GN has established procedures and policies for managing relationships with suppliers to ensure a structured approach to our procurement processes and fair behavior with business partners. All supplier contracts include stipulations for governing late payments and guidelines to manage relationships with our suppliers, as well as SMEs. These procedures are supported by our various policy commitments, such as GN’s Supplier Code of Conduct and Statutory Corporate Governance Reports.

Moreover, we actively engage with our suppliers, considering supply chain risks and sustainability impacts relevant for GN’s value chain. Our procurement process, guided by our Supplier Code of Conduct, sets social and environmental criteria for selecting suppliers. GN’s Sustainability ESG policy further supports our work on ESG topics with our supplier base. As part of GN’s overall supplier engagement, we maintain strong relationships with suppliers to avoid or minimize impacts of disruptions, engage in training, dialogue, as well as conducting regular site visits and audits. All suppliers are screened accordingly on social and environmental performance to further support insights into potential impacts and risks in our value chain. We also encourage all suppliers to be certified or follow the requirements of relevant standards on various sustainability matters, such as the UN Guiding Principles and the OECD Guidelines.

Our procurement process, guided by our Supplier Code of Conduct, sets social and environmental criteria for selecting suppliers. GN’s Sustainability ESG policy further supports our work on ESG topics with our supplier base. All suppliers are screened accordingly on social and environmental performance to further support insights into potential impacts and risks in our value chain.