© 2023 ArtRatio S.L.
This Code of Responsibility (“The Code”) is the foundation for ensuring social and environmental compliance and ethical conduct throughout our supply chain.
The principles outlined below serve as the cornerstone of ArtRatio’s relationship with our partners.
ArtRatio will identify and do business with organisations that conduct business with principles that are consistent with the Code. We encourage Supplier Partners to develop policies defining the operating principles for their own organisations and supply chains and to share these in a transparent manner.
Suppliers shall maintain accurate and up-to-date record-keeping indicating their compliance with this Code and all applicable laws and regulations.
ArtRatio, along with our partners and independent 3rd parties, may conduct audits to observe these principles in action. If there is a reasonable basis to believe a supplier partner is in violation of the Code, ArtRatio will transition away from that relationship unless the violation is cured in a satisfactory manner.
Everyone deserves to be treated with dignity and respect. ArtRatio is an equal opportunity employer and we expect all of our suppliers to be as well.
Providing an environment in which employees are provided opportunities to succeed in their roles without fear of prejudice or abuse is essential to the values of our company.
Discrimination & Harassment are strictly prohibited. This includes on the basis of race, colour, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under national or local law.
Forced, prison, bonded, indentured, or slave labour and all forms of human trafficking are prohibited as they take advantage of people who are not in a position to consent to their actions.
Withholding of, or destruction of, employee identity or immigration documents, passports or work permits is prohibited.
Work that deprives children of their childhood, their potential and their dignity, and that is harmful to physical and mental development, as defined by the International Labor Organization, is inconsistent with ArtRatio’s values.
Suppliers shall employ and use only workers who are at least the age of 15, have reached the age of completion of compulsory education, or meet the legal minimum age for employment, whichever is highest.
Suppliers shall not require workers to work more than the regular and overtime hours allowed by the law of the country where the workers are employed or perform work.
Compensation paid to workers should comply with all applicable wage laws, including those relating to minimum wages, overtime hours and legally mandated benefits. Punitive deductions from wages as a disciplinary measure are prohibited.
As permitted by, and in accordance with, applicable laws and regulations, suppliers shall respect the rights of employees to associate or not associate with any third party.
Workers should also have mechanisms in place to bring matters of attention to management without fear of reprisal within an environment that fosters respectful interactions among all co-workers including company representatives.
A safe and healthy working environment can enable and encourage innovation.
We expect ArtRatio Partners to adopt and maintain Health and Safety Management Systems to limit exposure to occupational hazards, prevent emergencies, safeguard machines, manage physically demanding work, and provide access to clean toilets, potable water, and sanitary eating facilities.
People’s work conditions should not make them sick or cause them harm. Suppliers shall comply with all applicable laws related to maintaining a healthy and safe working environment.
To meet our mission of promoting the sustainable display of collections of art and luxury items, ArtRatio and our Partners must work to avoid additional harm to the environment in all our activities.
ArtRatio Partners shall adopt and maintain Environmental Management Systems to ensure compliance with all applicable environmental laws and regulations.
Following the principles of continuous improvement, partners shall take a proactive approach to reducing environmental and resource impacts in all areas of their business.
This should also include management of all waste, discharges, and emissions, and lead to more efficient use of water and energy resources.
ArtRatio expects to work with people driven to do the right thing and who act with integrity even when no one is looking. Obeying the law, both in letter and spirit, is the foundation on which ArtRatio’s ethical standards are built.
ArtRatio is committed to sourcing responsibly and considers mining activities that fuel conflict as unacceptable.
Partners are accountable for developing and implementing their own due diligence program in alignment with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
Supplier Partners must identify, address and mitigate any risks in their supply chain related to the mining of minerals originating from regions at high risk.