Governance Compliance network All Blum employees are required to maintain high ethical standards and to guarantee the integrity of our business dealings with our partners. Responsibility for implementing our compliance processes is therefore company wide. The compliance network within Blum Austria and worldwide comprises several expert representatives from all different areas of the business. They meet regularly to discuss upcoming projects and define the next steps and are available to talk through and resolve important issues on a daily basis. This model and the emphasis on expertise strengthens the sense of corporate responsibility and increases awareness of compliance issues across all areas of our business. Blum Code of Conduct Stability and reliability in our day-to-day business operations are an important part of our international success. The principles and values that we uphold and live by as a company are central to our understanding of what it means to conduct our business with integrity. This value system and our identity as a company are defined in the Blum Code of Conduct, which sets out guidelines for the conduct both of Blum employees worldwide and of any contractual partners acting in Blum’s name. All are personally responsible for upholding the legal, professional and ethical standards associated with our business activities. ➔ GRI 2-23, GRI 2-25 Blum Supplier Code of Conduct In today’s globalised world, where production and supply chains are becoming ever more complex, companies are under increasing pressure to take responsibility for ensuring compliance with social and environmental standards across their supply chains. Our Supplier Code of Conduct serves as an addition to the Blum Code of Conduct and focuses specifically on the human rights and environmental standards that our supply chain partners must fulfil with respect to our products and services (more information in ‘Partnership across the supply chain’ chapter). Code of Conduct training Regardless of their job title, all Blum employees are responsible for upholding the values and principles that make us a trusted partner. To help staff understand their responsibilities, we offer training aimed at specific target groups that gives employees the necessary understanding of compliance topics and increases awareness of compliance in their day-to-day work. In offering this training, it is important to us that we cater for our employees’ different needs and work set-ups. In the coming business year, we are therefore offering in-person training sessions in addition to an online e-learning course, which we hope will help prevent future breaches of our Code of Conduct and strengthen the compliance culture across our business. The e-learning course on the Blum Code of Conduct was released shortly before the end of the reporting period. To date, 33% of employees have already taken up this offer, which shows that there is real interest in this topic. ➔ 205-2 84 © Copyright by Blum
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