Introduction:
BloomchemAG believes in conducting business with integrity and a strong sense
of responsibility. We adhere to all applicable laws and regulations in our
operations. Our commitment to personal and professional integrity fosters a
culture of trust and transparency, essential for sustainable growth.
Consequently, we seek partners who share our values and operate with similar
ethical standards. This approach aligns with BloomchemAG's vision, mission, and
values and supports our sustainable development goals.
To emphasize the importance of our expectations, we have developed this
BloomchemAG Code of Conduct for Business Partners (the "Code"). It outlines
the ethical business practices we expect from suppliers, vendors, contractors,
traders, consultants, and agents (collectively, "Business Partners"). Adherence to
this Code is a prerequisite for establishing a business relationship with
BloomchemAG. The Code complements, but does not replace, any contractual
agreements.
This Code serves as a guide for fostering long-term cooperation and mutual
success. Should you have any questions, please contact your BloomchemAG
representative.
Mr. Rajesh Sethi
CEO, BloomchemAG
General Compliance
BloomchemAG conducts business with integrity and expects its business
partners to uphold fundamental human and labor rights, equal treatment, and
non-discrimination. Business partners must comply with all applicable laws and
regulations. In cases where this Code conflicts with the law, the stricter standard
always prevails.
Business partners must establish robust management systems to ensure
compliance with this Code, equivalent standards, and relevant laws. These
systems should align with the partner’s size, complexity, and risk profile.
To safeguard the integrity of the BloomchemAG-business partner relationship,
all conflicts of interest must be avoided
Business Ethics
Business partners must adhere to all national
and international competition laws. They are
prohibited from engaging in any discussions,
agreements, or practices with competitors that
could restrict competition. This includes
activities such as price-fixing, market
allocation, bid rigging, or any other actions
that could harm fair competition.
A steadfast commitment to superior product
quality and exceptional service delivery is
paramount. All offerings must adhere to
stringent safety standards, legal requirements,
and specified guidelines. Customers deserve,
and will receive, truthful, reliable, and
transparent information about our products
and services.
BloomchemAG’s intellectual property must be
protected and treated with care by business
partners. Similarly, business partners must
respect the intellectual property rights of
others.
Human & Labour Rights
FUNDAMENTAL HUMAN RIGHTS AND LABOUR RIGHTS
Business partners must uphold and respect
internationally recognized human rights. They
are responsible for preventing any involvement
in human rights abuses. Business partners must
identify, assess, and mitigate risks associated
with human rights violations within their
operations.
Discrimination of any kind is prohibited. All
employees must be treated fairly and
equitably based on their qualifications and
abilities. Employment decisions, like hiring,
promotions, compensation, benefits, training,
and termination, must be free from bias.
Employee privacy must be respected. Any
behavior that is sexual, coercive, threatening,
abusive, or exploitative is strictly forbidden.
FORCED LABOUR AND MODERN SLAVERY
BloomchemAG is committed to eradicating
modern slavery, forced labor, child labor, and
human trafficking. We adhere to all
internationally recognized human rights as
outlined in this Code. Business partners must
not engage in or benefit from any form of
forced or involuntary labor, including prison
labor, slavery, or servitude.
Child labor is strictly prohibited. Business
partners must not employ individuals under
the age of 15 (or 14 where permitted by ILO
conventions, or the legal minimum age if
higher). The rights of young workers (under 18)
must be protected from exploitation and
harmful working conditions that impede their
education and development.
Employee privacy must be respected. Any
behavior that is sexual, coercive, threatening,
abusive, or exploitative is strictly forbidden.
WORKPLACE REQUIREMENTS
Business partners must comply with all
applicable labor laws, regulations, and
industry standards. They must adhere to the
strictest requirements in terms of working
hours and wages.
EMPLOYMENT OF PERSONS UNDER 18 YEARS OF AGE
As a BloomchemAG Business Partner, you must
strictly adhere to all applicable labor laws
governing the employment of young workers
under the age of 18. Child labor is strictly
prohibited on your premises. All operations
must comply with the International Labour
Organization’s regulations on underage work.
Compliance: Reporting, Verification, & Records
RECORD KEEPING
It is mandatory for suppliers to uphold all
financial documents, including books, records,
and accounts, in compliance with relevant laws,
regulations, and generally accepted
accounting standards. It also covers data and
paperwork connected to all payments made to
government authorities or entities, product
traceability, employee safety, and any other
obligations.
