RequireThird-Party Integrity 05 S ER N T PAR D AN RS E M O T CUS H T WI T S U TR Ourrelationships with third parties, such as customers, business partners, distributors, suppliers, subcontractors, or business agents are built on integrity and trust. Weexpectthirdparties to manage ethics and compliance risks according to their level of exposure, abiding with anti-corruption and export control laws and regulations, and in respect of international human and labor rights, such as eliminating forced labor, child labor and discrimination. We ensure that our business is not used to launder money from criminal activities. • Only approve third parties following internal ethics and • Enter into a third-party relationship without defining the compliance due diligence according to our Chart of scope of work Approval and the appropriate monitoring of the related risks • Allow third parties to give bribes or make questionable through training, audits or certification paymentsonourbehalf • Ensure third-party contractual provisions are adapted to any • Useorpaybusinessagents unless approved as per the identified risks Business Agents policy • Enforce our Supplier’s Code of Conduct • Payathird-party without following the contractual payment • Ensure third-parties’ scope of work is contractually defined, terms, an invoice or prior approval according to our Chart their performance effective, and payment proportionate to of Approval industry and local standards • Ensure that payments to third parties, especially business agents, are accurate and auditable • Ensurethat our activities are not used for money laundering • Closely monitor our third party relationships and business requirements, with specific metrics
Schneider Electric's Trust Charter Flipbook Page 16 Page 18