1. Introduction

At Wave, we are guided by our values, which include an unwavering commitment to doing the right thing for our clients, our people, and our communities. We are dedicated to making a positive social impact and promoting sustainability in all aspects of our operations, including sourcing and procurement.

2. Purpose

Through this procurement policy, our goal is to improve the sustainability of our operations by:

• Complying with the laws and regulations of the countries in which we operate.
• Encouraging the highest standards of economic, social, ethical, and environmental practices.
• Identifying and addressing risks associated with our procurement process.
• Sharing the policy with internal and external stakeholders and raising awareness among our suppliers.

3. Goals

In accordance with our commitment to maintaining the highest level of standards, we expect our suppliers to also aim for these standards in their business practices, which include but are not limited to:

Environmental:

• Adhering to and complying with all applicable environmental laws in their respective countries/jurisdictions
• Implementing measures to promote greater environmental responsibility, such as:
  • Responsible waste management and disposal is crucial for maintaining a clean and sustainable environment. Properly handling and getting rid of waste materials helps prevent pollution, protect human health, and conserve natural resources. Implementing efficient waste management practices, such as recycling, composting, and proper disposal methods, can significantly reduce the negative impacts of waste on our planet. It is our collective responsibility to prioritise responsible waste management and disposal to ensure a healthier and greener future for generations to come.
  • Reducing the emission of greenhouse gases and other harmful substances.
  • Protecting finite natural resources.

Business Ethics:

• Obey all relevant international and domestic laws regarding ethical business practices.
• Demonstrate the implementation of procedures aimed at preventing:
  • Money laundering
  • Fraud, bribery, and corruption
  • Conflicts of interest
  • Data security issues

Labor and Human Rights:

• Comply with all relevant laws, following the principles of the International Labor Organisation, the UN Global Compact, and the UN Universal Declaration of Human Rights.
• Prohibit the practice of slavery, forced labor, bonded labor, and child labor at all stages of the supply chain.