Professional Conduct outlines

This Supplier Code of Professional Conduct outlines our expectations and standards for ethical, environmental, and social responsibility in our supply chain. We expect all our suppliers to adhere to these principles and work collaboratively to ensure responsible and sustainable business practices.

1. Ethical Business Practices

• Compliance with Laws and Regulations: Suppliers must comply with all applicable laws, regulations, and industry standards in their operations and transactions.
• Anti-Corruption: Suppliers shall not engage in any form of bribery, corruption, or unethical practices. Bribery or facilitation payments are strictly prohibited.
• Fair Competition: Suppliers must uphold fair competition practices and avoid anticompetitive behavior or practices that could harm fair market competition.

2. Labor and Human Rights

• Non-Discrimination: Suppliers shall provide equal employment opportunities regardless of race, color, religion, gender, sexual orientation, gender identity, age, national origin, disability, or other legally protected status.
• Child and Forced Labor: Suppliers must not employ child labor, forced labor, or engage in any exploitative labor practices.
• Freedom of Association: Workers shall have the right to join or form labor unions and to engage in collective bargaining as allowed by local laws and regulations.
• Safe and Healthy Workplace: Suppliers shall provide a safe and healthy working environment for their employees, adhering to all occupational health and safety laws.

3. Environmental Responsibility

• Environmental Compliance: Suppliers must comply with all applicable environmental laws and regulations, and actively work towards minimizing their environmental impact.
• Resource Efficiency: Suppliers are encouraged to minimize resource consumption, reduce waste, and promote the efficient use of resources.
• Sustainable Practices: Suppliers are encouraged to adopt sustainable practices and consider environmental impacts in their operations and product development.

4. Community Engagement

• Community Relations: Suppliers should engage with local communities in a responsible and respectful manner, addressing concerns and contributing positively to the communities in which they operate.

5. Confidentiality and Data Security

• Confidentiality: Suppliers must protect all confidential information shared with them during the course of our business relationship.
• Data Security: Suppliers must implement robust data security measures to protect sensitive information from unauthorized access or breaches.

6. Reporting Violations

Suppliers are encouraged to report any violations or concerns related to this Code of Professional Conduct to Power Transmission Systems INC Latin America.

7. Supply Chain Transparency

• Transparency and Traceability: Suppliers should maintain transparency in their supply chain operations, disclosing information on the origin and sources of materials or components used in products supplied to Power Transmission Systems INC Latin America.
• Conflict Minerals: Suppliers must ensure that products do not contain minerals sourced from conflict regions or that contribute to human rights abuses.

8. Continuous Improvement

• Continuous Compliance Improvement: Suppliers are encouraged to establish mechanisms for continuous improvement in line with these standards. This includes conducting self-assessments, audits, and implementing corrective actions when necessary.
• Training and Education: Suppliers should provide training and education to their employees regarding the principles outlined in this Code of Professional Conduct.

9. Third-Party Audits

Power Transmission Systems INC Latin America reserves the right to conduct third-party audits or assessments to ensure compliance with this Code of Professional Conduct. Suppliers should cooperate fully with these audits and provide accurate information as requested.

10. Consequences of Non-Compliance

Non-compliance with this Code of Professional Conduct may result in various consequences, including the termination of the supplier relationship or other appropriate actions as deemed necessary by Power Transmission Systems INC Latin America.

This Supplier Code of Professional Conduct is a reflection of our commitment to responsible and ethical business practices. By adhering to these principles, suppliers become valuable partners in our shared journey toward sustainability, ethical conduct, and social responsibility.

Power Transmission Systems INC Latin America is dedicated to working collaboratively with our suppliers to ensure that this Code of Professional Conduct is upheld throughout our supply chain. We appreciate your dedication to these values and look forward to a fruitful and responsible partnership.

For any inquiries or concerns related to this Code of Professional Conduct, please contact us.

By partnering with us, suppliers agree to uphold these principles and work collaboratively with us to ensure responsible, ethical, and sustainable business practices throughout our supply chain. We value your commitment to these standards as we collectively strive to make a positive impact in the industries we serve.