Governance We abide by the following principles Laws and regulations We are committed to complying with all relevant laws and regulations that apply to our company and industry. We deliberately go beyond the legal requirements sometimes, providing that doing so benefits our company. Integrity and ethical awareness We are committed to conducting our business with integrity and ethical awareness and to ensuring that our employees share these values. We do not tolerate corruption, fraud or unethical behaviour, whether internal or external, for example in our supply chain. We have drawn up our Blum Code of Conduct and our Supplier Code of Conduct accordingly. Protection and security of data We are committed to respecting the data protection rights of our customers and employees and to ensuring that all the personal data we collect, as well as the intellectual property of our partners, is stored and processed securely. Conflicts of interest We are committed to avoiding conflicts of interest and refrain from taking any actions that could harm our customers, partners or our company. Transparency and disclosure We are committed to transparency and to disclosing all relevant information about our business and business practices, including our finances and our compliance practices. Training and development We are committed to providing our employees with regular training and development so that they can understand and implement our company's compliance policies. In doing so, we always take care to consider the needs of various groups of people and offer different learning opportunities. Reporting violations We ensure that our employees have the opportunity to report violations of our compliance policy through a variety of channels. These include both personal contact and our digital whistleblower system. Employees can choose between reporting in person or anonymously. In either case, we ensure fair and impartial treatment of the reports received. The strategic goals we want to achieve with our compliance policy are: – Prevent or detect cr iminal of fences – Improve internal processes – Increase trust in our organisation – Strengthen our international reputation ISO 37301 and internationally recognised best practices form the basis of our compliance policy and the achievement of the goals it sets out. Compliance strategy and policy At Blum, compliance means ensuring that both the company as a whole and each individual employee adheres to relevant laws and regulations. Our compliance processes are designed to ensure that compliance is not just a top-level concern for the Executive Board, but rather something every employee must be aware of. They enable us to monitor and manage the warning signs and early detection flags for cases of law infringement, corruption, improper business conduct and financial crime. Moreover, they play a key role in our efforts to actively identify and manage the risks facing our company, which is why it is so important that all the different areas of our business are involved. To that end, we develop our compliance processes in consultation with all the different teams and networks across our national and international sites. ➔ GRI 3-3, GRI 2-27 76 © Copyright by Blum
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