Code of Conduct

As far as any relevant laws allow, all employees are free to form and to join or not to join trade unions or similar external representative organizations and to bargain collectively.

Forced, bonded or compulsory labour is not used and employees are free to leave their employment after reasonable notice as required by national law or contract. Employees are not required to lodge deposits of money or identity papers with their employer.

Employees understand their employment conditions. Pay and terms are fair and reasonable and comply at a minimum with national laws or industry standards whichever is higher. Working hours comply with national laws and are not excessive.

No person is employed who is below the minimum legal age for employment. Minimum age is the age of completion of compulsory schooling, or not less than 15 years (or not less than 14 years, in countries where educational facilities are insufficiently developed) as set out in Article 2.4 in the ILO Convention No.138 on Minimum Age. Children are not employed for any hazardous work, or work that is inconsistent with the child's personal development. A child means a person below the age of 18 years, as defined in Article 1 of the United Nations Convention on the Rights of the Child. Personal development includes a child's health or physical, mental, spiritual, moral or social development as described in the Article 32 of the United Nations Convention on the Rights of the Child.

Where a child is employed, the best interests of the child shall be the primary consideration. Policies and programs that assist any child found to be performing child labour are contributed to, supported or developed.

Employees are treated with respect and dignity. Corporal punishment, physical or verbal abuse or other unlawful harassment and any threats or other forms of intimidation are prohibited. All kinds of discrimination based on partiality or prejudice is prohibited such as discrimination based on race, color, sex, sexual orientation, marital status, pregnancy, parental status, religion, political opinion, nationality, ethnic background social origin, social status, indigenous status, disability, age union membership and any other characteristic protected by local law, as applicable.

Employees with the same qualifications, experience and performance receive equal pay for equal work with respect to their relevant comparators.

A healthy and safe working environment and if applicable, housing facilities, are provided for employees, in accordance with international standards and national laws. Appropriate health and safety information and training is provided to employees. Safety includes e.g. clearly marked and unblocked exits, emergency exits and evacuation plans on each door, regularly tested fire alarm and evacuation drills first aid equipment, safe and correct handling, marking and labeling of chemicals, machinery and work processes.

The workplace, and if applicable, housing facilities, has tolerable temperature and noise level, adequate ventilation, sufficient lighting, clean toilet facilities, drinkable water and if applicable, sanitary facilities for food storage.

Finite resources are used responsibly and carefully. Operational practices that reduce any environmental burden associated with our activities are promoted. Innovative developments in products and services that offer environmental and social benefits are supported.

No form of extortion and bribery, including improper offers for payments to or from employees, or organizations, is tolerated.

* The Skipper Code of Conduct is based on the United Nation Global Compact's ten principles derived from The Universal Declaration of Human Rights, the International Labour Organization's Declaration of Fundamental Principles and Rights at Work, the Rio Declaration on Environment and Development and the United Nations Convention against Corruption. www.unglobalcompact.org

The Code of Conduct is applicable to all Skipper operations and to any party that contributes to Skipper products, services and other business activities ("Supplier").

Skipper requires the supplier and its subcontractors to comply with the Code of Conduct which may request higher standards than required by national laws. Upon request, a supplier must, by way of providing information and/or allowing access to premises to Skipper or its representative, verify to Skipper's reasonable satisfaction, that the supplier and its subcontractors comply with the Code of Conduct.

It is the supplier's obligation to inform whether its employees and subcontractors are informed about and comply with the Code of Conduct.