Statement of Business Principles

Statement of Business Principles

Ethimex is a successful and respected company in our field. We are aiming to be a leading global trader and distributor of high grade ethanol and specialized spirits with competitive advantage.

Core Beliefs

• We believe in creating long term relationships with leading customers and suppliers
• We believe in suggesting clear and transparent supply solutions to customers and suppliers
• We believe in creating inspiring working environments for our people
• We believe that our business partners should have the opportunity to benefit from their relationship with us

Service Standards

• PROUD: We are respectful, focused, reliable and expect and impose high standards on ourselves
• ENERGETIC: we are dynamic and approach work with enthusiasm and commitment to each other and our customers. We respond to requests for services from our clients in a timely and considerate manner.
• CREATIVE: we stay up to date, we think ahead and "outside the box"
• ETHIC: We maintain high ethical standards and insist that our operations are driven by honesty and integrity.

Transparency

• We interact with our clients, stakeholders and partners in a fair and transparent manner.
• Corruption, extortion, or embezzlement are not tolerated in any form.
• We receive confidential information as part of our normal client relationships and seek to maintain the confidence of all of our clients.
• Our staff does not hold interests in commercial firms in any country where we operate.

Accountability

All staff sign the Ethimex LTD Code of Conduct. The purpose of the Code of Conduct is to establish standard operating procedures for staff regarding gifts, advantages, conflict of interest and other relevant issues pertaining to their professional activities. Adherence to these principles ensures Ethimex LTD's commitment to integrity, transparency and fairness.

Environmental Policy

Ethimex LTD is committed to meeting its consumer needs in an environmentally responsible and sustainable way.

We are a global trader & distributor of ethanol and our operations are spread across a diverse geography of countries. We are committed to operating responsibly in both the direct operations that we control and throughout the wider supply chain that we influence. Responsibility is one of the cornerstones of our strategy and we believe that good environmental practice is good business practice.

To this end, we have implemented an environmental management policy.

Furthermore, we will:
• Comply with all legal and regulatory requirements governing environmental management in the countries where we operate. We will implement environmental management practices and monitor compliance to them.

• Understand our impacts on the environment in which we operate, and proactively put in place plans to minimise these impacts.
Use our established framework of policy, good practice and procedure to manage our environmental performance, and audit compliance to this via our internal auditing capabilities.

• Monitor our performance through a set of key metrics and set targets for continuous improvement.
Provide training for staff and share good practice across the company.

• Include environmental considerations in our product design through the use of Sustainability Business Assessments (SBA) * and Product Lifecycle Analysis (PLA)*.

• Work with suppliers, partners and service providers to reduce the impacts of our products and services across the total lifecycle, share good practices on environmental management and ensure that they are measuring and managing their business in an environmentally sustainable way.

• Collaborate with key stakeholders through open dialogue, to better understand emerging issues, regulatory or societal expectations, and technological innovations.

Ethimex LTD will comply with all relevant and applicable local and international labour regulations, treaties, conventions and principles relating to the protection, welfare and health & safety of children. Furthermore, the Company will not employ any person deemed by local or international laws, conventions or regulations to be a child in any capacity in any industrial operation under its control.

As a good corporate citizen, the Company is committed to the principles of protecting children from child labour exploitation. The Company believes that their future development and that of the communities and countries in which they live is best served through education not child labour.

This is a commitment the Company seeks to apply throughout the supply chain, from raw ethanol and the provision of materials, to the distribution and sale of ethanol, as well as to the recovery and disposal of waste materials.

The Company acknowledges that it is sometimes customary in agricultural communities for children to play a part in the day-to-day work on farms, partly to learn essential craft skills for ensuring the long-term sustainability of farms and local agricultural communities. Nevertheless, the Company aims to apply this commitment and principles by seeking to ensure that:

• The welfare and health & safety of children are paramount at all times.

• Any form of farm practice growing activities undertaken by children for the development of craft skills, do not conflict with or impede their proper educational development including school attendance.

• No farm activity that could be considered to put children at risk is undertaken by children.

This policy statement applies to Ethimex LTD and will be reviewed periodically. It will also be circulated to associate companies and suppliers who will be encouraged to adopt the policy as best practice.