♦ Procurement shall be conducted on the basis of accuracy, transparency, honesty, integrity, anti-corruption, and ethical practices in accordance with the Company’s good corporate
governance principles. The Company also supports good governance, human rights, fair labor practices, and compliance with applicable rules, regulations, and laws.
♦ Procurement of goods and services shall take into consideration the environmental and social impacts arising from suppliers’ operations. Social and environmental criteria shall be
incorporated into supplier selection and new supplier evaluation processes to promote and manage a sustainable supply chain.
♦ All suppliers shall be treated equally and without discrimination, with fair compensation and equitable treatment for all parties.
♦ Supplier risks shall be analyzed, assessed, and managed within the specified timeframes. Internal monitoring and control measures shall also be implemented to reduce risks and
mitigate potential impacts arising from suppliers.
♦ The Company shall promote the procurement of environmentally friendly goods and services (Green Procurement) and support local procurement in order to contribute to the local
economy, employment, and income generation.
♦ A Supplier Code of Conduct shall be established and communicated to suppliers to ensure that they understand the Company’s business principles and expected standards of conduct.
♦ The Company shall promote awareness and understanding among suppliers regarding their participation and responsibilities in relation to safety, occupational health, social responsibility,
and environmental management.
♦ Supplier performance shall be monitored, reviewed, supervised, and evaluated to ensure compliance with the Supplier Code of Conduct and relevant practices and requirements.
♦ The Company shall communicate and raise awareness of sustainable supply chain management and the Supplier Code of Conduct among executives, employees, and relevant stakeholders.
♦ Appropriate whistleblowing and complaint channels shall be provided, together with a systematic and effective complaint-handling process.
tthi Nice Corporation Public Company Limited recognizes the importance of good corporate governance, respect for human rights, and the social and environmental responsibility of its business partners, all of which contribute to long-term sustainable business operations. Accordingly, the Company has established a Business Partner Code of Conduct to provide guidelines for business partners to operate responsibly toward the economy, communities, society, and the environment. It also aims to promote transparent and ethical business practices based on the principles of good corporate governance.
Itthi Nice Corporation Public Company Limited conducted a site visit to Srikrung Lighting Co., Ltd. to assess its operations in accordance with ESG principles and relevant operational standards. Overall, the business partner was found to have an adequate fundamental level of operations, with strengths in product management, employee care, and community engagement. No significant environmental, social, or governance risks were identified. Srikrung Lighting Co., Ltd. is considered a business partner with strong potential, a solid operational foundation, and a positive outlook for further development in alignment with long-term sustainability.
For supplier selection and registration, the Company has established procedures under its Procurement and Supplier Selection Policy and the relevant Supplier Registration Procedures. Prospective suppliers are required to provide the necessary information in the New Supplier Registration Form. The Company communicates the Business Partner Code of Conduct to suppliers, who are required to acknowledge, sign, and comply with its provisions. Suppliers are also encouraged to participate in the declaration of intent against corruption. In addition, suppliers must complete a Supplier Self-Assessment Form and submit the required supporting documents. The information and assessment results are then reviewed and submitted to the Purchasing Manager for approval of the new supplier. The supplier sourcing and selection process can therefore be summarized as follows
For supplier selection and registration, the Company has established procedures under its Procurement and Supplier Selection Policy and the relevant Supplier Registration Procedures. Prospective suppliers are required to complete the New Supplier Registration Form and provide all necessary information and supporting documents. The Company communicates the Business Partner Code of Conduct to suppliers, who are required to acknowledge, sign, and comply with its provisions. Suppliers are also encouraged to participate in the Company’s anti-corruption declaration of intent. In addition, suppliers are required to complete a Supplier Self-Assessment Form and submit the relevant supporting documents for review. The information and assessment results are then submitted to the Purchasing Manager for approval of the new supplier. The supplier sourcing and selection process can therefore be summarized as follows