief Operating Officer |
References
None for this document.
Applicable Forms/Documents
None for this document.
Responsibilities, Authorities & Accountability
7.1 Chief Operating Officer
7.1.1 Reviews and approves this guideline.
7.2 AVP for SCM, Fuels Manager, Procurement Managers, Plant Managers, CTO, and COO
7.2.1 Reviews ad endorsement of this guideline.
Guidelines
SUPPLIER CODE OF CONDUCT
At GN Power Mariveles Energy Center Ltd. Co. and GN Power Diginin Ltd. Co., (the “Companies”), our core values of integrity, teamwork, ownership, and service guide us in our business decisions, dealings, and relationships with our stakeholders. These values, along with our principles of sustainability, help us achieve our mission to deliver reliable, reasonable, and responsible energy to our customers. We believe that our suppliers, one of the Company’s key stakeholders, have a significant role in this endeavor. By supplier, the Company means any entity that supplies goods and/or services to the Company, its wholly owned subsidiaries, and controlled entities.
This Supplier Code of Conduct (the “Code”) ensures that all our suppliers will uphold and share the same values and sustainability principles when doing business with the Company, and adhere to our compliance, social, and environmental standards, and requirements.
The Company urges its suppliers to promote the same sustainable standards and commitments expected from this Code to their respective supply chains. However, the Company still recognizes that its suppliers are independent businesses and operating in different environments. In compliance with these expectations of doing business with the Company, the Code defines the non-negotiable minimum standards that the Company requires its suppliers and their sub-tier suppliers or subcontractors, with the goal to strengthen our mutual understanding, respect, transparency, trust, and partnership toward a more sustainable business.
This Code is in addition to, and not in lieu of, the provisions of any legal agreement or contract between a business partner and the Company. The following categories encompass the Supplier Code of Conduct.
Suppliers shall agree to the following commitments:
8.1 ETHICAL COMMITMENTS
8.1.1 Care for Customers and Communities
8.1.1.1 Suppliers are also expected to protect and respect the human rights, dignity, and privacy of their suppliers, customers, and communities.
8.1.1.2 Suppliers shall ensure the safety and well-being of their suppliers, customers, and communities, including compliance with regulations that protect the rights of customers and communities and mitigating risks that compromise their lives and property brought by their products, services, or business activities.
8.1.1.3 Suppliers shall dialogue with our communities to understand their needs and support their sustainability by investing in programs that can alleviate their social and environmental issues.
8.1.2 Conflicts of Interest
8.1.2.1 Suppliers are expected to disclose to the Company any situation that may appear to be a conflict of interest and any potential relationships, actions, or transactions (including those involving family members) that reasonably could be expected to give rise to a conflict of interest.
8.1.3 Fair Dealing
8.1.3.1 Suppliers shall conduct all financial business dealings and decision-making with integrity and transparency.
8.1.3.2 No supplier should take unfair advantage of anyone through manipulation, abuse of privileged information, misrepresentation of facts, fraudulent acts, or any other unfair dealing practices.
8.1.4 Proprietary and Confidential Information
8.1.4.1 Suppliers shall maintain all proprietary and confidential information including intellectual property in strict confidence, except when its disclosure is authorized by the Company or required by law.
For this purpose, each supplier shall undertake to sign a non-disclosure agreement as part of its commitment to the Company.
8.1.4.2 Suppliers shall make available accurate information necessary for collaboration, cooperation, and collective decision-making. “Proprietary Information” includes all non-public information that might be useful to competitors or the disclosure of which could result in damages to the Company, its customers, or stakeholders. This also includes but is not limited to, the Company’s intellectual property.
8.1.5 Transparency and Disclosure of Information
8.1.5.1 Suppliers shall disclose information truthfully and accurately as they pertain to their business activities, structure, financial situation, performance, and health events of public health concern in accordance with applicable laws, regulations, and prevailing industry practices.
8.1.6 Anti-Bribery and Anti-Corruption
8.1.6.1 Suppliers shall act professionally, fairly, and with integrity in all of their business dealings and shall endeavor to ensure compliance with this Code. Suppliers shall not pursue, permit, consent to, or collude with any activity, practice, or conduct likely to constitute or appear to be an act of impropriety, bribery, and/or corruption.
