Code of Conduct

This code of conduct has been approved by the Board of Directors of Uponor Corporation. It is applicable to all Uponor Group employees, officers, and directors (henceforth referred to as 'Employees'). Uponor's vision, core purpose, and values are embedded in this code of conduct.

Ethics, laws, and regulations

Uponor will strive, through ethical and legal means, for long-term growth by bringing genuine added value to its customers and being rewarded for it. Employees shall follow the highest ethical standards in the conduct of Uponor's business. In their conduct of business, Employees shall in all respects act professionally, honestly, and with the highest standards of integrity.

Uponor Group and Employees shall comply with the spirit as well as the letter of applicable international and national laws. Among these are antitrust laws and regulations promoting fair competition; governing publicly traded securities; addressing corporate governance; safeguarding against bribery and corruption; and dealing with product safety and labor laws.

Conflicts of interest, gifts, and bribes

Employees must avoid any conflict between their own personal interests and the interests of the Uponor Group. This includes, but is not limited to, giving or receiving of personal gifts or hospitality by Uponor stakeholders , other than reasonable gifts or hospitality in the ordinary course of Uponor business and as acceptable under applicable laws.

Uponor confidential information

Uponor trade secrets and proprietary information are valuable business assets and thus need to be used and protected well. In particular, trade secrets and other information must be protected through ensuring of their confidentiality and, where appropriate, seeking of additional protection through registration of intellectual property rights.

Employees who receive or learn of confidential business information or trade secrets of Uponor or others may not, for other than Uponor business purposes, disclose said information to third parties (including friends and family members). They shall keep relevant information confidential even if there is no formal secrecy obligation.

The environment

Uponor aspires to sustainably harmonize the interests of people, the environment, and the economy. We care for each other's welfare and that of future generations.

Politics

Uponor does not participate in politics and does not give support financially or otherwise to political parties or groups. Employees participating in political activities shall do so as private persons only and not as representatives of Uponor.

Employees

Uponor is a responsible employer and supports equal opportunity for its employees. No discrimination based on race, color, nationality, age, religion, gender, sexual orientation, or other factors irrelevant to work performance is allowed at Uponor. Uponor strives to provide fair compensation as well as a safe and healthy workplace for Employees.

Customers and suppliers

In its work, Uponor is determined to help our customers to be successful, as achieving this will lead to Uponor's success. Uponor strives for satisfaction and good faith in all agreements, high product quality, fair pricing, and excellent after-sales service. Uponor will treat all of its stakeholders with the same mindset as that with which we approach our customers.

Implementation

Any questions about this code of conduct shall be addressed to the General Counsel of Uponor Group, and any suspected violations of the code of conduct shall be reported to one's superiors and/or the General Counsel, local or Group HR and/or the internal auditor (whose contact information can be found from Group Intranet) and shall be duly handled by the management. Any suspected violation shall be investigated and resolved in full confidence.

Acts inconsistent with this code must be promptly corrected and are subject to disciplinary action up to and including termination of employment. Uponor will ensure that there are no adverse work-related consequences as a result of an Employee making complaints of violation of this code.

 

1 The term 'stakeholder' refers to employees, customers, suppliers, shareholders, governmental and non-governmental organizations, and other parties that have influence over or are influenced by Uponor.