At Fastbolt Corp., including its subsidiaries (‘Fastbolt’), we are committed to operational excellence, ethical and responsible conduct, fair and respectful treatment of all individuals, and practices that promote safety, health and environmental protection. We expect the Suppliers who do business with us to share these commitments, and we strongly encourage each Supplier to meet the following standards in all activities that relate to our Company. We will evaluate Suppliers’ compliance with these standards in determining whether to grant or continue their qualified status. Suppliers that do not comply with the following ‘Code of Conduct’ may be disqualified from qualified status and/or have their business relationship with Fastbolt terminated.
Compensation. Supplier must comply with all applicable wage and hour laws and regulations – including those relating to minimum wages, overtime, and other elements of compensation – and will provide all legally mandated benefits.
Hours of Work. Supplier will maintain work hours in compliance with all applicable wage and hour laws and regulations. Supplier will not require employees to work more than any limits on regular and overtime hours allowed by any applicable local law.
Forced / Prison Labor. Supplier will not use forced or involuntary labor, including prison labor, bonded labor, indentured labor, or any other type of labor associated with human trafficking or abuse.
Child Labor. Supplier will not use child labor. “Child” is any person who is either (1) younger than 16, or (2) younger than the minimum age required for the employment under applicable law. Supplier will comply with all applicable laws and regulations regarding the employment of minors.
Coercion and Harassment. Supplier will treat each employee with dignity and respect, and will not engage in or permit corporal punishment, threats of violence, or other forms of harassment whether based on race, color, sex, sexual orientation, gender identity, national origin, religion, disability, age, or any other legally protected characteristic.
Discrimination. Supplier will not discriminate in hiring practices or any other condition of work on the basis of race, sex, sexual orientation, gender identity, color, age, national origin, physical or mental disability, religion, status as a disabled veteran, or other legally protected characteristics.
Workplace Safety and Emergency Planning. Supplier will provide a safe and healthful workplace for employees by endeavoring to meet or exceed international safety standards. Supplier must have procedures in place for handling emergencies such as fire, spills, and natural disasters.
Environmental Protection. Supplier will comply fully with all applicable environmental laws, and seek ways to conserve natural resources and energy, reduce waste and the use of hazardous substances, and minimize any adverse effects on the environment.
Compliance with Applicable Laws. Supplier will comply with all laws and regulations applicable to their business, as well as the standards of its industry, including those pertaining to the manufacture, pricing, sale, distribution, labeling, import, and export of merchandise. Without limiting this requirement, Supplier will not: (A) violate, misappropriate or infringe upon the intellectual property rights of Fastbolt or any third party; or (B) engage in any activities that would violate any applicable laws and regulations relating to (1) bribery or illegal payments, (2) laws against unfair competition, (3) unfair and deceptive trade practices, (4) the environment, (5) health and safety, (6) international trade, including exports and imports, (7) data privacy, (8) money laundering, (9) employment, (10) contracting with governmental entities, or (11) medical devices, if applicable.
Commercial Bribery. Supplier will not in any way bribe any officer, director, manager, employee, representative or agent of Fastbolt or any other entity, including without limitation, by offering or giving kickbacks or by offering or giving gifts of more than nominal value.
Accounting Records. Supplier’s accounting records must (1) be kept and presented according to the laws of each applicable jurisdiction, (2) in reasonable detail, accurately and fairly reflect transactions, assets, liabilities, revenues and expenses, and (3) not contain any false or misleading entries.
Conflicts of Interest. Supplier must immediately report to Fastbolt any “conflict of interest” of which they become aware. A “conflict of interest” is any circumstance, transaction or relationship directly or indirectly involving the Supplier in which the private interest of any employee of Fastbolt improperly interferes, or even appears to improperly interfere, with the interests of Fastbolt.
Subcontracting. In addition to any restrictions on the use of subcontractors that are otherwise agreed to between the Supplier and Fastbolt or the applicable subsidiary, Supplier will not use any subcontractor in connection with Fastbolt unless the subcontractor has received a copy and reasonably complies with this Code of Conduct in connection with any activities performed for Fastbolt.
Monitoring and Compliance. Supplier understands that Fastbolt or our designated agents (including third parties) may engage in monitoring activities to assess compliance with this Code of Conduct including on-site inspection of facilities and review of books and records. Neither Fastbolt nor any of its authorized agents assumes any duty to monitor or ensure compliance with this Code of Conduct. The Supplier understands that Supplier is solely responsible for full compliance with this Code of Conduct by its officers, directors, managers, employees, representatives and agents.
Certifications. Supplier understands that Fastbolt or our designated agents or customers are placing reliance on the Supplier Certifications and Monitoring process provided and administered by the Supplier, respectively, as it relates to section 24 of the Supplier Terms & Conditions contained herein.
Management System and Communication. Supplier must establish and maintain processes that are reasonably designed to ensure compliance with, mitigate the risks identified in, and facilitate continuous improvement with respect to this Code of Conduct. Supplier must ensure that this Code of Conduct is adequately communicated to all employees. Supplier should immediately notify Fastbolt upon learning of any known or suspected improper behavior by Supplier or by employees of Fastbolt.