This includes our willingness to maintain the highest standards in corporate governance, to go beyond the law in doing the right thing, to be always transparent and forthright in the conduct of our business.
Code of Conduct
Anti-Bribery and Corruption
We have a zero-tolerance approach to bribery and corruption anywhere in the world. We will walk away from any business that we can’t win fairly or legally. Our success is built on the trust of our customers, employees, investors and the general public. We know the best way to gain and maintain this trust is to demonstrate that we act ethically and with integrity in all of our business practices.
Our Board of Directors oversees our efforts to prevent bribery. Our legal teams have primary and day-to-day responsibility for implementing the policy and for monitoring its use and effectiveness.
Supplier Code of Conduct
Our Suppliers and their supply chains are critical to our ability to deliver customer commitments. The Suppliers we engage with play an important role at every stage of the project lifecycle and are key stakeholders in Ultra achieving successful business outcomes. Ultra commits to having a positive impact in our local communities, and we choose to work with Suppliers who have the same outlook.
Any business serious about environmental sustainability, ethics, compliance and monitoring its supply chain backs this up with a Supplier Code of Conduct. In engaging with Suppliers to Ultra we need to be certain each party understands and accepts its responsibilities to fully comply with applicable laws and adhere to internationally recognised environmental, social, and corporate governance standards.
Our global Supplier Code of Conduct launched March 2022 recognises that our Suppliers are key partners in delivery of our goal to innovate today for a safer tomorrow.
We encourage all our Suppliers to adopt the high standards Ultra lives by. We are working with our top 30 direct suppliers to obtain written representation that they commit to meeting the standards we have set out. Alongside this our Procurement teams globally are working with all current and new Suppliers seeking reliable representation they and their supply chain meet the standards set out in the supplier code of conduct.
- Anti-Bribery and Corruption
- Collective Bargaining
- Competitive behaviour and anti-trust
- Conflicts of interest
- Diversity, Equity, and Inclusion
- Export and Import controls, sanctions and obligations
- Fair pay and benefits
- Health, Safety and Environment
- Lobbying and political support
- Preventing facilitation of tax evasion
- Responsibly sourced materials
- Safeguarding confidential information
- Slavery, human trafficking and labour exploitation
- Working with stakeholders
While laws and regulations differ by location, we ask our Suppliers to always follow the spirit of the code in dealings with Ultra and encourage open and transparent conversation with our Ultra Procurement teams.