Businesspartner
code ofconduct

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Delivering excellence ineverything we do
Message from Lara Boro, chief executive

We champion progress by enabling people and organisations to understandand navigate the most critical challenges facing them, and the world. That’s
the “red thread” that connects everyone at The Economist Group, driving
progress for our stakeholders.
Our Business Partner Code of Conduct sets out the behaviours, practices
and standards we expect to see demonstrated, all of which are based on
The Economist Group’s global code of business conduct and ethics, ourguiding principles and our values—independence, integrity, excellence,inclusivity and openness.
By supporting this commitment, you, as our business partners, can ensurethat together we are able to keep these promises and drive sustainablegrowth together.
We value and thank you for your partnership.
With best wishes,
Lara Boro
Chief executive2

Introduction
This Business Partner Code of Conduct (the Code) covers a wide rangeof business practices and procedures and is used to guide all business
partners, including suppliers, contractors, agents and any other partners or
subcontractors engaged with The Economist Group (our Business Partners).
It reflects and should be read in conjunction with our Values and our Guiding
Principles. All Business Partners must conduct themselves accordingly andavoid improper behaviour. If a law conflicts with a policy in this Code, youmust comply with the law; please inform us immediately should you becomeaware of such a conflict.
If you have any questions about the Code or how to handle a conflict, you
should ask your contact at The Economist Group. If you are in a situation
which you believe may violate or lead to a violation of this Code, please
follow the guidelines described in the “Raising Issues” section of this Code.
Compliance and monitoring
The Economist Group reserves the right to check compliance with this Code.
Where there are serious violations, or where Business Partners are notwilling to address violations or where the Code is repeatedly breached, The
Economist Group reserves the right to terminate the business relationship.
We expect all our Business Partners to follow the principles set out in thisCode, and communicate them to any team or individual working with The
Economist Group.

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Working with The Economist Group
Compliance with laws, rules and regulations
As an international company, we conduct business in many different
markets around the world. Obeying the law, both in letter and in spirit, isthe foundation on which the Group’s ethical standards are built. All Business
Partners must respect and obey all applicable laws within the countries inwhich they operate. We do not tolerate any act that violates the law.
Sanctions
All Business Partners must comply with all trade, economic and financial
sanctions laws and regulations, both as part of the work and activities thatthey conduct for the Group and its general operations. The Group does notengage with any Business Partners that are, or are likely to be, subject to suchsanctions laws. We expect all Business Partners to have adequate systems
and procedures in place to identify, monitor and implement these sanctions
requirements, including in respect of any sub-contractors that a Business
Partner uses.
Competition and fair dealing
At The Economist Group we are committed to independence, integrity
and delivering excellence in everything we do. We seek to outperform ourcompetition fairly and honestly. We seek competitive advantages throughsuperior performance, never through unethical or illegal business practices.
Although we seek information about our competitors, stealing proprietary
information, possessing trade secret information that was obtained without
the owner’s consent, or inducing such disclosures by past or present
colleagues of other companies is prohibited. No Business Partner shouldtake unfair advantage of anyone through manipulation, concealment, abuseof privileged information, misrepresentation of material facts, or any otherintentional unfair-dealing practice.

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Anti-bribery policy
In all activities Business Partners should conduct business legally and with
common decency. We expect all Business Partners to follow all laws andregulatory requirements regarding bribery and corruption. Suppliers must
not engage in any form of corruption, such as bribery, kickbacks, facilitation
payments and extortion. This expectation applies to all our Business
Partners regardless of location and regardless of how acceptable any formof inducement is in a particular place. Suppliers may not conduct businessfor The Economist Group that isn’t compliant with the Bribery Act 2010, theForeign Corrupt Practices Act (FCPA), or any equivalent local regulation.
Conflicts of interest
A “conflict of interest” exists when a person’s private interest interferes in any
way with the interests of The Economist Group. In order to conduct businessin an honest and transparent way, all Business Partners must conductbusiness free from conflicts of interest or mitigate appropriately any suchconflicts if they arise. Any potential conflict of interest should be declaredwith an appropriate contact at The Economist Group.
Modern slavery and human trafficking
Our organisation is fully committed to preventing slavery and humantrafficking in its activities and to ensuring that its supply chains are likewise
free from slavery and human trafficking. The use of child labour and otherforms of Modern Slavery by Business Partners is strictly prohibited. Therefore
all Business Partners are required to put in place reasonable measures aimed
at ensuring that there is no slavery or human trafficking in its own businessand its supply chains.
See our Modern Slavery Statement, to understand the steps taken by The
Economist Group to prevent slavery and human trafficking.

