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OUR CODE OF CONDUCT

Culthread believes in responsible social and ethical behaviour and has a responsibility to the employees serving the company worldwide. Culthread and its employees have an obligation to all stakeholders to observe high standards of integrity and fair dealing.

 

Workers’ Rights, Human Rights & Consumer Interests - Culthread recognises the rights of every child to be protected from economic exploitation and from doing work that is likely to be hazardous to their physical, mental or spiritual health, harmful to their moral or social development, or to interfere with their education. A child in this context is a person younger than 18 years of age. We do not employ any children under 18 whatsoever. Culthread does not employ nor accept any form of forced or bonded labour, prisoners or illegal workers. Culthread employees have the freedom to join or establish an association of free choice, to organise and to bargain collectively and individually. No employee will risk being harassed or retaliated against for exercising these rights.

Workers’ contracts, working hours and compensation - Culthread complies with local laws and regulations regarding workers’ contracts, working hours, including overtime and overtime compensation. Salaries should be paid regularly and comply with the applicable local legislation and the local market situation. Employees are entitled to a minimum of one day off in seven and to take national and local holidays. Employees will be granted the stipulated annual leave, sick leave and maternity/paternity leave without any negative repercussions.

Diversity and gender balance  - Culthread values and promotes diversity all the way through the organisation worldwide.

Discrimination, harassment and equal opportunities - Culthread provides a work environment where everybody should be treated with respect and dignity and be given fair and equal opportunities for development. Therefore culthread does not tolerate any form of discrimination or harassment in the workplace due to race, ethnicity, sexual orientation, gender, religion, age, disability, political opinion, nationality or any other potentially discriminatory factor.

Employee privacy  - Culthread does not monitor telephone calls, unless for specific reasons such as training. Any case of monitoring has to be agreed upon in advance between the employee and the company. Employment and medical records are kept confidential. Employees’ medical records are kept separately from all other employee records in locked cabinets or the equivalent. Employment records will not be released to any person unless required by law or with the written consent of the employee concerned.

Environment and sustainability  - Culthread will always meet legal requirements and continuously seek ways to reduce the consumption of resources, prevent pollution and improve the overall environmental impact of its operations and products along the value chain. Culthread encourages the development and diffusion of environmentally friendly technologies. All employees are expected to support and take responsibility for culthread’s environmental performance.

Work environment - Culthread is committed to providing a safe working environment and reducing risks that can cause accidents or impair the health and wellbeing of its employees. This includes for example that chemicals are marked and handled in a safe way, work areas are kept clean and free from pollution and that instructions regarding the use of personal protection and work equipment are adhered to.  First aid equipment must be available at appropriate locations. A doctor or nurse will be contacted if necessary in the event of an accident on the premises. The company will cover the costs of medical care for injuries incurred on its premises if they are not covered by social security or insurance provided safety rules have not been violated.

Building and fire safety - Hazardous material and equipment should be stored according to applicable rules and policy. There should be clearly marked emergency exits. Exits must not be blocked and should be well lit. All employees should receive information about the safety arrangements such as emergency exits, fire extinguishers, first aid equipment, etc. An evacuation plan should be displayed on each floor of a building. The fire alarm should be tested and evacuation drills carried out on a regular basis.

Business Ethics - Culthread respects the laws and regulations related to business ethics of the countries in which it operates and requires that suppliers and partners do the same.

Competition and antitrust legislation - Culthread does not engage in unfair, misleading or inaccurate comparisons, anti-competitive agreements or arrangements. Employees must avoid any kind of anti-competitive agreement or concerted practice, tacit or otherwise, with any of  our competitors or business partners.

Bribery and fraud - Culthread does not accept bribes, facilitation payments or extortion in any form, be it as a giver/initiator or as a receiver. Culthread does not accept fraud in any form.

Entertainment, gifts & donations - Purchasing and sales activities shall be handled with utmost integrity. Therefore neither culthread nor its employees should give or accept any gifts, gratuities or entertainment offers that could influence the employee’s or the customer’s decision making. Small gifts, hospitalities and expenses are very common and natural in business relationships. With careful consideration and at a moderate value this could be acceptable, except whenever such arrangements could improperly affect the outcome of business transactions.