BICO GROUP

CODE OF CONDUCTFor Business Partners

1 | BICO Group Code of Conduct for Business Partners

BICO Group AB (publ), CRN 559050-5052, is the parent company of a groupof companies (the “BICO Group”), which consists of several subsidiaries andis divided into three business areas: The BICO Group consists of thecompanies found on the BICO Group webpage; www.bico.com. Together, theBICO Group provides technology, products and services to create,
understand and master biology which contribute to shaping the future ofhealth.
The whole BICO Group is committed to the Ten Principles of the UnitedNations Global Compact, treating all workers with respect and dignity,ensuring safe working conditions, and conducting environmentallyresponsible, ethical operations.
As a Business Partner (suppliers, distributors, etc) to any company within theBICO Group, you are an essential part of the BICO Group structure andtherefore we expect you and your suppliers to also commit to the following
social, environmental, and ethical responsibilities.

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The BICO Group is committed to supporting the protection of internationallyproclaimed human rights of workers and treating them with respect and dignity.
This applies to all workers, including, but not limited to, temporary, student,
migrant, contract, direct employee, and any other type of worker. Business Partner
shall conduct its business and operations in a way that it is possible to identify,
prevent, mitigate and account for negative human rights impacts throughout its
entire supply chain.
2.1 Modern slavery and forced labor
Our Business Partners are expected to prevent any involvement in any formsof modern slavery and forced labor throughout its supply chain by having
adequate policies, risk assessment and due-diligence processes in place. Allwork should be voluntary on the part of the employee and the supplier as an
employer must provide all employees with a written contract in a language
they understand clearly, indicating all employment terms and conditions.
2.2 Child labor
The Business Partners must ensure that child labor is not used in any
performance of any work. “Child” means any person under the minimum legal
age for employment where the work is performed, and/or the minimum
working age defined by the International Labor Organization (ILO), whicheveris greatest. All workers under the age of 18 shall not be exposed to work that
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is likely to harm their health, physical, mental, social, spiritual, or moral
development.
2.3 Working hours and leave
The BICO Group expects its Business Partners to comply with applicablelaws and ILO standards regulating working hours and leave, maintaining
reasonable working hour schedules for its employees and providing a rest
period of at least 24 consecutive hours in every week. All hours worked
beyond the default schedule shall be voluntary and the collective bargaining
agreements shall be respected.
2.4 Wages and benefits
All Business Partners’ employees must receive at least the minimum wage
required by local laws and provide all legally requisitioned benefits. In
addition, the Business Partners must always comply with the collective bargaining agreements and provide its workers with information regarding theiremployment terms and conditions in a language spoken by them. We
encourage our Business Partners to adopt a fair payment structure thatmatches its employee skills.
2.5 Non-discrimination and fair treatment
The Business Partners must ensure that all employees are treated withdignity and respect, eliminating discrimination in respect of employment andoccupation, providing equal employment conditions and opportunities basedon each worker’s skills and experiences, not discriminating any job applicants
based on race, color, age, sex, gender, gender identity, gender expression,sexual orientation, marital status, ethnicity, national origin, caste, disability,
genetic information, medical condition, pregnancy, religion, political affiliation,
union membership, covered veteran status, body art, among others. Workers’
religious practices will be reasonably accommodated. Any involvement in any
kind of harassment, abuse, corporal punishment or inhumane treatment must
be prevented.
2.6 Freedom of association and collective bargain
All employees shall have the right to associate freely, seek representation
and bargain collectively in accordance with local laws. The BICO Group
expects its Business Partners to respect the rights of workers to communicate
openly, making possible for all employees to share grievances withmanagement about labor conditions with no fear of harassment.

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2.7 Affected communities
The BICO Group expects its Business Partners to avoid and prevent
continued adverse impact on potentially vulnerable groups or affected
communities such as indigenous people, women, national or ethnic, religious
and linguistic minorities, children, people with disabilities, migrant workers
and their families and human rights and environmental defenders.

