Governance Compliance organisation 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. In our international compliance network, which is made up of various experts from different companies, we regularly discuss different projects and define the approach to be taken. The different areas of the business discuss important topics on a daily basis at both local and international level with experts from other companies. This strengthens corporate responsibility and at the same time increases awareness of compliance issues in our corporate group. Strategies for combating corruption and bribery Our strategy for combating corruption comprises a range of preventive and organisational measures. Key elements include our Blum Code of Conduct, specific guidelines, measures to raise awareness in the form of training courses and our internal whistleblower system: ➔ GRI 2-23, GRI 2-25 Blum Code of Conduct Stability and reliability in our day-to-day business operations are key prerequisites for 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. Regardless of their job title, all are personally responsible for upholding the legal, professional and ethical standards associated with our business activities. Employees in roles where a high risk of bribery and corruption exists are also given tailored awareness training. We use various channels and methods to communicate the Code of Conduct internally, so as to provide all employees with targeted information. Alongside our Blum Code of Conduct, we are currently developing further guidelines which will set out the content in greater detail (covering topics such as conflicts of interest, gifts and invitations, procurement, etc.). The policies and procedure for dealing with donations and sponsorship were rolled out at Blum Austria during this reporting period. The international roll-out is in preparation and is scheduled for the 2025 / 2026 financial year. 77
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