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1. Scope and Compliance with the Code of Ethics

In accordance with our regulatory environment, MEX Storage Systems Private Limited (“MEX”) developed the current Code of Ethics in 1996 with the purpose of upholding and maintaining the highest ethical standards in the development of our business activities.

This document establishes the highest level of rules within MEX and serves as a guide for all employees and managers, supporting their decision-making in daily business operations.

All employees, executives, and members of the administrative bodies of MEX, regardless of hierarchical level, geographical location, function, or subsidiary/branch, must understand and comply with all provisions of this Code of Ethics.

This Code of Ethics also applies to all individuals or companies having a direct or indirect relationship with MEX (e.g., clients, suppliers, partners), who are expected to progressively adhere to these principles.


2. Our Values

2.1 Compliance with the Law and Zero Tolerance for Crime

Compliance with local, national, and international laws in all locations where we operate is of vital importance to MEX.

Violation of laws, rules, or regulations may lead to serious consequences, including imprisonment, fines, and damage to the company's reputation.

All executives must familiarize themselves with relevant laws, directives, and company policies related to their responsibilities. Management positions must ensure full compliance within their respective branches or subsidiaries.

Any questions regarding the legality of decisions must be addressed with the company’s legal counsel.

2.2 Commitment to Human and Labour Rights

MEX does not discriminate based on race, nationality, social class, age, gender, marital status, sexual orientation, ideology, religion, or political affiliation.

We promote equal treatment and equal opportunities in employment, training, promotions, and working conditions.

MEX maintains a zero-tolerance policy for violence, harassment, abuse of authority, or any conduct that creates an intimidating or offensive workplace environment.

We are committed to implementing measures to prevent workplace harassment, including sexual harassment.

2.3 Absolute Rejection of Fraud and Corruption

MEX is committed to preventing fraud and criminal activities. Illegal practices, including money laundering or unethical dealings with customers, suppliers, competitors, or authorities, are strictly prohibited.

All forms of fraud are prohibited, including embezzlement, theft, misappropriation, tax fraud, or financial misconduct.

Offering or accepting bribes in any form, whether in the public or private sector, is strictly forbidden.

Reasonable hospitality and business courtesies may be acceptable when conducted in good faith and within legal and ethical limits. However, such gestures must never be used to obtain unfair advantages, especially when dealing with public officials.

2.4 Respect for and Protection of the Environment

MEX complies with environmental laws, regulations, and internal environmental policies in all countries where we operate.

Our environmental commitments include:

  • Compliance with environmental laws and regulations.
  • Accountability of personnel for environmental responsibilities.
  • Implementation of environmental management systems.

This commitment is achieved by:

  • Informing employees and suppliers about our Environmental Policy.
  • Using analysis and optimization techniques to improve environmental protection and prevent pollution.
  • Monitoring compliance with environmental regulations.
  • Ensuring proper waste, discharge, and emissions management.
  • Training employees whose work impacts the environment.

3. Our Employees

3.1 Selection and Evaluation

Employees are selected and promoted based on their abilities, performance, and professional merit.

MEX provides equal employment opportunities and does not tolerate discrimination in any form.

3.2 Responsibilities

MEX employees must follow these behavioural guidelines:

  • Dedicate work time exclusively to professional responsibilities.
  • Avoid conduct that may be considered harassing or intimidating.
  • Refrain from illegal or corrupt activities.
  • Support fair and free competition.
  • Treat others with respect and professionalism.

3.3 Conflict of Interest

Employees must avoid situations that may create conflicts between personal interests and the interests of MEX.

Guiding principles:

  • Independence: Act professionally and prioritize the interests of MEX.
  • Abstention: Refrain from participating in decisions where a conflict exists.
  • Communication: Report potential conflicts of interest to supervisors and HR in writing.

3.4 Accuracy of Books, Records, and Accounts

Transparency in information and financial reporting is a fundamental responsibility of all employees.

3.5 Assets and Property

Employees must safeguard company assets including intellectual property, equipment, funds, and business resources.

Protecting the reputation of MEX is the responsibility of every employee.

3.6 Confidential Information

Employees must protect confidential information, trade secrets, and proprietary data and must not use them for personal benefit.

MEX is committed to protecting the personal information of employees, customers, and partners in accordance with applicable laws.


4. Relationships with Customers

Our goal is to be the first choice for our customers by providing reliable solutions, excellent service, and high-quality products.

We aim to build long-term relationships based on trust, transparency, and professionalism.

4.1 Relationships with Public Administrations

All interactions with public authorities must be transparent, honest, and ethical.

Employees are prohibited from offering or accepting unjustified benefits or bribes.

4.2 Suppliers

Suppliers must be selected based on objective and impartial evaluation. Favoritism or conflicts of interest must be avoided.

4.3 Competitors

MEX complies with anti-trust and fair competition laws and avoids any practices that restrict competition.


5. Our Product

We are responsible for delivering products and services that meet customer expectations through innovation, quality manufacturing, and continuous improvement.

All operations must comply with applicable regulations and industry standards.


6. Health and Safety

6.1 Workplace Health and Safety

MEX promotes a safe and healthy working environment and follows all health and safety regulations.

Employees must report accidents or unsafe conditions immediately to the Health & Safety Manager.

Contractors working with MEX are also expected to follow safety standards.


7. Miscellaneous

7.1 Communication and Reporting

The Code of Ethics will be shared with employees via email or printed copies and will also be available on the company intranet.

Employees may report concerns or violations via email at: info@mexstorage.com

All communications will remain confidential and handled according to data protection laws.

7.2 Revisions

This Code of Ethics may be reviewed and updated periodically with approval from the Board of Directors.

7.3 Approval

The Code of Ethics was originally approved by the Board of Directors on June 03, 1996.

It was revised in June 2006 and approved again on December 20, 2006.

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