SUSTAINABLE BUSINESS PRINCIPLES THE DANTHERM GROUP CODE OF CONDUC T

2 |Copyright Code of Dantherm Conduct Group | 2023

WE SAY WHAT WE DO AND WE DO WHAT WE SAY The set of guidelines comprised in this leaflet is the foundation for our common behaviour and culture within Polar Fox Holding I ApS and its subsidiaries (jointly the “Dantherm Group”). We call it: Sustainable Business Principles – The Dantherm Group Code of Conduct. It contains guidance and requirements related to areas essential to our work, our entire supply chain, our society and how we behave and conduct our business. Being an international and professional corporation, the Dantherm Group is committed to environmental awareness, respect for human...

Our commitment is worldwide The Dantherm Group is a globally operating business. We are committed to acting fairly and honestly in everything we do. Because it is right and because our actions are reflected in our reputation and our reputation in our actions. Being a responsible company, we recognise our duty to contribute to a sustainable development. This includes developing and marketing energy-optimising products and solutions that benefit customers and the environment. At the same time, this ensures that our company operations leave a positive footprint on the surrounding society, all the...

and to keep our commitment and compliance to our sustainable business principles intact and alive. We are role models Our managers are expected to act as role models in the way they conduct their business and lead their organisations, inspiring everyone to understand and adhere to the sustainable business principles. To support and guide the decision-making process when the solution to a dilemma is not trivial, we use the below decision tree to ensure that we remain compliant and responsible. This is a continuous process of interaction between manager and colleague – as well as between colleagues...

We connect through our communication Our communication helps us connect with each other and with our stakeholders. What we say reflects who we are and what we stand for. Our reputation and image are important assets, which we promote and protect through our actions and general behaviour. This means that we make sure to provide complete and accurate information to our stakeholders regarding our business when required. It also means that when we express our personal views, we make it clear that they do not necessarily reflect the views or official position of the Dantherm Group. As a company, we...

WE RESPEC T THE RIGHTS OF PEOPLE AND OUR ENVIRONMENT We recognise individual and collective rights We support and respect the protection of internationally proclaimed human rights, and we respect the freedom of association for all employees. All employees have the right to form, to join or not to join trade unions. We recognise the right to collectively bargaining, and we make sure that we are not complicit in human rights abuses. We respect each employee’s integrity and freedom of speech. We support the introduction and upholding of minimum wages and offer adequate wages that – as a minimum...

We play with our cards face up We follow official procedures The Dantherm Group is committed to free and fair competition, and we support the antitrust and competition laws that exist in the countries in which we operate. Playing with our cards face up, we do not engage in any kind of price fixing, cartel formation or abuse of market dominance. Adhering to official public procedures by not using facilitation payments, we also support the notion that a company is legally responsible for any such payments made or sought by its employees. Facilitation payments are small cash payments intended to...

We enforce our Code of Conduct Dantherm Group employees have a duty to act promptly if they note a violation of the law, this Code of Conduct or other Dantherm Group policies. Normally, it suffices to talk to the nearest manager or to consult another senior manager. In more sensitive or graver cases, employees can report anonymously and confidentially through Dantherm’s Whistleblowing System which goes directly to the Compliance Officer. The same applies to any (potential) violation by partners or their subcontractors and suppliers; if an employee or manager becomes aware of this, we encourage...

DENMARK Dantherm Denmark A/S DK-7800 Skive +45 96 14 37 00 [email protected] UNITED KINGDOM Dantherm Group Ltd Maldon CM9 4XD +44 (0)1621 856611 [email protected] ITALY Dantherm Group S.p.A. 37010 Pastrengo (VR) +39 045 6770533 [email protected] SWITZERLAND Dantherm Group AG CH-5405 Baden Dättwil +41 43 500 00 50 [email protected] SPAIN Dantherm Group SP SAU 28108 Alcobendas, Madrid +34 91 661 45 00 POLAND Dantherm Group Sp. z o.o. 62-023 Gądki +48 61 65 44 000 [email protected] NORWAY Dantherm Group AS 3138 Skallestad +47 33 35 16 00 [email protected]...