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3.1 Sensitive, confidential, and proprietary information protection
All sensitive, confidential and proprietary information must be protected in an
efficient manner by the Business Partners and it is crucial that all data privacy
laws and regulations are followed.
The Business Partners shall respect BICO Group and others confidential
information and intellectual property, including personal data/information,from mishandling, misuse, theft, counterfeit, fraud or any improper disclosure,including diminishing risk to digital systems and documents by executing
appropriate IT cyber security programs, using encryption and strong
passwords. IT suppliers should provide work, services, tasks and deliverables
in compliance with the agreed industry standards and practices, which mayinclude some of the following: ISF Standard of Good Practices for Information
Security and ISO 27001, ISO 27002, ISO 22301, ISO 22313 and ISO 27031
standards.
In case of any data breach or suspicion of security incident, all Business
Partners are expected to communicate with the BICO Group or theappropriate BICO Group company in a rapidly attitude.
3.2 Intellectual property
The compliance with all applicable laws regarding intellectual property andprotection against disclosure is required from all Business Partners.

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4.1 UN Sustainable Development Goals
The UN Sustainable Development Goals (SDGs) aim to end poverty andinequality, protect the planet and ensure that all people enjoy health, justiceand prosperity. Since 2015, all countries in the United Nations adopted the2030 Agenda for Sustainable Development. All BICO Group companies areworking towards these goals and our Business Partners are expected to act
in a similar way, so that together we help in transforming our world for thebetter.
4.2 Environmental, health and safety management system
Considering the environmental risks normally present in a business operation,
we expect our Business Partners to conduct its activities aiming to minimize
these risks. It is desirable that the Business Partner establishes an adequate
environment management system (such as ISO14001 or comparable),adheres to policies and procedures to embrace environmental aspects into
its operations, supply chain and products.
A health and safety management system (such as ISO42001 or comparable)
is also advisable to be implemented by the Business Partner, as well as
policies pursuing the protection of health, safety and welfare of employees,
contractors, visitors among others that may be affected by their occupation.
The working environment must be under good sanitary conditions and ourBusiness Partners should take reasonable measures to secure that worker’s

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performance and safety is not compromised by controlled substances,alcohol, legal and illegal drugs.
4.3 Substances and chemical management
Any potentially hazardous substances in chemical products and articles usedin the Business Partners’ products must be identified as such by the BusinessPartner. The Business Partners must ensure that these substances arehandled, transported, stored, recycled and disposed of safely.
4.4 Sustainable product and process development
Sustainability is a key indicator in the BICO Group Business Partners
qualification and the Business Partners are expected to make their best effort
to develop, manufacture and deliver innovative products and processes withthe lowest possible environmental impact. The aspiration is that the Business
Partners should reduce its climate change impact, use energy, water andnatural resources in an efficient manner, reduce waste and use of hazardous
materials, utilize reusable and/or recycled packaging material and manage its
emission in the air. We require our Business Partners to measure, report,improve and if material impact present a mitigation plan. BICO will work
together with its Partners in its value chain to minimize the carbon footprint.
4.5 Climate change
Considering that climate change is one of today’s most serious challenges,
the BICO Group expects its Business Partners to have a net zero Parisaligned target for the climate impact of its value chain and to integrate climate
considerations in its business decisions.
4.6 Biodiversity and ecosystems
Biodiversity is essential for the processes that support all life on Earth,including humans. The BICO Group expects its Business Partners to manage
natural resources responsibly, minimizing the risk for biodiversity impact.
4.7 Pollution
Air pollution continues to have significant impacts on the health of people,
particularly in urban areas. These health impacts have economic costs,
cutting short lives, increasing medical costs and reducing productivity throughlost working days. The Business Partners are expected to reduce the impact
to air pollution in its operations to minimum levels.

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4.8 Water and marine resourcesFreshwater is a scarce commodity and essential for sustaining life. In a global
perspective, billions of people live in regions vulnerable to freshwater stressand/or flooding. The Business Partners are expected to reduce the impact towater and marine resources in its operations to minimum levels.

