MARKET AND BUSINESS ETHICS

To follow the transparency regulations, FORCIT has started a project focusing on ethics and human rights in the supply chain and will conduct audits of suppliers’ operations in 2023. The report of due diligence and practices around transparency are underway. FORCIT will detail the progress on the company’s web pages. In materiality analysis, customers appreciated the current situation in business ethics in a good level.

Report Of Due Diligence And Transparency

• Quite comprehensive background information is available on long-term suppliers, and also new suppliers have been audited along with different R&D projects or quality matters.

• Suppliers have already been subjected to desktop audits, and in 2023, some suppliers’ production facilities will also be audited at site. The desktop audits have covered topics related to safety, environment, and quality.

• We have not detected any abuses in the audits.

• Notification Channel has been in use since 2021. Zero notifications have been submitted.

• A more detailed analysis of suppliers from the perspective of ethics and transparency has been started.

• Almost all raw material volumes are from European companies and/or produced in Europe. Purchases from Russia have been completely stopped.

• Our procurement activities and the contracts we make comply with FORCIT’s Code of Conduct.

• We will report on these matters annually in FORCIT Group’s sustainability report. For more information, please contact FORCIT Group’s sustainability department, https://forcitgroup.com/ en/contact-information/.