OPEC Fund Business Partner Code of Conduct

Harassment, sexual exploitation - Business Partner’s managers or employees, may neither use or engage in bullying, any threats of violence, verbal, psychological or sexual harassment. Business Partners shall take all appropriate measures to prevent sexual exploitation, or abuse of any kind and in any form, by its managers or employees. Related prohibition includes, but is not limited to, exchanging any money, employment, goods, services, or other things of value, for sexual conduct, and engaging in any sexual activity with any person under the age of 18, regardless of any laws or consent. 3. Health and Safety Health and safety standards – Business Partners must as far as reasonably practicable provide a safe and hazard-free work environment. This includes identifying/assessing potential exposure to health and safety hazards, and providing suitable mitigation actions, including trainings/awareness, in order to adequately manage the related risks. In case of any accident/incident or fatality the Business Partner is expected to inform the OPEC Fund at the earliest and conduct an investigation (Root Cause Analysis) within 72 hours of the occurrence of the fatality. 4. Environment Stewardship Environmental program – Business Partners must have a suitable and effective environmental program to comply with existing environmental regulations and related international industry standards. Business Partners are to apply a responsible approach to environmental matters that contributes to waste reduction, energy efficiency, reduction of greenhouse gas emissions and discharges of pollutants. Business Partners are to have strategies that increase the development and awareness of environmentally sound practices and technologies whenever practical, and strive to conserve scarce natural resources, including water, fossil fuels, minerals, and virgin forest products. The Business Partner is advised to refer to the Environmental and Social Policy of the OPEC Fund for better guidance on following environmental safeguard measures.

OPEC FUND