 
          7
        
        
          SUPPLIERS’ CODEOFCONDUCT
        
        
          All suppliersmust sign our Suppliers’ Code of Conduct
        
        
          SCREENINGANDCATEGORISING
        
        
          Risk assessment
        
        
          SUPPLIERTRAINING
        
        
          Annual training in selected issues
        
        
          PANDORAAUDITS
        
        
          BKK, HKG&CPHCSR teams
        
        
          THIRD-PARTYAUDITS
        
        
          Suppliers are audited on a two-year cycle
        
        
          PREFERRED SUPPLIERS
        
        
          Long-term, high-achieving suppliersmay be granted status as preferred suppliers.
        
        
          These enjoy preferential terms, focusing on integration and trust over audit and control
        
        
          CORRECTIVE
        
        
          ACTIONS
        
        
          AS REQUIRED
        
        
          Suppliersmust remedy
        
        
          identified issues
        
        
          
            RESPONSIBLE
          
        
        
          
            SUPPLIERPROGRAMME
          
        
        
          CRAFTINGOUR
        
        
          PRODUCTS
        
        
          WITH INTEGRITY
        
        
          
            DESIGN
          
        
        
          Any PANDORAproduct begins its journeywithour
        
        
          designersmaking choices onwhichmaterials touse.
        
        
          Whenever new suppliers ormaterials are introduced, the
        
        
          CSR team is consulted inorder to assess potential adverse
        
        
          environmental or social impacts.
        
        
          Our designers constantly interact withGroup
        
        
          Manufacturing to ensure that our designs and crafting
        
        
          techniques are amatch. At our cutting-edge Innovation
        
        
          Centre inBangkok,Thailand, we develop innovative
        
        
          processing techniques and continuously improve our ability
        
        
          to introduce new sophisticated designs.
        
        
          The InnovationCentre offers our dedicated craftspeople the
        
        
          opportunity towork and invent at the front line of technical
        
        
          development while at the same time acquiring the high
        
        
          level of skills required in advanced jewellery crafting.
        
        
          It is our firm belief that PANDORA’s InnovationCentre
        
        
          makes an important contribution tomaintainingThailand’s
        
        
          position as a global hub in the jewellery industry.
        
        
          
            RESPONSIBLE SUPPLIER PROGRAMME
          
        
        
          PANDORA sources vast quantities of jewellerymaterials
        
        
          aswell as awide range of fixtures, furniture, gift bags
        
        
          and jewellery boxes. Inorder to ensure that our partners
        
        
          meet our ethical standards, all suppliers are required to
        
        
          sign and complywith our Suppliers’ Code of Conduct
        
        
          (downloadable from our website).To support our
        
        
          suppliers to complywith theCode, we have developed a
        
        
          comprehensive supplier programme.
        
        
          Our CSR team, operating out of Bangkok, Hong Kong
        
        
          andCopenhagen, work closelywithour suppliers across the
        
        
          world to ensure that they fully understand our requirements
        
        
          and are capable of implementing practical and sustainable