8.1.6.2 Suppliers shall not tolerate corruption and bribery in any form.
8.1.7 Prohibition on any Gifts or Favors
8.1.7.1 The Company requires its employees to demonstrate the highest standards of ethics and conduct in relation to potential and existing suppliers. The Company ensures that employees treat suppliers
impartially and practice unbiased professionalism and non-discriminatory actions. Thus, to avoid the appearance of
impropriety, the Company strictly prohibits its suppliers from giving any form of gift, token, favor, hospitality, or entertainment of any value to its officers, employees, agents, and representatives. The Company expects its suppliers to respect and abide by thisprohibition.
8.2 LABOR COMMITMENTS
Suppliers are expected to conduct their business and labor practices to promote, respect, and protect an individual’s human and labor rights, working conditions, and privacy regardless of legal jurisdiction and local factors.
8.2.1 Child and Forced Labor Avoidance
8.2.1.1 The Company does not take part in any form of forced or compulsory labor and child labor, and any abuses that will compromise a person’s human rights. Suppliers shall not tolerate forced, compulsory, or child labor in their business operations, including slavery, servitude, and human trafficking, and shall be consistent with the core labor standards of the law.
8.2.2 Fair and Equal Treatment
8.2.2.1 Suppliers shall protect and respect the human rights, dignity, and privacy of their suppliers and shall provide their employees with a workplace free of harsh and inhumane treatment, with zero tolerance in any form of abuse such as sexual harassment, sexual abuse, corporal punishment, or torture, mental or physical coercion or verbal abuse of employees, or the threat of any such treatment.
Disciplinary actions and guidelines in support of these requirements
8.2.3 Diversity and Inclusion
8.2.3.1 The Company expects its suppliers to actively embrace and respect all individuals in their workforce regardless of age, gender, race, national or ethnic origin, religion, language, political beliefs, sexual orientation, and physical ability.
8.2.4 Wages and Benefits
8.2.4.1 Compensation paid to employees will comply with applicable national wage laws. Unless otherwise provided by local laws, deductions from basic wages as a disciplinary measure will not be permitted (this does not exclude the entitlement of damages on a contractual or legal basis). Suppliers are expected to provide their employees with fair remuneration and compensation and benefits.
8.3 – SAFETY AND HEALTH COMMITMENTS
8.3.1 –Suppliers are expected to provide a safe and healthy work environment, and policies or programs are in place to protect their employees across their business activities from the risk of injury, danger, failure, error, harm, and/or loss of life.
8.3.2 – Suppliers are accountable for the safety and health of their employees, subcontractors, and agents involved in the implementation of tasks. Suppliers shall also ensure that hazards related to their activities are identified and the necessary controls to address the risks posed are put in place. Such controls shall include but are not limited to, proper competency and experience.
8.3.3 – Suppliers must comply with all the health and safety requirements and all applicable legal and regulatory requirements standards in force on workplace safety and health.
8.4 – ENVIRONMENTAL COMMITMENTS
8.4.1 – Suppliers are expected to be responsible stewards for the environment complying with all applicable legal environmental requirements and demonstrating continual improvement of their environmental performance.
8.4.2 – Suppliers shall identify, monitor, and mitigate the environmental risks and impacts of their business activities, products, and services. Suppliers shall ensure their processes efficiently use and conserve resources and avoid any adverse impact on the environment. Suppliers are encouraged to promote and further their environmental protection initiatives, especially with their consumption of energy and natural resources, management, and reduction of emissions and wastes.
8.5 – QUALITY COMMITMENT
8.5.1 Suppliers are expected to integrate quality into their business processes. Suppliers shall meet generally recognized or contractually agreed quality requirements and standards to provide goods and services that consistently meet the Company’s needs, perform as warranted, and are safe for their intended use.
Moreover, suppliers are expected to continuously improve their sustainability performance through appropriate initiatives and measures. Any violation of this Supplier Code of Conduct may result in corrective action. The appropriate action will depend on the nature and severity of the violation and the circumstances surrounding the situation.
Failure to comply with this Code of Conduct and/or any additional requirements or any applicable laws and regulations may result in the termination of any agreement.
Appendix
None for this document.
