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
hod@bloomchemag.com,
ea@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.
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
