Introduction

Panoro’s Supplier Code of Conduct outlines our expectations for all suppliers regarding ethical behaviour, compliance with laws, labour practices, and environmental responsibility. Our goal is to cultivate a supply chain that reflects our company’s commitment to integrity, sustainability, and corporate responsibility. Compliance with this code is mandatory for all our suppliers.

We strongly believe that our success is dependent on our reputation for operating with the highest standards for integrity, transparency and trust. Panoro supports the UN’s Global Compact initiative and is actively committed to promoting the basic principles relating to the topics of human rights, labour standards, the environment and anti-corruption. To ensure that all directors, officers, employees, and suppliers of goods and services to Panoro are aware of our commitment to ethical business practices, we have adopted an Anti-Bribery and Corruption and Business Associates Policy, a Code of Conduct and a Safety and Sustainability Policy, which together are compatible with the UN Global Compact and the OECD’s Guidelines for Multinational Enterprises. These policies set out our expectations for the behaviour of our Board of Directors, management, employees, and contractors. They require that we comply with all applicable laws and regulations in any country in which we do business.

Panoro Energy supports and is committed to conducting its business in a way which is consistent with the human rights philosophy expressed in the Universal Declaration of Human Rights, the United Nations Guiding Principles on Business and Human Rights and the International Labour Organization Conventions.

The company is committed to being a good corporate citizen in all its places of operation; maintaining high ethical standards; obeying all applicable laws, rules and regulations; and respecting local and national cultures. Our commitment to human rights is aligned with this philosophy and approach and specifically encompasses the abolition of child labour, elimination of forced labour and workplace discrimination and harassment, and recognition of freedom of association.

It is the expectation of Panoro that all applicable business partners, suppliers, agents or other third parties (collectively referred to as “Suppliers” for the purpose of this document) will also observe equivalent principles when conducting business with the company. To that end Panoro has created this “Supplier Code of Conduct” in which it expresses the expectations we hold for our Suppliers.