ID Quantique is committed to acting in accordance with the principles of transparency, trust, business ethics and social responsibility and for this reason has established operating standards and practices that are reflected in our ethical governance policy that bind and apply to all parts of the company, the members of the Boards of Directors, the Directors, the employees with no exception or deviation.
Similarly, it expects its suppliers/partners to embrace similar principles of operation by observing the terms of the present Code.
This Code describes the general requirements that apply to any supplier providing goods or services to ID Quantique. It does not replace/supersede any law or provision of a specific contract since absolute compliance with existing legislation as well as contractual obligations is an indisputable condition for cooperation, but it functions in addition as a guideline for the observance of principles of sustainable and ethical business behaviour in its supply chain.
CODE OF ETHICS
Legal and Regulatory Compliance
Adherence to Laws: Suppliers must comply with all applicable local, national, and international laws and regulations, including but not limited to those relating to labor, health and safety, environmental protection, and anti-corruption.
Suppliers must comply with all applicable privacy, data protection and information security laws.
Anti-Corruption and Bribery: Suppliers must not engage in any form of corruption, bribery, extortion, or embezzlement. This includes offering, giving, receiving, or soliciting any item of value to improperly influence the actions of any party.
Labor and Human Rights: No Forced or Child Labor: Suppliers must not use forced, bonded, or involuntary labor. Child labor is strictly prohibited, and Suppliers must adhere to the minimum legal working age requirements in their respective countries.
Non-Discrimination: Suppliers must provide a workplace free from discrimination based on race, age, gender, sexual orientation, ethnicity, disability, religion, political affiliation, or any other legally protected status.
Fair Wages and Working Hours: Suppliers must comply with all applicable wage laws, including those relating to minimum wages, overtime, and legally mandated benefits. Working hours must not exceed the maximum set by applicable laws.
Health and Safety
Safe Working Conditions: Suppliers must provide a safe and healthy working environment for their employees, including appropriate safety measures, equipment, and training to prevent accidents and injuries.
Environmental Responsibility
Environmental Compliance: Suppliers must comply with all applicable environmental laws and regulations. This includes obtaining necessary permits, reporting emissions, and ensuring the safe handling and disposal of hazardous materials.
Sustainability Initiatives: Suppliers are encouraged to implement practices that minimize their environmental impact, such as reducing waste, conserving energy and water, and utilizing renewable resources.
Social Responsibility
Community Engagement: Suppliers are encouraged to contribute positively to the communities in which they operate, through responsible business practices and community involvement.
Respect for Human Rights: Suppliers must respect and uphold the human rights of all individuals affected by their operations, ensuring that their business practices do not contribute to human rights abuses.
Monitoring and Compliance
Audits and Inspections: IDQ reserves the right to audit and inspect Suppliers’ facilities and records to ensure compliance with this Code of Ethics. Suppliers are expected to cooperate fully with such audits.
Reporting Violations: Suppliers must promptly report any violations of this Code of Ethics to IDQ. Retaliation against individuals who report violations in good faith is strictly prohibited.
Consequences of Non-Compliance: Failure to comply with this Code of Ethics may result in the termination of business relationships, legal action, and/or other consequences deemed appropriate by ID Quantique.
Commitment to Continuous Improvement
Suppliers are encouraged to continuously improve their ethical standards, environmental performance, and social responsibility practices. ID Quantique values long-term partnerships with Suppliers who share our commitment to ethical business conduct. In the case they use subcontractors or other suppliers for the implementation of a project, then they must also comply with the principles of this Code.
ID Quantique may request supporting documents, certificates, and various other official documents to confirm compliance with this Code. In the event that a corresponding Code of Conduct is already applied which exceeds the rules herein then it is accepted by ID Quantique.