1.3 Compliance
Suppliers must, in addition to meeting the provisions of this code, comply with all national laws and regulations. Should there be differences between the content of this code and national laws, suppliers must adhere to the more stringent requirements. Conflicts between the provisions of this code and national laws or other applicable standards will be evaluated by Pandora A/S in cooperation with the supplier. Suppliers must be able to document their compliance, and if any conflicts are detected, suppliers must inform Pandora A/S immediately.
Pandora A/S is entitled to conduct (announced) audits at the suppliers’ sites either by themselves or through 3rd parties in order to verify compliance with this code.
In the event of non-compliance, we require our suppliers to be committed and engaged in remedying the non-compliance issues within the time schedule set out in the corrective action plan. Pandora A/S seeks to continuously improve together with our suppliers and help them achieve compliance with the provisions of this code, while reserving the right to terminate any agreements should a supplier decide that compliance with the requirements of the code is impossible to obtain or the supplier shows repeated and/or serious disregard for the code. If no solution can be agreed upon and implemented within a reasonable amount of time, Pandora A/S may choose to terminate the business relationship and/or suspend future contracts with a non-complaint supplier.
2. Business ethics
2.1 Bribery, gifts and entertainment