Supplier Code of Conduct

Introduction

This Supplier Code of Conduct covers Nordic Grid Solutions and companies owned by 
Nordic Grid Solutions at present Stitec AB, Sweden, and Triarca A/S, Denmark.
Nordic Grid Solutions has a strong commitment to economic, environmental, and socially 
sustainable development.

We select suppliers who share our commitment to social responsibility and sustainable 
business practices. This includes demonstrating responsibility towards the people taking 
part in the manufacture and delivery of products and services.

To make its position clear to all Suppliers, Nordic Grid Solutions has established the 
Supplier Code of Conduct (the “Code”). The Code sets out minimum requirements for our 
direct suppliers and selected sub-suppliers (hereinafter referred to as “Supplier(s)”) as 
decided by us to operate in accordance with responsible business principles as detailed in 
this Code and in full compliance with applicable laws and regulations. Nordic Grid Solutions
is defined as AE2017 Bidco ApS and it’s subsidiaries including, but not limited to, Stitec AB, 
Triarca A/S and Triarca GmbH.

The purpose of this Code is for our suppliers to make a resilient responsible supply chain, 
so the Nordic Grid Solutions products/services are manufactured in a responsible way. We 
continuously progress in our responsible business conduct across our supply chain. This
Code is based on our values, that links to Human Rights, but also the belief that we can
make a difference environmentally, simply by thinking flexibility and simplicity into delivering 
packages.

This Code sets the standards for how we expect our suppliers to behave with regards to 
their social, ethical and environmental business practices. It sets out general principles, 
rather than a complete set of detailed rules and the Code shall be updated by us from time 
to time.

This Code is based on the following internationally recognized standards:
- United Nations Convention against Corruption
- ISO 45001 Occupational Health & Safety Management System Standard2
- ISO 14000 Family – Environment Management. Furthermore the supplier undertakes 
to comply with applicable environmental legislations RoHS and REACH EU directives.
- Responsible Minerals Initiative (RMI)
- The Universal Declaration of Human Rights
- International Labor Standards issued by the International Labor Organization
- The International Program on the Elimination of Child Labor
II. Implementation
Our Suppliers are required to implement the principles and standards of this Code to their 
own business partners, including suppliers, contractors etc. The Supplier agrees that it shall 
not act or omit to act in ways which would otherwise bring the Supplier or Nordic Grid 
Solutions in conflict with the stated principles.
The Code applies to the Supplier and all its affiliates. Supplier shall inform its affiliates on 
their obligations in relation to the Code and the Supplier is responsible towards Nordic Grid 
Solutions for its affiliates’ compliance with the Code.
Supplier shall take all necessary actions to ensure Supplier’s compliance with this Code, 
without undue delay. In addition to complying with the Code, Supplier shall comply with 
applicable local laws.
If Supplier uses sub-suppliers for its supplies to Nordic Grid Solutions and/or acts as a 
distributor or wholesaler towards Nordic Grid Solutions, the Supplier shall use its best 
endeavors to ensure that its sub-suppliers comply with the Code.
As stipulated in the product supply agreement, Nordic Grid Solutions may conduct 
announced audits at the Supplier’s sites, including the Supplier’s manufacturing facilities to 
verify that the Supplier is in compliance with the Code (“CoC Audit”). CoC audits may be
performed either by Nordic Grid Solutions employees or by a third-party auditor chosen by 
Nordic Grid Solutions.

To verify the Supplier’s compliance with the Code, Supplier shall be prepared to provide 
Nordic Grid Solutions access to relevant and reasonably requested information and
documentation, during an audit.
All information and results obtained in connection with the CoC audits will be handled 
confidentially by Nordic Grid Solutions and will only be shared with Supplier.

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This Code deals with the following standards, namely:
- Business Ethics
- Health & Safety
-Environment and Climate
- Working Conditions and Employment Practices
- Whistleblower Arrangement

III. Business Ethics
We require our Suppliers to conduct their business by adopting the highest standards of
ethical behavior.
To achieve the requisite standard, Supplier
A. has Implemented a written policy with respect to corruption/bribery/extortion in 
adherence to the anti-corruption/anti-bribery laws governing the country in which they 
operate and promotes employee awareness of the same.
B. adheres to principles of fair competition in line with the anti-trust and competition 
laws governing the country in which they operate.
C. has procured and operates with a valid registration/license as prescribed by the laws 
governing the country in which they operate.
D. has taken adequate measures to protect all documents, records, correspondence, 
information and transaction of any form, concerning the operation or business of 
Nordic Grid Solutions, obtained in the course of the business activities including 
adherence to the requirements on confidentiality and data protection and cyber 
security.E. agrees to disclose any potential or actual conflict of interest to Nordic Grid Solutions.
IV. Health & Safety
We require our Suppliers to provide a safe, secure and healthy environment for all of their 
Workforce.
To achieve the requisite standard, Supplier
A. has established a health and safety policy in accordance with industry standards and 
in a language communicable to all the Workers.
B. Ensures that its Workforce is provided with Personal Protective Equipment and 
training, necessary to safely perform functions in their position.
C. Ensures compliance with applicable laws and regulations including fire protection.

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D. Establishes a business continuity plan that includes risk assessments of threats.
E. Empowers Workers to report unsafe practices and strives towards establishing best 
practices.
F. Must ensure that salaries for work hours and overtime are paid in accordance with 
the applicable national law / rules.
V. Environment and Climate
We require our Suppliers to integrate environmental considerations into their business 
operations.
To achieve the requisite standard, Supplier
A. Confirms that it is in compliance with the applicable national, international environmental 
laws and standards and has obtained all the necessary environmental permits, 
approvals and registrations.
B. Shall promote environmentally friendly technologies and processes in their own 
operations.
C. Is expected to establish a process for and continue to work towards improving their 
process for
a) Hazardous substance and waste management
b) Wastewater and Solid waste
c) Air emissions
d) Noise management
e) Pollution prevention.
VI. Working Conditions and Employment Practices
We require our Suppliers to adopt a sustainable working environment where Workers are 
treated with dignity and respect. Where local laws dictate any additional requirement, those 
will be applicable along with the ones mentioned below.
A. Respectful Treatment and Equal Opportunity
To achieve the requisite standard, Supplier
a) Should not engage in or support discrimination of any form based on factors including 
but not limited to sex, race, color, disability, language, belief, religion, nationality, 
marital status, sexual orientation or political affiliation.
b) Has established a written policy with respect to the employment-related decisions

 
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including recruitment and termination are based on relevant and object criteria.
c) Protects its Employees from harassment, abuse or threats in the workplace and has 
a procedure for receiving complaints of workplace violence, harassment, threats or 
other types of workplace misconduct