Code of Conduct

In everyday working life, respect for colleagues, superiors and fellow human beings is the top priority in every situation. Each individual must therefore observe the following principles at all times:

Respectful treatment of one another must be observed at all levels and hierarchies.

PMP does not tolerate discrimination, in particular in compliance with legal requirements, on the grounds of race or ethnic origin, gender, religion or belief, disability, age or sexual identity.

PMP also expects every employee to be treated fairly and not to be harassed, insulted or threatened.

PMP expects all employees to behave responsibly, ethically and with integrity. PMP traditionally maintains good relationships with its business partners, which are based on a high level of quality of the products and services supplied, availability and competitive prices. This also includes maintaining contacts between PMP employees and customers and suppliers. PMP remains committed to working openly, with integrity and responsibility with public officials.

The quality of PMP’s products is the basis of PMP’s customers’ trust. Every employee is responsible for ensuring quality work. Attention must be paid to the quality of the parts provided and also of the parts passed on and, if necessary, complaints must be made internally. To ensure high-quality work, it is important to use the right tools and operate the machines correctly. Everyone’s aim must be to deliver 100% quality at all times.

As part of PMP’s commitment to sustainable development, PMP proactively seeks to use new and sustainable technologies and processes and strives to minimize its impact on the environment. PMP will take all reasonable and practicable steps to ensure a safe working environment. Within the scope of their activities, all employees are fully personally responsible for ensuring safety, health and environmental protection at their workplace to the best of their knowledge, skills and experience. Everyone is encouraged to identify areas where improvements can be made and to continuously strive for a better working environment. Special attention must be paid to safety in general, the prevention of accidents at work and the continuous improvement of health protection for employees in particular. PMP employees undertake to wear the appropriate safety equipment and to comply with the safety precautions and to protect their own health and the health of other PMP employees to the maximum extent possible.

Any violation of the Code of Conduct and the regulations contained therein is a serious matter and may result in fines or penalties for PMP or individual employees, which may even result in criminal prosecution. Violations will not be tolerated. Depending on the circumstances of a violation, PMP may decide on consequences under labor law, including disciplinary measures up to and including termination of employment.

Violations committed by business partners are punishable under civil and criminal law. Employees are asked to address misconduct by colleagues and to encourage the person concerned to behave correctly.

Internal company information that constitutes business secrets or sensitive data must be treated as strictly confidential. They may only be disclosed to third parties if the persons demonstrably need them and are authorized to receive them. The contractual confidentiality obligations must be complied with during and after termination of the employment relationship. Personal data will only be collected, processed and used for the specified legitimate purpose and only in accordance with the applicable laws.

PMP does not tolerate any kind of extortion, bribery or corruption. This includes inadmissible offers or acceptances of payments or gifts to or from employees and business partners that could give the impression that preferential treatment is intended. Exceptions to this are promotional gifts of a low value (approx. €20) that do not constitute influencing or invitations that are predominantly work-related in nature. PMP does not make or give payments or gifts of value to induce government or corporate employees to provide PMP with an improper business advantage.

Every PMP employee is required to avoid situations in which personal interests, even if they only appear to be in conflict with the interests of PMP. A conflict of interest then exists if the personal interests conflict with the interests of PMP and conflicts of loyalty could arise as a result.

PMP undertakes to observe the legal regulations for the protection of human rights and to comply with the respective national labor laws and other agreements for the protection of employees. PMP does not tolerate child or forced labor.

PMP expects that its business partners also comply with these applicable laws, fulfill their contractual obligations and commit their business partners accordingly.

Integrity is the actual and perceived ethical business behavior that is in line with PMP’s Code of Conduct. Integrity also includes compliance with all applicable laws and standards. Everyone involved with PMP and all business partners are expected to comply with the legal norms and regulations of this Code of Conduct in order to contribute to the integrity of PMP. PMP believes it is important that criticism is first voiced internally to managers and/or management and not immediately posted on social media or in the media. Anything that goes beyond factual criticism in the company’s public domain, is false or constitutes gross, defamatory insults will not be tolerated and will be punished.

Precise Metal Production GmbH & Co. KG (hereinafter also referred to as “PMP”) maintains a trusting relationship with its business partners. PMP is guided by aspects such as integrity, ethics, sustainability and legally compliant behavior. PMP also expects this behavior from its business partners, be they customers or suppliers (at all levels).

This Supplier Code of Conduct (hereinafter also referred to as the Supplier Code of Conduct) is based on the Code of Conduct of Precise Metal Production GmbH & Co. KG and sets out in concrete terms what PMP expects from its suppliers in this respect and what they undertake to do vis-à-vis PMP.

Suppliers undertake to comply with the applicable occupational health and safety regulations and ensure a safe and healthy working environment in order to maintain the safety and health of employees, protect third parties and prevent accidents, injuries and work-related illnesses. Finally, suppliers undertake to provide their employees with appropriate training in all health and safety topics in a language they understand.

Suppliers undertake to comply with the applicable environmental laws, environmental regulations and environmental standards. Insofar as environmental laws, environmental regulations and environmental standards contain reporting or other obligations to cooperate on the part of suppliers, suppliers shall comply with these reporting or other obligations to cooperate on their own initiative, in full and within the prescribed deadlines. Even in the absence of corresponding legal obligations, the suppliers shall support PMP to the best of their ability in a timely manner at PMP’s request.

