Prince International Corporation and its world-wide subsidiaries (collectively, “Prince”) expect suppliers to act with integrity and treat people and the environment with respect. The Prince Supplier Code of Conduct outlines the minimum requirements and expectations for the ethical behavior of all suppliers to Prince. These standards apply to all suppliers of goods and services to Prince, regardless of location. Upon delivery of any good or service to Prince, all suppliers certify that they comply with the policies and standards contained in this Supplier Code of Conduct. Prince reserves the right to immediately discontinue business relationships with suppliers who violate any policy or standards contained in this Supplier Code of Conduct.
All suppliers are expected to maintain the highest standards of honesty and integrity in all business practices in full cooperation with the Prince Supplier Code of Conduct.
Compliance with Laws
All suppliers must fully comply with all applicable national, state and/or local laws, regulations, and ordinances. In addition, suppliers must be fully compliant with their obligations with respect to any applicable agreement, understanding or other binding commitment.
Labor Standards and Human Rights
Prince forbids the use of child and compulsory labor, human trafficking and slavery, unsafe and hazardous working conditions and environments, and any behavior that does not maintain human dignity and respect.
All suppliers shall have a policy to reasonably assure that the tin, tantalum, tungsten and gold in the materials they manufacture do not directly or indirectly finance or benefit armed groups that are perpetrators of serious human rights abuses in the Democratic Republic of the Congo or an adjoining country. All suppliers shall exercise due diligence on the source and chain of custody of these minerals and make its due diligence measures available to Prince upon request. All suppliers are responsible for putting a process in place to communicate these requirements to its suppliers and to monitor supplier compliance with these requirements.
Health & Safety
Suppliers must provide safe and healthy working environments. Suppliers are required to implement policies that prohibit the use of illegal weapons, harassment in the workplace and the illegal use or possession of alcohol, drugs and other controlled substances in the workplace.
Suppliers should operate their facilities in a manner that protects the environment and meets or exceeds applicable laws and regulations. We further stress the need to our suppliers to foster programs that reduce energy consumption and waste in their facilities and we emphasize the importance of creating innovative products and services that improve energy efficiency and reduce environmental harm.
Suppliers must implement hiring practices that prohibit discrimination on the basis of age, culture and language, disability, ethnicity, gender identity, marital or family status, national origin, race or color, religious beliefs, sex, sexual orientation, or any other characteristic protected by law. These principles extend to all employment decisions, including recruiting, hiring, training, promotions, compensation, benefits, transfers and workforce reductions.
Conflicts of Interest
Suppliers must avoid all transactions or relationships that are or appear to be conflicts of interest.
Suppliers must comply with all laws and regulations forbidding payment of money, products, gifts or services, directly or indirectly, to any individuals or entities in order to corruptly induce favorable business treatment or to corruptly affect governmental decisions. Any bribe or improper payment, whether or not it directly or indirectly benefits Prince, is prohibited. Bribes include: cash, kickbacks or kickback schemes, unexplained rebates, payments for advertising or other disguised allowances or expenses. In addition, all suppliers are required to fully comply with all applicable anti-corruption laws including, without limitation, the U.S. Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act.
Freedom of Association and Collective Bargaining
Suppliers must respect the rights of workers to lawfully form or join trade unions of their choosing and to bargain collectively.
Prince will not do business with any supplier if any of its officers, directors, or employees is, or becomes, excluded from, debarred by, or ineligible to participate in any governmental contracting program.
All Prince suppliers are expected to respect Prince’s proprietary and confidential information and must maintain policies that enforce strict compliance with the confidentiality of such information.
Prince employees and suppliers may report any ethics concerns on the Prince Ethics Hotline at www.princecorp.ethicspoint.com. Reports to the hotline are anonymous if requested. Prince tolerates no form of retaliation against employees or suppliers who report concerns.