NowyStyl_Raport CSR_2022-2023_EN-www

GRI 3-3 On account of Nowy Styl’s approach to CSR and ESG requirements, which are being determined by increasingly detailed acts of law, and because of busi- ness requirements and the constantly growing customer and consumer awareness, Nowy Styl adopted a Supplier Diversity Policy in April 2023. The Policy is a set of values recognized by our organisation, such as honesty, care, respect and support for local communities, knowledge and talents. To maintain and expand our diverse global supply chain, we thoroughly vet our suppliers, build and maintain lasting relations with them, and regularly report on our activities. We do that to ensure our continuous development and the best possible adaptation to changing legal and market requirements. Nowy Styl’s Supplier Diversity Policy focuses on including vetted, diverse suppliers in strategic sourcing and purchasing processes on the condition that they meet the requirements specified in Nowy Styl’s Procurement Policy, Supplier Code and Basic Requirements . In 2023, Nowy Styl issued a Modern Slavery and Human Trafficking Statement , clearly underlining the company’s commitment to developing practices aimed at combating the problem. We are aware it is a significant social problem, although often kept out of sight, and we consider it essen- tial to take effective measures to prevent criminal practices, also in our supply chain. 5.2.1 Sustainable Purchasing – documents and Supplier Recommendation Program We are committed to acting ethically and honestly in all our business dealings and relations, and to implementing and enforcing effective control systems to ensure that no form of slavery is practised at Nowy Styl or throughout our value chain. At Nowy Styl, we exercise due diligence in acquiring new suppliers and regularly audit existing ones in order to build awareness among all our stakeholders, especially key suppliers, whom we consistently require to comply with the policy we have adopted. We focus on suppliers from high-risk countries, ensuring they in particular respect human rights. We recognise that it takes some time and a certain level of knowledge to successfully adopt the best practices, so we cooperate with NGOs in supporting our suppliers, share our experience, educate and stimulate their development in the field of social responsibility. Click to view the Supplier Recommendation Program. Click to see documents related to Nowy Styl sustainable development To encourage suppliers to continuously improve not only their product quality, but also all of their ESG areas, Nowy Styl has introduced the Supplier Recommendation Program. It is designed to build awareness of our quality and ethical standards, and to support initiatives for the environ- ment and local communities. We offer additional benefits to suppliers who qualify as Premium Suppliers. CERTIFICATE Premium Supplier 102 Table of contents