COMPLIANCE VERIFICATION
In order to ensure compliance with this
Supplier Code, we require Suppliers to assess
their own operations as well as the operations
of the supply chain that delivers goods to
BloomchemAG. In order to verify compliance,
suppliers will work with and permit
BloomchemAG or our authorised third party to
undertake audits, including social
accountability audits.
WORKPLACE REQUIREMENTS
Suppliers who have concerns about the safety of
our products or who think that one of our
employees or someone working on our behalf
has acted illegally, unethically, or improperly
must report these issues right away to our
finance departments and CEO respectively at
hr@bloomchemag.com,
teamhr@bloomchemag.com and
corphr@bloomchemag.com
REPORTING CONCERNS
As a BloomchemAG Business Partner, you must
strictly adhere to all applicable labor laws
governing the employment of young workers
under the age of 18. Child labor is strictly
prohibited on your premises. All operations
must comply with the International Labour
Organization’s regulations on underage work.
Anti-corruption
Our primary objective is to safeguard our products from misuse. To achieve this, we strictly
comply with all relevant laws and regulations, including trade controls, embargoes, anti-
terrorism measures, and other restrictions designed to prevent product diversion.
ANTI-BRIBERY
BloomchemAG maintains a strict zero-
tolerance policy towards bribery and
corruption. We recognize that these practices
hinder sustainable development and fair
competition. As such, we prohibit the offering
or acceptance of any form of undue payments
in our business dealings.
MONEY LAUNDERING
The partner must implement robust measures
to prevent the inadvertent acceptance of
payments derived from illegal activities. Any
instance of money laundering is considered a
severe breach of this agreement.
Audit Rights
BloomchemAG reserves the right to conduct audits, including confidential
employee interviews, to verify business partners' compliance with this Code.
Business partners must provide an annual written assurance, using a
BloomchemAG-approved format, detailing their compliance efforts. This
assurance should address environmental impact, labor practices, human rights,
and anti-corruption measures.
BloomchemAG may request information from business partners without on-site
visits. Third-party audits are permitted only with explicit business partner
consent.
Non-Compliance
Business partners must promptly notify BloomchemAG of any instances or
suspected violations of this Code, including those committed by sub-suppliers.
Failure to report such violations constitutes a breach of this Code.
Any violation of this Code is considered a material breach of existing or future
agreements with Bloomchemag.
Health & Safety
Business partners must prioritize the health and safety of all workers.
Occupational safety and health should be integrated into all business processes
from the planning stage onward. Business partners must provide comprehensive
training to educate employees about health and safety matters.
All employees must actively promote a safe and healthy work environment and
comply with relevant regulations.
Business partners must conduct regular risk assessments, implement measures
to mitigate identified risks, and establish effective occupational health and
safety management systems to track and report incidents.
Essential personal protective equipment must be provided free of charge to all
employees, along with proper training on its use.
Environment
WASTE AND EMISSIONS
The business partner must implement
procedures to safely handle, transport, store,
recycle, reuse, and manage all materials and
waste. Any waste generated or substances
released into the environment must be
minimized and properly treated to protect
human health. Waste disposal must comply
with the Basel Convention on hazardous waste.
The business partner should prevent pollution
and optimize the use of resources like energy,
water, and raw materials.
PROCESS SAFETY
The business partner must use a management
system (like ISO 9001) to control operations,
adhering to safety standards. Risk assessments
should be conducted for facilities as needed.
Preventive measures are in place to protect
against incidents such as chemical spills or
explosions.
Our Code of Conduct going forward
Dear Business Partner,
Sustainability and ethical conduct are fundamental to BloomchemAG’s business
operations. We believe that strong values and high ethical standards are
essential for building trust with customers, employees, communities, and
business partners like you.
To ensure alignment with our commitments, we have developed this Code of
Conduct for Business Partners. This document outlines the ethical expectations
we have for all our suppliers, customers, and intermediaries.
We operate in a complex global environment, and this Code provides guidance
to uphold our high ethical standards consistently. We expect our business
partners to prioritize human rights, fair labor practices, and employee safety.
Additionally, we expect you to implement measures to minimize your business’s
environmental impact.
By adhering to this Code, you contribute to our shared goal of conducting
business responsibly
Thank you for your commitment to our shared values.
Mr. Rajesh Sethi
CEO, BloomchemAG
