Governance

The code of conduct is based on principles including the UN Global Compact and the OECD Guidelines for Multinational Enterprises. The code of conduct includes the following sections:

• Guidelines for professional and personal conduct
• Human rights and the working environment
• Reporting violations and seeking guidance
• Sanctions

This code of conduct is aimed at KWH Group’s business partners. It includes the following sections:

• Guidelines for business conduct
• Human right and working environment
• Sub-suppliers and affiliates
• Monitoring, follow-up and sanctions for breach
• Reporting of potential misconduct

KWH Group has zero tolerance for corruption, bribery, and unethical practices. The anti-corruption policy outlines principles to ensure compliance with anti-corruption laws and ethical standards, containing the following sections:

• Areas of attention (corruption, bribery, kickbacks etc.)
• Incidents and concerns
• Sanctions for breach
• Training

This policy is based on the Group’s sustainability strategy to integrate ESG factors throughout the entire value chain. It includes the following components:

• Own workforce: Focus is on health, safety, well-being, and equal treatment.
• Workers in the value chain: We expect suppliers and contractors to comply with our code of conduct.
• Consumers: We are committed to protecting consumer rights and personal data, ensuring product safety, maintaining transparency in information, and following ethical marketing practices.

The purpose of this policy is to ensure high ethical standards, legal compliance, and the integration of ESG. Key themes in the policy include:

• Zero tolerance for corruption and bribery
• Whistleblower protection
• ESG integration and ESG evaluation of investments
• Active ownership
• Reporting