Ethos Impact Inc. (including its subsidiaries, “Ethos”) is committed to acting in accordance with its core values and expects its suppliers to exhibit a commitment to similar standards. As a socially and environmentally responsible corporate entity, Ethos recognizes the importance of working with its suppliers and their impact on Ethos' performance and success.
This Code of Conduct was last updated in February 2021 and:
Summarizes Ethos' principles for sourcing goods and services via third party suppliers or vendors (hereinafter “Suppliers”); and
Defines the conduct Ethos expects from its Suppliers.
The Code of Conduct sets out Ethos' values and expectations, including our sourcing principles, as well as the labor, human rights, environmental, and legal compliance principles we expect our Suppliers to uphold.
Ethos expects its Suppliers to live up to both the letter and the spirit of this Code of Conduct. Ethos may request, and Suppliers shall promptly furnish to Ethos, a self-assessment as to the Supplier's adherence to the standards and principles of this code. Supplier compliance with this Code of Conduct may also be subject to audit by Ethos.
Ethos conducts business worldwide, managing Ethos' Supplier relationships, including those involving financial market data, technology hardware, software applications, technology services, travel-related services, consultancy and other services. Ethos provides this Code of Conduct to new Suppliers, in connection with the contracting and onboarding process, as well as an updated version on an annual basis for each Supplier.
This Code of Conduct must be read in conjunction with applicable law and relevant contractual arrangements. Suppliers must comply with all applicable laws, regulations and industry standards where each such Supplier is located and conducts business. In addition, Ethos expects its Suppliers to comply with applicable United Nations Conventions. Suppliers have a duty to protect and safeguard confidential (including personal) information and to take precautions before sharing with anyone. All Suppliers shall respect all intellectual property rights of Ethos and third parties. If compliance with any provision of this Code of Conduct would result in a legal or regulatory violation, Suppliers must follow the law or rule. Where the Code of Conduct and a Supplier agreement conflict, the Supplier agreement prevails.
Supplier evaluation and selection procedures include an assessment of Supplier’s business practices and corporate values, including the following reviews:
Where appropriate, Ethos may invite Suppliers to participate in a competitive bidding process. Ethos expects Suppliers to agree to Ethos’s form of standard contractual documentation but may elect in its sole discretion to adopt part or all of specific Suppliers’ agreements.
Ethos is committed to the protection of human rights globally and to providing a fair and ethical workplace. We respect the standards embodied in the United Nations Universal Declaration of Human Rights (“UDHR”) and the International Labor Organization conventions. Specifically, Ethos is strongly opposed to slavery and human trafficking and will not knowingly support or conduct business with any organization involved in such activities. Ethos expects its Suppliers to act in accordance with the following principles:
1. The Minimum Age Convention, 1973 (No.138) set by International Labor Standards on Child Labor sets the general minimum age for admission to employment or work at 15 years (13 for light work) and the minimum age for hazardous work at 18 (16 under certain conditions). It provides for the possibility of initially setting the general minimum age at 14 (12 for light work) where the economy and educational facilities are insufficiently developed. Suppliers employing children of school age must offer the children compensating programs, including education and financial support in co-operation with the child and its family or next of kin.
Ethos is committed to protecting the environment and expects its Suppliers to implement appropriate standards to do likewise. Ethos reserves the right to actively engage with its Suppliers to improve their environmental and sustainability performance. Ethos expects Suppliers to meet or exceed the below set of principles:
The highest standards of ethics and integrity are to be adhered to by its Suppliers in all dealings with Ethos. Ethos also expects its Suppliers to have zero-tolerance for corruption and comply with all United Nations Conventions and applicable laws against corruption. Suppliers may not:
The terms “bribe” and “facilitation payment” are broadly defined and includes anything of value, such as a payment, gift or benefit of any kind, offered or given with the purpose of influencing a decision or action.
This Code of Conduct is not and should not be interpreted to circumvent or undermine laws, rules or regulations. This Code of Conduct establishes minimum standards, which Ethos expects Suppliers to meet or exceed. Ethos will not accept any attempt to use this Code of Conduct's requirements to lower existing or future standards that apply to Ethos or that we have implemented. Failure to meet these principles and standards may be cause for termination of a relationship or agreement with a Supplier.