Page 11 - Ethics code ISCAR

C Motivating to Excellence – Good Labor Management
As a multinational group, we encourage ISCAR Members to promote local labor diversity and equal
opportunities, in strict compliance with local labor laws. We believe in motivating our teams for
excellence in their respective duties and in their own individual personal career paths.

We aim to provide our employees with benefits beyond the minimum legal requirements, to ensure
they are motivated to concentrate on their work. Our Human Resources and Safety departments
regularly collaborate to improve internal group policies ensuring a safe “hazard free” and
“harassment free” working environment.

ISCAR encourages the development of collegial, respectful and professional relationships amongst
its employees. ISCAR is committed to prevent cases of favoritism, bullying, abuse, and sexual
harassment. Such cases are treated with zero tolerance. They will be investigated and may result in
disciplinary action as well as legal consequences.

As leaders in the global metalworking industry, ISCAR Group applies the highest recognized
standards, and maintains management systems and programs for health and safety and the
protection of the environment. ISCAR relevant Members have been certified by the prestigious
international certifying organizations, as being in full compliance with the following standards: AS
9100 Rev D, ISO 9001:2015, ISO 14001:2004, ISO 45001:2018 and ISO 50001:2018.

D Relations with our Business Associates
1 Events with Business Associates
As a strategic marketing practice, we launch technical workshops and/or marketing presentation
events (“Events”) for our staff and/or Business Associates. Invitations to such Events should follow
ISCAR guidelines and established practices. Each invitation should be transparent and addressed to
the invitee’s employer. Without derogating from ISCAR guidelines and established practices, written
pre-approval of ISCAR Compliance Officer is required before an invitation may be extended to any
person that is a high-ranking government official, a political candidate, any political party leader, any
political party leader or any officer of a public international organization such as the United Nations or
World Bank or any Royal family member.

Locations, contents, participants and purposes of all Events, which may be viewed as outside reasonable
common industry practice, or which may be designated for any purpose not related to ISCAR’s products
or business, shall require management approval and the approval of ISCAR Compliance Officer.

2 Gifts and Giveaways
ISCAR Members and employees shall neither offer nor accept any gifts, payments, favors,
entertainment or other courtesies (“Courtesy”), whether in kind or otherwise, unless they are of nominal
value and reasonable when considering all relevant circumstances. No Courtesy shall be extended to
induce or otherwise influence the recipient to do or to refrain from doing something in return. Courtesies
should not be extravagant and should not embarrass the giver and/or the recipient and/or any ISCAR
Member, regardless of whether or not they are published. Written pre-approval must be obtained
from ISCAR Compliance Officer before any Courtesy is provided to any person that is a high-ranking
government official, a political candidate, any political party leader or any officer of a public international
organization such as the United Nations or World Bank or any Royal family member.

11