What is the Code of Conduct?

The Code of Conduct is a document approved by the Board of Directors of Group B.V. (PVM Group BV) that contains the principles and commitments undertaken by all the Companies belonging to PERFETTI VAN MELLE GROUP (Group) as a whole and by each one of its employees, both toward the Group and to third parties.

We respect and support internationally recognized human rights guidelines as laid out by the United Nations (UN) Guiding Principles on Business and Human Rights, the Organization for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises, and the International Labor Organization (ILO). In case there is a conflict between these international standards and applicable local laws, we will comply with the laws, yet continue to seek ways in which we can honor these international standards. Realizing that the standards and expectations by which we guide our business activities are essential to human rights, Perfetti Van Melle is also committed to collaborate as appropriate with businesses, governments and civil societies to protect those rights.

The purpose of the Code of Conduct is to state to all PVM employees and other stakeholders of every Operating Company of the Group our commitment to adhering to ethical principles under all circumstances, and in particular to:

• Be Guided by the principles of the UN, OECD, and ILO.
• Comply with the laws and regulations of each Country where the Group operates.
• Be equitable, fair, and polite in relationships with fellow employees.
• Respect the interests of all stakeholders (customers, consumers, business partners, government agencies, authorities, and the external community).
• Play our business role with professionalism and integrity.

The principles contained in the Code of Conduct are the foundation of our corporate policies and inspire the practices, guidelines, and operating procedures adopted by the Group. Whenever more detailed clarifications are needed on how to implement the Group's values and culture in operational practices, specific guidelines will be issued to supplement those already existing.

The Code of Conduct also indicates how to report violations of the Code and the measures to be applied in the event of violations. Perfetti Van Melle has in place a Whistleblowing Policy that encourages all our employees and other stakeholders to report any concerns related to our direct or indirect activities. Our whistleblowing policy is designed to protect the individual and makes it easy for disclosures to be made without fear of retaliation.