CORPORATE SOCIAL RESPONSIBILITY STATEMENT

Valencia 25.11.19

Corporate Social Responsibility Statement

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Following the implementation of our strategic global footprint plan, Industrias Alegre

S.A.’s development in recent years has required our adaptation to new growth scenarios

coupled with new demands and expectations, originating both from our clients and from the

stakeholders in the company’s activities.

Our commitment to society and a reduction of environmental impact is a critical factor in

the measurement of our overall performance and our ability to continue operating effectively,

in order to maximize our contribution to sustainable development.

The General Management of Industrias Alegre, S.A., hereby declares and sets forth the

company’s determination to disseminate, implement and uphold a commitment to good

business and ethical practices as the main contribution to sustainable development, involving

our staff, management teams, customers, suppliers, partners and collaborators on a daily

basis, and which serves to reinforce our corporate values as well as boost our culture of

regulatory compliance, ethical conduct and corporate social responsibility.

José Enrique Careaga Sánchez

CEO

Valencia 25.11.19

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Human Rights

We recognize and respect human rights, which are

essential both for the principle of legality and for the concepts of

equity and social justice. We consider human rights as inherent,

inalienable, universal, indivisible and interdependent. We commit

ourselves not to cause or contribute to situations of vulnerability of

human rights through our activities, committing ourselves to

ensure that all our employees are treated with dignity and respect.

Likewise, we commit ourselves to diligently manage and take

decisive actions in the face of any situation of vulnerability that

could occur both internally, with our employees, and externally with

our customers, suppliers, partners and collaborators.

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Fundamental Principles and Rights at Work

Child Labour

We comply with the current legislation on employment contracts, ensuring that it is done

by meeting the legal regulations and specific requirements in this matter in each country

where we have presence and people collaborating with our organization. These countries and

legal minimums up to date are those specified below:

• Mexico: 15 years old

• Russia: 16 years old

• Romania: 16 years old

• Poland 15 years old

In addition to these countries, in Industrias Alegre headquarter’s, located in Valencia,

we comply with the Spanish labor contract legal regulations, not employing any person below

the minimum age of 16 years old.

Compensation

We comply with the laws that regulate the compensation of working hours.

Forced Labour

We do not employ people under force or without their voluntary consent. We do not

tolerate disciplinary practices involving physical abuse.

Freedom of Association

We recognize, respect and facilitate the free association of workers, and interact with

such associations for the better functioning of the company.

Harassment and Discrimination

We are fully committed to offering equal work opportunities both to staff members and

to future recruitments to our workforce. In this way, decisions made regarding hiring,

promotions, training, etc., are focussed on skills and experience, rather than on race, sex,

religion, age, national origin, sexual orientation, age, marital status, disability, or any another

personal characteristic. We also foster a working environment free of any discrimination,

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hostility and physical or verbal harassment, and we operate a zero tolerance policy with regard

to discrimination or harassment of any kind.

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Labour Practices

Work and Labour Relations

We maintain open communication channels with all our collaborators and with their

legal representation, in order to inform, explain and notify about possible future changes that

may affect employment within and the evolution of our organization.

We are committed to protecting the data and the privacy of our workers, and we ensure

equal opportunities and the principal of non-discrimination for all our workers.

In relation to the contracting or subcontracting of work, we only maintain business

relationships with legally-recognized and authorized organizations, and under no

circumstances does the company condone the employment of abusive or unfair practices with

suppliers or subcontractors, including those working from their homes.

In all cases, our organization constantly strives to increase employment and assist the

professional development of its employees both nationally and internationally.

Working Conditions and Social Protection

Our organization ensures that working conditions comply with domestic legislation

(Workers Statute) and/or international provisions established by means of the ILO and

European Directives, complying with all collective or sectoral agreements that may apply

(Collective Agreement) and which exceed the minimum conditions required under global

regulations.

In consequence with the above, our organization provides salaries which exceed the

minimum legal stipulation, a working time pattern in accordance with the domestic laws of the

different countries in which we operate, and full compliance with weekly rest periods and

workers' right to paid leave.

In this sense, through the collective negotiation between the most representative social

agents and employers in the sector, improvements and revisions of the adopted agreements

are decided and the Cost of Living Index is taken into account in relation to the adjustment of

workers’ salaries, with the aim of ensuring salaries that, in addition to covering the workers’

needs, are capable of contributing to their social and economic development.

Likewise, the company’s work schedules are agreed with the worker’s Legal

Representation, with all attempts made to combine traditions, customs and work/life balance

with the production needs.

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We afford our employees special protection in relation to maternity / paternity,

facilitating maternity or paternity permits as required, as well as other recognized rights or

permits.

When there is a need to carry out Overtime due to production problems or the repair of

facilities or machinery, the undertaking of such hours is in no case obligatory, and it is

remunerated at a rate established under the applicable legislations.

