Code of Conduct

Commitment

At BSB Industry we are committed to conducting our business in an ethical, responsible, and sustainable way. Our Code of Conduct outlines together with our values, a framework of standards and principles that guide our actions, our decisions and the expectations for our employees, management, suppliers, customers and other stakeholders throughout the entire value chain. With our code of conduct we ensure that we promote integrity, transparency, safety and a social and environmental responsibility towards a more sustainable future. Such with the respect of the individual, the environment and the society.

Anticipation

The Code of Conduct is a collection of rules and policy statements intended to assist in the daily decision making in different contexts. The Code of Conduct applies to the employees in BSB Industry and all our business partners. It is important that everyone understands and complies with the Code of Conduct to be able to act in a correct way.

Violation of the Code of Conduct

Failure to comply with the Code of Conduct may expose employees and BSB Industry to reputational damage as well as to legal and regulatory sanctions. Disciplinary proceedings in case of severe compliance misconduct may result in a fine or discontinuation of the relationship, this could be terminating the collaboration with a business partner. Employees in BSB Industry will continuously be trained in this Code of Conduct to ensure the individual has the needed information to act accordingly.

Ethical Business Practice

BSB Industry adheres to the standards of integrity in business activities, and we comply with the applicable laws, regulations and industry standards. We expect our business partners and stakeholders to comply with applicable laws and regulations to promote fair business, competition and prohibit antitrust practices.

Anti-corruption, Bribery, and Fraud

BSB Industry condemns corruption in all its forms and does not tolerate it in its business or with its business partners and other stakeholders. If employees are involved in bribery or corruption, they may find themselves personally criminally liable and subject to disciplinary action. BSB Industry does not accept or solicit bribes in any form. Business partners must have policies in place to avoid corruption, bribery, fraud and all conflict of interests.

Gifts, favors and entertainment in business situations with suppliers and customers must not influence business decisions. Employees in BSB Industry do not receive gifts above EUR 150, apart from gifts given in specific situations with their leader’s approval. BSB Industry does not accept facilitation payments or kickbacks of any kind. No kind of fraud, including theft, embezzlement, money laundering or misuse of the company’s property is accepted in BSB Industry.

Human rights

BSB Industry adheres to all relevant laws and regulations aimed at the protection and promotion of human rights globally and expects the same of business partners and stakeholders throughout the entire value chain.

It is important that everyone in the relationship is treated with dignity and respect. BSB Industry does not accept discrimination based upon age, ethnic background, disability, gender, political beliefs, religion, or sexual orientation. Discriminatory behavior or harassment of any kind is not tolerated. BSB Industry has an inclusive working culture and embraces diversity. We respect the right for freedom of association and recognize the right to be a member of a union or other collective bargaining group.

Child Labor and Forced Labor

Across our supply chain we prohibit forced labor of any kind. Child labor law and national labor law must be met. It is expected that all labor must be voluntary and that employees have the right to end an employment and move freely on the labor market.  

Confidential information and data security

All employees have a legal duty to safeguard confidential information, regardless of whether it is obtained from customers, associates, suppliers or inside BSB Industry. Confidential information must not be disclosed to third parties without the owner’s consent. Sensitive data must be stored in secure locations and transmitted via a secure method. It is expected that business partners regularly review and update security policies to adapt to emerging IT threats. Risk assessments and identification of vulnerabilities shall be made to implement appropriate mitigation plans to avoid cyber-attacks and other unauthorized access to confidential data and systems.

Health and Safety

The workforce at BSB industry is one of the most important resources. The wellbeing, a safe and healthy working environment has the highest priority in BSB Industry who is ISO 45001 certified and actively manages, prevents and mitigates health and safety risks during the management system. Business partners must ensure that all their organizations comply with all (national) health and safety laws and regulations and continuously promote wellbeing and a safe working environment for the entire workforce. Unsafe conditions must be reported and preventive measures taken and all employees must be trained in health and safety practices.

Climate, Environment and Energy

BSB Industry is ISO 14001 certified and aim to be net zero in 2045 and works with elements of UN’s Sustainable Goals. It is a prerequisite that business partners comply with national laws and internationally recognized standards for the environment, climate and social conditions. Suppliers must be able to demonstrate programs which improve the environment and reduce GHGs.  BSB aims to help promote such improvements at our suppliers.

BSB Industry uses renewable energy sources and implements energy efficient technologies aiming at reducing our carbon footprint. CO2 emissions are tracked as a part of the sustainability journey. There are processes and measures in place for waste handling and waste is disposed in a safe manner minimizing the risk of environmental impact on the climate.  Measurable goals are set to reduce emissions and energy consumption. BSB Industry has the ambition to have a greener planet. 

Supply Chain Responsibility

BSB Industry prioritizes suppliers who demonstrate an ethical and responsible sustainable sourcing and manufacturing. Suppliers are selected and monitored in accordance with the criteria, values and standards of BSB Industry. Through audits and self-assessments suppliers are evaluated to see if they comply and meet the criteria i.e. within environment, sustainability, quality, health and safety. Corrective actions and improvements may be needed within an agreed time frame if suppliers do not comply.

Mutual trust is built through quality and value-creating relationships with both suppliers and customers. BSB Industry is ISO 9001 certified and actively engages with it customers to provide solutions, long term partnerships and ensure full customer satisfaction. Deliverables on time and in the agreed quality are fundamental in the business of BSB Industry who fosters a culture to enhance operational efficiency and work with continuous improvements throughout the supply chain and business.

Whistleblower

BSB Industry has a whistleblower channel that will be available for stakeholders of BSB. This channel can be used to report wrongdoings such as corruption, abuse of power, discrimination and harassment internally before authorities or the media are contacted. The channel is managed from an external source to ensure anonymity and data security. BSB Industry encourages business partners to ensure confidentiality and protection for individuals who report unethical practiced or violations of the laws and such should be done without fear of retaliation.