SEALMATIC’s commitment to compliance towards conduct and ethics is based on integrity, respect, reliability and sustainability as cornerstones of our actions. We are aware that our ability to meet our own compliance standards and those of our customers depends to a large extent on how we work together with our suppliers. Consequently, we expect our suppliers to adhere to a set of rules in order to ensure that we work on the basis of the same values and principles.
SEALMATIC's Supplier Code of Conduct and Ethics ("Supplier Code") thus sets forth the minimum requirements for all suppliers to conduct business with SEALMATIC.
SEALMATIC requires from its suppliers that they install and maintain adequate compliance procedures in order to enable effective compliance with this Supplier Code or the supplier's own equivalent policy or code of conduct.
The undertaking by suppliers to comply with this Supplier Code shall form the basis of our business relationship. This Supplier Code shall form part of any agreement entered into by you as supplier. However, when entering into a contract with us, the supplier may be asked again to reconfirm his compliance with this Supplier Code.
SEALMATIC requires its suppliers to comply with export control laws and to respect export and trade sanctions or other bans. If necessary, the supplier shall obtain any export permits required and/or assist SEALMATIC in obtaining its export licenses:
SEALMATIC expects its suppliers to support and protect human rights in the supplier’s workplace and business activities and to ensure that working conditions are in line with the law and with internationally applicable standards and conventions (such as ILO, OECD Guidelines for Multinational Enterprises, UN Global Compact Initiative or the Global Reporting Initiative). In particular, the supplier shall:
SEALMATIC expects its suppliers to manage their operations in a responsible manner with a view to fulfilling the environmental requirements defined in the applicable laws, regulations, or permits.
SEALMATIC requires its suppliers to conduct business with integrity and in compliance with legal requirements and to adhere to internationally agreed standards of business ethics. In particular, the supplier shall:
If you as a supplier become aware of a violation of this Supplier Code, you shall report such violation to. Depending on the gravity of the violation, adequate corrective measures may be requested by SEALMATIC from the supplier, including the termination of cooperation with an employee or sub-supplier of the supplier. For as long as the requested remedies are not implemented, SEALMATIC may withhold payments that would otherwise be due to the supplier. If the requested remedy is not able to prevent or repair harm to SEALMATIC or if the breach of the Supplier Code is considered to be a major breach of contract, SEALMATIC shall be entitled to terminate the contract relationship with the supplier immediately.
SEALMATIC requires its suppliers to respect third-party intellectual property rights and trade secrets and to protect our own or our customers’ intellectual property rights, trade secrets, and personal data, which you as supplier may become aware of in the course of contract execution with SEALMATIC.