Code of Conduct

Code of Conduct

This Code of Conduct has been approved by the Board of Directors of Uponor Corporation. It is applicable to all Uponor Group (henceforth referred to as “Uponor”) employees, officers and directors (henceforth referred to as “Employees”). Uponor’s vision, core purpose and values are embedded in this Code of Conduct.


Ethics, laws and regulations

Uponor shall strive for long-term business growth by generating genuine added value to its customers. Employees shall always follow ethical and legal standards in the conduct of business. Employees shall act professionally, honestly, and observe the highest standards of integrity.

All Uponor companies and Employees shall comply with the spirit and the letter of applicable international and national laws and regulations wherever Uponor conducts its business. Among these are laws and regulations promoting fair competition; governing publicly traded securities; addressing corporate governance; protection of individual privacy; safeguarding against corruption; and dealing with product safety as well as labour laws. Uponor respects human rights as defined for example in the United Nations Universal Declaration of Human Rights.


Conflicts of interest, gifts and bribes

Employees must avoid any conflict between their own personal interests and the interests of Uponor. This includes, but is not limited to, giving or receiving of personal gifts or hospitality by Uponor stakeholders1, other than reasonable gifts or hospitality in the ordinary course of Uponor’s business and as acceptable under applicable laws. Uponor prohibits all bribery and refrains from participating in any money-laundering.


Uponor confidential information

Uponor’s trade secrets and proprietary information are valuable business assets of Uponor and therefore the use and protection of such are of utmost importance. In particular, trade secrets and other confidential information must be protected by ensuring confidential use of such information and, where appropriate, seeking additional protection through registration of intellectual property rights.

Employees who receive or learn of any confidential business information or trade secrets of Uponor shall keep such information confidential and may not, for other than Uponor’s business purposes, disclose any such information to third parties (including friends and family members).


Environment

Uponor aspires to sustainably harmonise the interests of people, the environment and the economy and to contribute to a more sustainable world. Uponor considers the environmental aspects of its product offering and continuously aims at reducing the overall environmental impact of its business operations as well as promoting sustainability by developing eco-efficient products and services.


Politics

Uponor does not participate in politics and does not support political parties or groups financially or otherwise. Employees participating in political activities shall do so as private persons only and not as representatives of Uponor.


Employees

Uponor is a responsible employer and supports equal opportunities for its employees. No discrimination based on for example race, nationality, age, religion, disability, gender, sexual orientation, union membership or political activity is allowed. Uponor does not allow child or forced labour or engage suppliers that do so. Uponor strives to provide fair compensation as well as a safe and healthy workplace for all Employees.

Customers and Suppliers

Uponor is committed to enable its customers succeed, as this will support Uponor’s own success. Uponor strives for mutual satisfaction and good faith in all its agreements, high quality of products and services offered, fair pricing, and excellent after-sales service. Uponor will treat all its stakeholders with the same mindset as that with which Uponor approaches its own customers. Uponor’s suppliers are expected the meet the same ethical, social, environmental and quality standards as set forth in this Code of Conduct. Uponor expects its suppliers and other business partners to familiarize themselves with this Code of Conduct.


Implementation

Any questions about this Code of Conduct shall be addressed to the General Counsel of Uponor, and any suspected violations of the Code of Conduct shall be reported to one’s superior, the General Counsel, local or Group HR and/or the internal auditor (whose contact information can be found from Group Intranet) and shall be duly handled by the management. Any suspected violation shall be investigated and resolved in full confidence. Employees are encouraged to contact their superior in case of unclear situations.

Actions inconsistent with this Code of Conduct must be promptly corrected and are subject to disciplinary action up to and including termination of employment. Uponor will ensure that there are no adverse work-related consequences as a result of an Employee making complaints of violation of this Code of Conduct.
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1 The term ‘stakeholder’ refers to employees, customers, suppliers, shareholders, governmental and non-governmental organisations, and other parties that have influence over or are influenced by Uponor.
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