Sustainable conduct forms the basis of our business decisions and dealings with our stakeholders. The Siemens Energy “Business Conduct Guidelines” provide the ethical and legal framework in which we strive to conduct successful activities. Adherence to applicable laws and internal policies is an essential part of our integrity, and fundamental to our business.

In order to also ensure Sustainability in our Supply Chain, we have established the “Code of Conduct”. The “Siemens Energy Code of Conduct for Siemens Energy Suppliers and Third Party Intermediaries” is based on – among others – the UN Global Compact and the principles of the International Labor Organization. We contractually commit our suppliers to the "Code of Conduct” and also expect them to promote the standards contained therein to their suppliers.

One of the topics dealt with in the Code of Conduct is the responsible sourcing of minerals.

This topic is also addressed in the OECD Due Diligence Guidance for Responsible Chains of Minerals from Conflict-
Affected and High-Risk Areas (“OECD Due Diligence Guidance”), as well as various national and international provisions, for example in the USA and in the European Union.

Siemens Energy exercises its responsibility within the supply chain. Siemens Energy, like many other companies, is aware of the difficult situation that products and components purchased from suppliers may contain minerals originating from conflict-affected countries.

We have rolled out a uniform and enterprise-wide process to determine the use, source and origin of certain minerals in our supply chain. We work closely with our direct suppliers to support us in carrying out these steps. Where necessary, we work with suppliers in order to remediate risks and perform additional due diligence so that we can continue to source responsibly, building on established management processes.