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Business Partners are expected to adopt or establish a management system
to carry the responsibilities listed in this Code of Conduct. The management
system shall ensure transparency within the Business Partners’ operations:(a) comply with our requirements and applicable laws and regulations; (b)conform to these responsibilities; and (c) identify and mitigate operationalrisks related to these responsibilities.
Employees and third parties must be able to seek advice or raise ethical or
legal concerns without fear of retaliation through adequate reporting channels
such as a whistle-blower platform or anonymous hotline. If a report is made,the Business Partner is expected to address those cases in an ethic mannerand prevent retaliatory actions.

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BICO Group companies are shaping the future of health and for that reason
we expect that all Business Partners ensure that their products and services
follow maximum quality and safety standards. Any accident/incident that may
result in any product safety issues must be reported by our Business Partners
immediately in order to avoid the sale or use of a faulty product by any BICO
Group company or its distributors.

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7.1 Anti-corruption laws
All anti-corruption laws and regulations applicable to the Business Partners’
obligations towards the BICO Group must be observed and complied with. Itis also desirable that the Business Partner establishes a compliance programaiming to mitigate the existing risks of its activities and to prevent corruption
in different situations such as commercial contracts, partnerships, projects,
and the use of contractors or similar. The Business Partner shall not beinvolved with, endorse nor tolerate any form of bribery or corruption, directly
or indirectly and no improper benefit shall be offered or accepted by any of its
employees and representatives.
7.2 Illegal payments
No illegal payments or anything of value from any customer, supplier,representatives, agents, government officials, political parties or others must
be offered or accepted by the Business Partner and/or its employees. “Illegalpayments” includes payments aiming to expedite or secure performance of aroutine governmental such as customs clearances or visa expedition, withexception of formal legal governmental fees for such services. It is expectedthat the Business Partner restrains its employees from equal or similar
conduct in order to gain improper advantage, even in areas where such
behavior may not violate local regulations or laws.
7.3 Competition and antitrust
The Business Partners shall respect and comply with all applicable anti-trust,competition and fair-trade laws and regulations and shall not enter into any

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anti-competitive arrangements like illegal price-fixing, limiting supply or
allocating/controlling markets or any other illegal restrictive practices thatwould restrain or impact competition.
7.4 Gifts and courtesies
It is desirable that the Business Partners achieve its business goals based on
their products and services quality and performance and the use of gifts andcourtesies aiming to reach competitive advantage will not be tolerated by anyof the companies in the BICO Group. Whenever offering or receiving a gift or
business courtesy in any business relationship, the Business Partner is
responsible to make sure that such conduct is consistent with reasonable
marketplace customs, allowed by applicable laws and regulations and thatsuch act does not infringe the rules and standards of the recipient’sorganization. Under no circumstances the acceptance or offering of cash gifts
or cash equivalent should be authorized.
7.5 Insider tradingAny material or non-publicly information disclosed by any employee of theBICO Group to its Business Partners must not be used for trading or empower
third parties to trade in the stock or securities of any company.
7.6 Conflict of interest
Aiming to demonstrate that the Business Partner is a reliable and honest
partner, doing business in a transparent and open manner is crucial, avoiding
situations where private, financial or other external interests conflict with theBusiness Partner’s work responsibilities. If any BICO Group employee oranyone performing a work for the BICO Group may have a personal interestof any kind in the Business Partners’ business or any kind of financial link with
the Business Partner, this situation must be communicated to the BICO
Group and all affected parties through one of the available reporting channels
found on the BICO Group webpage; www.bico.com under the
Whistleblower/speak up channel.

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Page for signature
We hereby confirm that we have read and fully understood the BICO Group
Code of Conduct for Business Partners which shall become effective as oftoday and that we agree to comply with it.
In witness of the foregoing, this confirmation page has been executed by aduly authorized representative of the BICO Group Business Partner as
named hereinafter.
Full Legal Company Name__________________________________

Signatory’s Name__________________________________

Signatory’s Job Title__________________________________

Signatory’s Email Address__________________________________________________________
Date____________________________
Signature

Version: 1.2
Policy Owner: Legal
Amendment: Update
Effective: 9th May 2023
Approved by:
Board of Directors of the BICO Group AB (publ)

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