Supplier Code of Conduct

Do you want to find out how the PIH supplier code of conduct helps to safe, equitable, and ethical working conditions?

1- Preamble

At Assets Group, we stand firmly behind our core values that shape and guide us in our daily operations and relationships. These simple yet essential values ensure that we conduct ourselves with the utmost integrity, delivering high quality products and services while following all applicable laws, regulations, and standards of business conduct.
We at Assets Group are committed to meet those expectations, and we in turn trust that all our Third parties will honor the same values. This Third-Party Code of Conduct expresses the expectations we hold for our Third parties and mirrors the standards we set for our Business Groups, Affiliated Companies and Subsidiaries.

2- Scope

IH has developed this Third-Party Code of Conduct (hereinafter referred as “The Code’) that defines the minimum standards that Third party shall respect and adhere to when conducting business with all Business Groups, Affiliated companies and Subsidiaries of Assets Group. This code clarifies our expectations in the areas of Business Conduct and Integrity, Workers Welfare and Practices, Occupational Health and Safety and Environmental Leadership and Sustainability.

3- Applicability

The Third Party Code of Conduct is applicable to all suppliers, contractors, vendors, consultants, agents and other providers of materials and services including their parent organization, subsidiary or associated entities and to all personnel employed by or engaged to provide services to all Business Groups, Affiliated companies, Subsidiaries of Assets Group.

4- Commitment

PIH expects all Third party shall adhere to all applicable Laws, Regulations and the requirements set out in this Code and contractual obligations. We expect that Third party shall show their commitment to the principles defined herein by establishing appropriate monitoring systems and by following-up in case they receive knowledge about any violations.
Third party shall have suitable systems and controls in place to ensure compliance with the Code. Third party shall establish systems and controls that shall also apply to the sub-contractors and suppliers they work with which are directly or indirectly connected with providing materials and services to all Business Groups, Affiliated companies and Subsidiaries of Assets Group.

5- Compliance

It is the third party’s responsibility to communicate, educate and exercise diligence in verifying compliance of this Code to its employees, sub-contractors and suppliers. Third party shall maintain records of all relevant documentation necessary to demonstrate compliance with the Code and related Laws and Regulations.
PIH reserves the right to verify compliance to this Code by continuously monitoring third party compliance the Code by asking Third party to provide relevant information and by conducting audits and reviews.
Third party shall address any violations of this code that come to their knowledge and take appropriate actions. Failure to comply with this Code shall directly impact the ability of the Third party to conduct business with all Business Groups, Affiliated companies and Subsidiaries of Assets Group.

THIRD PARTY CODE OF CONDUCT

This Code sets out the principles and standards of business conduct that PIH expects of any Third party who provides products or services to our Business Groups, Affiliated companies and Subsidiaries.

6- Business Conduct and Integrity

Assets Group expects Third party to conduct business in accordance with the highest ethical standards. We treat all Third party fairly and equally. Decisions are made objectively in order to exceed expectations for cost, quality, service, as well as integrity and reliability.

6.1- Compliance with Law

All Third party with which Assets Group interacts and collaborates are obligated to adhere to all applicable Laws, Rules, and Regulations of State of Qatar and in the countries in which they operate.
The Third party must at a minimum, perform all duties and expectations in compliance with all laws and regulations ap¬plicable to their business. Third party shall comply with all flow down terms, conditions, and other provisions as specified in the Purchase Order. When performing international business, or if the primary place of business is outside of the Qatar, third party shall comply with local laws.

6.2- Anti Bribery and Corruption

PIH is committed to abiding by all laws and regulations and if necessary, exceeding them to prevent bribery and corruption wherever we do business and expect the same from our Third party.
Third party shall not engage in any form of bribery, corruption, extortion and embezzlement and shall have adequate procedures in place to prevent any such bribery or corruption in their supply chain or by others acting for them. Bribes or other means of obtaining undue or improper advantage are not to be offered or accepted. Behaviors or actions that may negatively influence, or appear to influence, supply management decisions shall be avoided.