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Health and safety
We expect our Business Partners to take personal and collective responsibility
to follow The Economist Group’s Health and Safety guidelines. All Business
Partners must establish and maintain a safe working environment,
providing appropriate health and safety training, safe work and personal
protective equipment for workers, in compliance with all applicable laws andregulations. Business Partners must comply with the local health, safety andsecurity processes in place when operating in or visiting any of The Economist
Group’s offices, events or external locations, as part of their work with us.
Record keeping
We expect our Business Partners to be recording clear, accurate and honest
information in all records they produce, such as contracts, expense reports,
time worked and time off, financial statements, and public disclosure
documents. All arrangements with The Economist Group should be in writing.
The document should be accurate and clearly describe all information, results
required, commissions or fees to be paid, how these are to be paid, thelength of the agreement, and the commitment to comply with all laws andregulations. We expect all our Business Partners to be honest in their dealings
with the Group and never knowingly provide false information.

Our People, communities and environment
Climate and the environment
All Business Partners must comply with applicable environmental laws,regulations and standards as well as be able to demonstrate they are working
towards an effective system to identify and eliminate potential hazards tothe climate and environment. We expect our Business Partners to support
The Economist Group’s environmental targets through the products andservices they deliver, for example, by measuring and providing relevant dataon greenhouse gas emissions and environmental impact. In this regard, we
also expect our suppliers to take climate protection into account in their own
operations, for example by setting emissions reduction and environmental
protection targets, and striving to achieve them.

6Charitable giving
We make an active contribution to local charities by charitable trust.
We encourage our Business Partners to participate in charitable andcommunity activities.
Equal opportunities and harassment
As a Group, we hold ourselves accountable to champion a culture that fosters
diversity, equity and inclusion, and are committed to equality of opportunity
in all practices and policies. We do not discriminate against people based onage, sex, sexual orientation, gender reassignment, marital or civil partnershipstatus, race, religion or belief, pregnancy and maternity, or disability. We
expect our Business Partners to uphold similar high standards.

Information security and data protection
Information security
The Economist Group is committed to protecting information entrusted
to it, as well as physical and IT assets, through the development andimplementation of information security controls. Third Parties shall use
security controls that meet The Economist Group’s requirements to maintainand protect information, including physical and electronic assets, obtained
from The Economist Group, The Economist Group’s clients and other thirdparties. In addition, we require notification of any potential incident thatinvolves The Economist Group customer data (whether internally or througha partner or Supplier) as soon as possible.
Confidentiality
All Business Partners are required to strictly maintain the confidentiality of theGroup’s commercial, strategic and other information, including information in
respect of our structure and organisation, products, performance, customers,users, clients and colleagues. Disclosure of any of this information must only
be made in accordance with a Business Partner’s contractual obligations withThe Economist Group and Business Partners must inform the Group as soon
as possible of any breach or loss of such information.

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Data privacy
The Group collects, holds and uses the personal data of our subscribers,users, customers, clients and other groups in order to provide our products
and services and the Group carries out this in a manner that maintains thehigh standards of trust that those individuals and groups place in the Group inaccordance with our brand and history.
All Business Partners that will hold, handle or otherwise possess or receive
personal data as part of their work and activities with the Group must comply
with all applicable data privacy and data protection laws including, but notlimited to, GDPR, in the work and activities that they conduct for the Group.
Prior to being engaged, Business Partners should undertake a data privacy
assessment in accordance with our procurement procedures to demonstratethat they have adequate systems and procedures in place to meet ouronboarding requirements and Business Partner must continue to meet any
future requirements as part of period data privacy assessments that theGroup conducts.

Raising concerns
Reporting any illegal or unethical behaviour
The Economist Group is committed to the highest standards of openness,honesty, accountability and corporate governance. If an individual discovers
information which they believe shows malpractice within the organisation
then this information should be disclosed. Lighthouse is an external,
confidential service to give you the opportunity to raise concerns, whatever
they may be. Lighthouse can be reached by phone using the numbers foundin local handbooks, or by email on: TellEconomistGroup@GetInTouch.com.
In the case of voice messages, an anonymised transcript of your message willbe sent to us. No one at the company will hear your voice and your call will beanonymous. In the case of email messages, unless you indicate otherwise, yourname and email address will be removed from the message before it is sent
to us. Website: you can also submit your concern anonymously via: Syntrio:
Illuminating Corporate Integrity. Be assured that you will suffer no detriment if,
having reported in the public interest and on the basis of reasonable grounds,
a subsequent investigation proves that no malpractice has been committed.

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