Overview

Values have been the foundation of the Ayala Group of Companies over the last 175 years. Beyond strategic, operational or financial success, the Ayala Group has been defined by its continued commitment to doing things the right way even in the face of uncertainty.

To that end, Ayala Land, Inc. has established a Code of Ethical Behaviour for all employees. In addition to this, all the members of the procurement organization in ALI and its subsidiaries subscribe to the Principles and Standards of Ethical Supply Management Conduct set by the Institute for Supply Management and this is available for public viewing at this web link: ISM - Tools - Principles and Standards of Ethical Supply Management Conduct - with Accompanying Guidelines

ALI expects that its vendors will share and embrace the letter and spirit of our commitment to these sets of standards and principles.

While the Company understands that vendors are independent entities, their business practice and actions may significantly cause an impact on its valued reputation. Hence, ALI expects all vendors and their employees, agents and subcontractors to adhere to this Vendors’ Code of Ethics (the “Code”) during the conduct of business with and/or on behalf of ALI. All vendors should educate their representatives to ensure they understand and comply with the Code.

ALI is committed to the highest standards of quality and business integrity in its dealings with vendors and ensuring that working conditions in its sites are safe, that workers are also treated with respect and dignity, and that its real estate projects and properties are environmentally and socially responsible.

As ALI endorses this Code, it enjoins all vendors to support this Code.

Compliance with the Code Of Ethics

ALI expects compliance with all standards and provisions set in this Code from all vendors. Vendors are expected to do what is necessary to comply with this Code. Vendors are expected to be familiar with the business practices of their own vendors and sub-contractors and ensure that they operate consistent with the guidelines contained in and the provisions of this Code. Failure of a vendor to comply with this Code may result in the discontinuance of its business relationship with ALI.

At the outset, it is imperative to understand that a business, in all of its activities, must operate in full compliance with applicable laws, rules and regulations. This Code encourages vendors to go beyond legal compliance and draws upon internationally recognized standards, in order to advance social and environmental responsibility.

Compliance With Client’s Code Of Ethics

The Company expects that an engaged vendor will comply with all the applicable rules, policies, procedures, or codes of conduct maintained by such client, even if they are more restrictive than the provisions of this Code. If a vendor believes that a client rule conflicts with any provision of the Code, the vendor is expected to resolve the situation in a mutually satisfactory manner with his/her primary contacts with ALI and the client in order to resolve the situation in a mutually satisfactory manner.