Code of Conduct

C O DE O F C O N DUC T

Stala has always strived to be not only a leading company in its field, but also an ethical and responsible actor in society. Our ethical guidelines reflect our company’s values, which are social, inspired, honest and innovative. These values​​ guide our daily work, our decision-making and the way we treat each other and our partners.

Social. At Stala, we strongly believe in the power of people and caring. The foundation of our success is built on trust, respect and openness. We are committed to creating a work environment where every employee feels valued and listened to. Our goal is to promote the well-being of the community, and to take responsibility for social issues as well.

Inspired. We are passionate about our work and how we can constantly improve and develop ourselves and our products. We encourage creativity, innovation and bringing up new ideas. With enthusiasm and a positive attitude surrounding us we can create an inspiring work environment where everyone can achieve their best.

Honesty. At Stala, we value transparency and honesty in all we do. We believe in direct and clear communication between all stakeholders. We want to be responsible and transparent business partner with whom it is easy to cooperate.

Candor is also part of our organizational culture, where constructive feedback and open discussion are valued.

Innovative. We understand that the world around us is constantly changing, and we need to stay up-to-date and adapt to new challenges. We are committed to continuous learning, development and innovation. We strive to be a pioneer in our field and create sustainable and responsible solutions. By renewing, we ensure our long-term success and our ability to meet our customers’ needs.

Together, these values ​​form the basis of Stala’s ethical guidelines. Each of us is responsible for implementing these guidelines in our daily work and interactions.

When we act in accordance with our values, we build a strong foundation for trust, sustainable growth and success.

Thank you for being part of the Stala family and committing to these values.

Together we can achieve great things and be an example of ethical and responsible company.

- Pasi Härkönen, CEO

CEO’S FOREWORD

Dear member of the Stala family,

FINANCIAL RESPONSIBILITY

SOCIAL RESPONSIBILITY

ENVIRONMENTAL RESPONSIBILITY

CODE OF CONDUCT

• We prohibit accepting or offering extravagant bribes to persons who can influence on decisions.

• Every employee has the obligation to inform his supervisor or a member of the excutive board, if bribes are offered or attempted.

CONFLICTS OF INTEREST • Our employees have an obligation to declare their conflicts of interest, which may affect their ability to act objectively.

CORRUPTION, MONEY LAUNDERING AND FINANCING TERRORISM • At Stala, any activity promoting corruption is prohibited.

• We do not accept money laundering in any form.

• We prohibit financing or supporting terrorism in all its forms.

GOOD GOVERNANCE • Transparent decision-making stems from Stala’s values, so we encourage for open communication in the organization.

• We all have an obligation to comply with applicable laws and regulations and ethical standards in business.

PROTECTION OF THE COMPANY’S TRADE SECRETS, IPR RIGHTS AND INFORMATION • Information and data are the key assets of our company. All our employees and our business partners are obliged to protect Stala´s and its business partners’ information. We respect our partners data, and do not pass it on to third parties without business functional basis.

• We respect the IPR rights of others and do not infringe them with our own activities.

COMPETITORS AND COOPERATION WITH STAKEHOLDERS • We respect our competitors and do not engage in unfair practices that may damage their reputation.

• We respect all relevant competition laws. We do not agree on harmful practices among our competitors, such as on price, market shares or make sales quota agreements with our competitors.

• We want to listen to our stakeholders, and add value by cooperating throughout our supply chain and between our stakeholders.

FINANCIAL RESPONSIBILITY

BRIBES AND BRIBERY

• We respect the basic rights of all people and promote realization of human rights in all our activities.

• We fight against discrimination, inequality and exploitation in all its forms.

• We comply with international human rights standards and local laws in protection of human rights.

• We do not accept the use of child labor or forced labor in any form.

PARITY AND EQUALITY • We treat all employees and partners equally and fairly without discrimination.

• We promote equality and enable equal opportunities to everyone in our work community.

• We actively combat against gender, ethnic background, religion, disability or sexual orientation based discrimination.

OCCUPATIONAL HEALTH AND SAFETY • We offer a safe and healthy work environment for all employees and we strive to prevent work accidents and occupational diseases.

• We comply with all relevant occupational health and safety laws and we set high standards for occupational safety and health.

• We provide the necessary training and resources for promoting employee health and safety.

PERSONNEL WELL-BEING AND FAIR TREATMENT • We encourage the professional and personal development of the personnel and we offer opportunities for continuous learning and growth.

• At Stala, we respect each other, the rights of our employees and well-being, and we offer good working conditions. In addition, we encourage to the balance of work life and leisure time.

• We actively listen to our employees and create an open communication culture where everyone can express their views and concerns.

COMMUNITY DEVELOPMENT AND CHARITY • We invest in social development work by participating in local sustainable development and educational projects.

• In addition, we participate in charity activities every year.

SOCIAL RESPONSIBILITY

HUMAN RIGHTS

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This code of conduct guides Stala’s operations in every operational area.

The purpose is to ensure that Stala operates in an ethically sustainable way, protecting people, nature and society and promoting ecological development.

• We constantly strive to reduce the environmental impact of our operations and to promote sustainable development in all our business processes.

• We minimize our energy consumption and carbon footprint as much as possible. We follow and promote the use of renewable energy sources. In our factory, we only use renewable wind energy.

• We pay special attention to material recycling and waste reduction.

SUSTAINABLE GROWTH • We encourage sustainable consumption and production so that we can ensure rational use of natural resources and preservation of ecological balance.

• We prefer recyclable materials and strive to as long as possible life cycle in our products and the recyclability of the materials at the end of their service life.

• We constantly develop our products and services to be more environmentally friendly, and we strive to minimize the amount of waste and promote it´s recycling.

COMPLIANCE WITH LEGISLATION • We undertake to comply with all applicable environmental legislation requirements and standards in our operations.

• We act ethically and responsibly in terms of environmental protection, exceeding local legislative requirements where applicable.

• We promote an open dialogue with our stakeholders on environmental issues and we strive to take their views into account in decision-making.

ENVIRONMENTAL AWARENESS • We train and inform our personnel about environmental issues and we encourage them to take environmental aspects into account in their daily work.

• We promote environmental awareness also among our customers and partners by providing information and guidance for making sustainable choices.

ENVIRONMENTAL RESPONSIBILITY

ENVIRONMENTAL EFFECTS

StalaOy

Stala Oy Yrittäjänkatu 4 15170 Lahti FINLAND

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+358 3 882 1133 sink.sales@stala.com stala.com

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Stala Oy