Company profile Sustainability At Blum, we believe that preserving our natural resources for future generations is both a necessity and an opportunity. We understand that economic and environmental performance must go hand in hand if we are to run our business sustainably, which is why we are committed to doing everything we can to help build a better future (see ‘Sustainability at Blum’ chapter). Code of Conduct and Internal Control System Our Code of Conduct and Supplier Code of Conduct set out the key values that underpin our business. These policies ensure that our values, which are fundamental to our corporate culture and company identity, are upheld as a binding commitment by all employees and contractual partners involved in Blum’s business operations. Together with the applicable legislation and other mandatory regulations, our Code of Conduct serves as a guideline and decision-making tool in all matters relating to correct conduct in our day-to-day business. Our Supplier Code of Conduct, meanwhile, sets out our expectations for the conduct of our suppliers and other supply chain partners (see ‘Partnership across the supply chain’ and ‘Business processes and compliance’ chapters). ➔ GRI 2-23 The purpose of our Internal Control System (ICS) is to ensure that everyone understands and follows all applicable rules and regulations within our company. In implementing this system, we aim to optimise our processes and procedures and also prevent any damage that could be caused by employees or third parties. The Internal Control System comprises both preventive measures that are directly incorporated into our business processes (e.g. segregation of duties in line with the four-eyes principle or access and authorisation rights in IT systems) and process-independent monitoring in the form of internal and external audits. 15
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