Ethical Code of Conduct

HSBC recognizes that our dealings with suppliers often take place in cultures with different norms and values. Certain standards, however, as set out in this Code, are applicable throughout our organization and we expect everyone with whom HSBC has commercial dealings to meet such standards.

Supplier Relationships

HSBC expects its suppliers to have a natural respect for our ethical standards in the context of their own particular culture. The relationships with our suppliers are based on the principle of fair and honest dealings at all times and in all ways. HSBC specifically expects its suppliers to extend the same principle of fair and honest dealings to all others with whom they do business, including employees, sub-contractors and other third parties.

Monitoring

HSBC expects that suppliers will actively audit and monitor their day to day management process to ensure compliance with this Code of Conduct.

Development of the Code of Conduct

HSBC will review this Code of Conduct on a regular basis and will introduce revisions where necessary.  Suppliers are invited to contribute towards the further development of this Code of Conduct.