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Code of Practice for Environmental, Social and Governance in Ace Well Technology



  • 1.1 The code of practice for environmental, social and governance (ESG) has been adopted by the board of directors of Ace Well Technology corporate governance and the company's long-term value creation for shareholders, employees, customers and the community.

  • 1.2 The purpose of the code is to ensure that ESG is exercised in line with the adopted values, code of ethics, code of practice for corporate governance and the company's long-term value creation for shareholders, employees, customers and the community.

  • 1.3 The code applies to employees of Ace Well Technology as well as consultants, agents or other business partners acting on behalf of the company. It also applies to elected board members when they act on behalf of the company. 

  • 1.4 The board is responsible for ensuring compliance with the code.


  • 2.1 Ace Well Technology requires compliances with legislation and regulations in the countries in which the company operates.

  • 2.2 Ace Well Technology bases its code of practice ESG on the internationally recognised principles and guidelines pertaining to corruption, human rights and labour standards and the environment.

  • 2.3 Ace Well Technology embraces ESG in its markets. ESG is dependent on long-term profitability, with good, safe workplaces, supply contracts, reduction of environmental impacts and tax revenues in the countries in which we operate.


  • 3.1 Ace Well Technology does not discriminate on the grounds of ethnicity, nationality, religion, age, gender, disability, or sexual orientation. Respect for the individual is fundamental; everyone shall be treated with dignity and respect.

  • 3.2 Ace Well Technology aims for fair, open competition in all markets. Ace Well Technology has high standards of personal and professional integrity and will not tolerate any form of corruption or bribery.

  • 3.3 Ace Well Technology follows established workplace and labour standards and complies with all requirements contained in the relevant legislation. Ace Well Technology aims to apply working methods that ensure good working conditions, with strict requirements in the area of health, safety and environment. Ace Well Technology shall not make use of child labour.

  • 3.4 Ace Well Technology shall maintain open, reliable and responsive communication with stakeholders and the external environment.

  • 3.5 Ace Well Technology products and services shall be reliable in terms of quality, origin and impacts on health and the environment.

  • 3.6 Ace Well Technology shall seek to prevent or mitigate adverse environmental impacts resulting from its activities.


  • 4.1 The relationship between shareholders is regulated by own agreement.

  • 4.2 The Shareholder Assembly is Ace Well Technology highest body. Notice of General Meeting is made in accordance with the current legislation.

  • 4.3 Ace Well Technology has an independent board of directors, where the board meets regularly. Ace Well Technology seeks at all times to have a board that is suitably composed with regard to expertise and diversity. Board meeting protocols are held.

  • 4.4 The members of the Board of Directors shall present themselves if they are incapacitated from matters on the agenda. The statements are recorded.

  • 4.5 The CEO reports to the Board.


  • 5.1 Ace Well Technology has an external auditor. The auditor is used for natural audit-related tasks, such as technical assistance with tax returns, annual accounts, understanding of accounting and tax rules, and confirmation of financial information in various contexts.

  • 5.2 As an integral part of internal control and external audits, Ace Well Technology shall regularly ensure compliance with all aspects of this code of practice for Environmental, Social and Governance. A yearly review will be conducted.

  • 5.3 Ace Well Technology shall regularly assess the social impacts of its activities and implement improvements and other measures where necessary. Ace Well Technology shall report on Compliance status at every board meeting.

  • 5.4 Ace Well Technology shall help ensure that contractors maintain the principles specified in 2.2 by including them in its contractors' requirements.

  • 5.5 Notification of violations of the Code is the same as for the Code of Ethics. All serious violations of the code shall also be reported to the board of Ace Well Technology.

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