Social Dialogue

We maintain a constant dialogue within our organization with the workers’ Legal

Representatives, as well as with the workers directly, and within the social environment with

Local Administrations, Technological Development and Training Entities, as well as the most

representative Employers’ and Workers' Associations relevant to our sector and to our activity.

Health and Safety

As it is detailed in depth in our Occupational Risk Prevention Plan, Industrias Alegre

S.A., provides its workers with a healthy and safe work environment, complying with, and

striving to exceed, the standards established under the applicable legislation. Each employee

is informed of the risks related to their job and must follow the company's safety regulations.

Each employee must report all accidents, injuries, or any practice, material or working

condition that may be dangerous or harmful to the health of any member of the staff.

We provide all workers with the appropriate safety equipment for their functions as set

out in the occupational risk assessments, which are periodically reviewed whenever there are

notable changes in the organization, or as a result of the

application of new regulatory provisions.

We place special emphasis on specific situations which

pose a health risk, such as in the case of pregnant workers,

applying the technical and/or organizational measures necessary

for their control, or establishing the necessary restrictions for the

undertaking of their work in optimal safety conditions.

As part of our Occupational Risk Prevention Plan, any and

all accidents that occur in the workplace are recorded, investigated

and analyzed in order to minimize or eliminate the risk of their

repetition.

Likewise, we have a Health and Safety Committee,

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composed of members of the company and workers' representatives, which reviews all the

company's occupational risk information and works with the objective of reducing accidents in

the workplace.

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Environment

Compliance with Legislation and Regulations

We are committed to complying with applicable

legislation and regulations, and to all the environmentally-

related requirements to which the company subscribes.

Information

We are committed to adequately informing our

employees, customers, suppliers, partners and collaborators

about the company's environmental activities, in accordance

with our policy on transparent and sustainable environmental

management.

Environmental Protection

We are committed to carrying out the company’s activities and services whilst

guaranteeing environmental protection throughout each product’s life cycle, applying principles

of prevention and minimization to all environmental aspects, with special emphasis on the

waste and consumption of resources and the protection of health and the environment.

Responsible sourcing of raw materials:

We hold ourselves as well as our supply chain responsible for addressing the risks

associated with the extraction, harvesting, processing, refining and transportation of raw

materials. We visualize a future in which all raw materials, not limited by specific materials or

locations, come from responsible suppliers.

Our commitment to the Responsible Raw Material Supply extends our Code of Conduct

to the farthest reaches of our upstream supply chain in support of human rights; work, health,

safety and environmental protection; and business ethics. We require our suppliers to

incorporate these commitments into their own sourcing practices, contracts and supplier

management. We believe that, through strong partnerships with our suppliers and key

stakeholders, we can positively influence our raw materials supply chain.

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Continuous Improvement

We are committed to the continuous improvement of services, activities and products in

the context of their relationship with the environment. To this end, objectives and goals that

can be achieved in the future and which are coherent with this environmental policy will be

established and systematically reviewed.

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Fair and Ethical Operations Practices

Transparency

We recognize the importance of transparency when developing a business, and we are

committed to promoting environments of trust in which there is access to information, open

and two-way communication, as well as the significant involvement of professionals in the

decision-making process.

Ethical Behaviour

Behaviour within Industrias Alegre S.A., is based on the values of honesty, equity and

integrity. These values imply concern for people, animals and the environment. Likewise, we

are committed to the minimizing impact of our activities and decisions on the interests of the

company’s stakeholders.

Confidentiality

We recognize the need to protect personal and business privacy, and as such, we are

committed to handling the data of our employees, customers, suppliers and partners in a

responsible manner and in accordance with the current legislation.

Corruption and Bribery

We reject all forms of corruption by applying a zero tolerance criterion in relation to the

use of unethical or illegal practices carried out in order to obtain any form of benefit or

advantage. Equally, we reject any behaviour or attempted bribery aimed at unduly influencing

the behaviour of another company, whether public or private, individual, government, etc.

Integrity

We commit ourselves to and strive towards developing our business in a way that

encourages participation, cooperation and honesty between the company’s departments,

creating a culture of humility and humanity in which mistakes and the seeking of help are

accepted as part of the professional learning process.

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Commitment to the Community

Industrias Alegre is committed to fostering the

creation of ties that reinforce the company's long-term

relationship with society, and as such actively participates

in supporting charities and social events in our

community.

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Responsibility and Implementation

This document is an expression of our culture and our ethical values, which reaffirm our

will to maintain the highest standards of quality and integrity. All the company’s workers must

comply with, and report any knowledge or suspicion of violation of, this code of conduct

through the Human Resources department. The company prohibits any type of retaliation

against any worker who reports in good faith any violation of this code. Likewise, we

encourage the suppliers who make up our supply chain to adapt the principles articulated in

this code to their business activities and operations.

Queries, claims or complaints

For any query, claim or complaint you can contact the Human Resources Department at

the following telephone number:

+34 961220200

Or at the following e-mail address:

rsc@ialegre.com

José Enrique Careaga Sánchez CEO