COMSOL Code of Conduct
COMSOL is committed to conducting business in an honest and ethical manner. The purpose of this Code of Conduct is to ensure that COMSOL and those with which COMSOL has a direct business relationship adhere to applicable laws and share COMSOL’s commitment to ethics. The requirements of this Code of Conduct are based in part on globally accepted minimum standards found in the UN Global Compact and the UN Guiding Principles on Business and Human Rights and our contractual requirements. The principles in this Code of Conduct shall apply to the COMSOL organization, as well as COMSOL partners, distributors, resellers, contractors, vendors, and suppliers (collectively referred to as “Workers”).
COMSOL expects those within its organization as well as those with which it conducts business to operate in a manner that adheres to COMSOL’s core values and principles as outlined in this Code of Conduct. Additionally, Workers shall undertake commercially reasonable efforts to make those with which they have a direct business relationship work towards meeting the requirements of this Code of Conduct or their own equivalent code of conduct. All employees shall be informed of the Code of Conduct and shall be responsible for understanding and implementing it.
Ethical Business Conduct
The prevention, detection and reporting of bribery, extortion, embezzlement, fraud and other forms of corruption are the responsibility of all those working for us or under our control. Workers will uphold all laws relevant to countering bribery and corruption in all the jurisdictions in which they operate, including the Foreign Corrupt Practices Act in the US and the Bribery Act 2010 in the UK. Workers are prohibited from offering, promising, giving or accepting any financial or other advantage, to induce the recipient or any other person to act improperly in the performance of their functions, or to reward them for acting improperly, or where the recipient would act improperly by accepting the advantage.
All transactions shall be recorded in relevant financial records in a transparent and correct manner. Documentation for transactions shall be in a transparent and correct manner for the appropriate period required for such transactions, as guided by common practices and regulations. No transaction or decision to commit resources shall be approved by any person having a conflict of interest regarding such transaction or decision. All Workers are expected and encouraged to report transactions or decisions suspected to be in violation of this Code of Conduct.
COMSOL also recognize that environmental responsibility is integral to producing world class products. Workers shall obtain all required environmental permits, approvals and registrations, and seek to minimize the impact of our activities on the environment.
COMSOL is committed to complying with applicable laws and regulations related to labor practices both in its own organization as well as in those with which it does business. Workers agree not to use any illegal form of forced labor, including human trafficking, nor to use or purchase supplies or materials that are produced using any illegal form of forced labor, including human trafficking. Workers shall comply with local laws regarding child labor, wage and minimum working age laws and requirements. Any recruitment company hired by Workers shall only use the services of trained employees. Workers shall not charge recruitment fees to employees. Workers shall treat each employee with respect and prohibit any inhuman, harsh, or degrading treatment or punishment of employees. Workers shall not discriminate in employment practices on the basis of race, ethnicity, color, religion, sex, sexual orientation, gender identity, political affiliation, union membership, covered veteran status, marital status, age, physical disability, or any other basis prohibited by applicable local law.
COMSOL depends on Workers to help ensure that ethical business practices are followed. Workers will undertake commercially reasonable measures to enable their employees, business associates, or other stakeholders to raise concerns regarding the principles in this Code of Conduct or any other concerns related to ethical business conduct to the identified contact in this Code of Conduct.
Additionally, any employees, business associates, and other stakeholders raising such a concern shall be protected from any retaliatory personnel action or inaction (including threats of personnel action or inaction) with respect to any employee due to any disclosure of information that the employee reasonably believes evidences a violation of this Code of Conduct; applicable laws, rules, or regulations; gross mismanagement; gross waste of funds; an abuse of authority; or substantial and specific danger to public health or safety.
In the event a Worker is found to not be in compliance with the principles of this Code of Conduct, COMSOL reserves the right to terminate the business relationship with immediate effect, among other remedies.
For all inquiries or reports related to this Code of Conduct, please contact:
VP of Business Development
100 District Avenue
Burlington, MA 01803 USA
Email: busdev at comsol.com Telephone: +1 781 273 3322
Last Revision Date: April 5, 2023