PMP expects its suppliers along the supply chain to set up an adequate hazardous substance management system and to work continuously to avoid hazardous substances in products and reduce negative environmental impacts.

We hereby confirm receipt of the Supplier Code of Conduct and undertake to comply with the principles and requirements of PMP’s Supplier Code of Conduct. We also confirm that by signing this Supplier Code of Conduct, it becomes part of the existing contractual relationship between us and PMP. Should there be any contradictions between the Supplier Code of Conduct and the existing contractual relationship, the more extensive provision shall apply.

Precise Metal Production GmbH & Co. KG (hereinafter also referred to as “PMP”) maintains a trusting relationship with its business partners. PMP is guided by aspects such as integrity, ethics, sustainability and legally compliant behavior. PMP also expects this behavior from its business partners, be they customers or suppliers (at all levels).

Prohibition of forced and child labor
Suppliers undertake not to practice any form of forced or child labor. PMP follows the definition of child labor based on the standards of the International Labor Organization (ILO). If a local law prescribes a higher legal minimum age for workers or a longer compulsory schooling period, the higher age applies.

Prohibition of discrimination and unequal treatment
Suppliers undertake not to discriminate on the basis of age, gender, skin color, ethnic or social origin, sexual identity, disability, religion or political opinion.

Exercise of employee rights
Suppliers undertake to comply with the applicable laws and regulations for the protection of employees and to guarantee employees the active exercise of their rights.

This Supplier Code of Conduct (hereinafter also referred to as the Supplier Code of Conduct) is based on the Code of Conduct of Precise Metal Production GmbH & Co. KG and sets out in concrete terms what PMP expects from its suppliers in this respect and what they undertake to do vis-à-vis PMP.

Working hours and remuneration
The suppliers undertake to comply with the applicable laws and regulations on the restriction of working hours and the granting of rest periods, breaks and vacations. Furthermore, suppliers undertake to remunerate their employees in accordance with the applicable laws and regulations and to guarantee them equal pay for work of equal value.

Conflict minerals
Suppliers undertake to comply with the applicable laws and regulations on conflict minerals. If products manufactured and/or delivered by the suppliers contain tin, tantalum, tungsten or their ores or gold, PMP must be notified immediately and without being asked.

Suppliers undertake to act lawfully and with integrity in their business dealings. This includes the following areas in particular:

Fair and honest competition
Suppliers commit to behaving fairly and honestly in competition and to comply with applicable competition laws, especially antitrust laws, and to ensure that neither their services nor their goods infringe on the intellectual property rights of PMP and/or third parties. In particular, price agreements with competitors, market sharing with competitors and the abuse of a dominant market position through price discrimination and other behavior are not tolerated.

Prohibition of granting and/or receiving improper advantages
Suppliers ensure that no improper advantages of any kind are provided, either directly or indirectly, to politicians (including their family members and relatives), authorities or government officials, business partners or their employees (including PMP employees), or government officials. Suppliers undertake not to demand or accept any unlawful benefits from their employees. From PMP’s point of view, a benefit is impermissible if its nature and scope is likely to influence the recipient’s actions and decisions.

Prohibition of money laundering
As a supplier to PMP, they ensure compliance with applicable laws and regulations to prevent money laundering and, whenever possible, avoid the use of cash in business transactions.

Protection of trade secrets
Suppliers commit to always treating business information, financial or competitive information confidentially and in accordance with non-disclosure and confidentiality agreements. Suppliers are required to take appropriate precautions to protect such information.

Import & Export Control
Suppliers commit to complying with all applicable export controls, sanctions, customs laws and regulations, including applicable trade restrictions, embargoes, and other restrictions on the import and export of goods, services, and information. In particular, the suppliers undertake to ensure that they themselves, their beneficial owners, all their representatives and other subcontractors used by them are not listed on any of the applicable sanctions lists as a sanctioned company and/or person.

In the event of suspected violations of the standards and regulations set out in the Supplier Code of Conduct and to safeguard the supply chain, suppliers agree that PMP may conduct audits to verify compliance with the Supplier Code of Conduct on the supplier’s premises and business premises during normal business hours after reasonable notice of no less than 14 working days. PMP is authorized to conduct an audit at the supplier’s premises at least once a year.

At PMP’s request, suppliers are obliged to provide the information and grant access to the documents that PMP requires to implement the rights conferred on it by this Supplier Code of Conduct. The obligation also extends to information about affiliated companies and subcontractors, insofar as the company has the information available or is in a position to obtain the requested information due to existing legal connections.

Any breach by a supplier of the provisions of this Supplier Code of Conduct shall be considered a breach of material contractual obligations and shall give PMP the right, but not the obligation, to take appropriate action (e.g. audit with cost consequences, termination of the business relationship, termination of the contract, etc.).

Suppliers undertake to ensure that their employees comply with the provisions of this Supplier Code of Conduct and take all necessary precautions to implement the requirements.

PMP’s suppliers are also required to oblige their subcontractors to comply with and implement the requirements of this Supplier Code of Conduct.