Dear colleagues, Grundfos is one of the world’s leading pump manufacturers with an annual production of more than 16 million pump units. At Grundfos we believe that each day holds the possibility of solving the urgent challenges of the world – it is at the core of our purpose. Every day we choose to take steps to care for our people, our planet and our business. Grundfos is a truly global company operating in more than 55 different countries and across many different cultures, traditions, local laws and legislations and Grundfos is a company with strong values, high ethical standards and a reputation of honesty and integrity. The Grundfos Code of Conduct has existed for years and has been continuously updated and strengthened in order to improve our ethical governance. The revised Code of Conduct clearly states how Grundfos will conduct its business and what is expected of you as an employee. The Code of Conduct applies to all employees of Grundfos, in all countries and in all positions. It applies whether you are a part of Group Management, a General Manager, holds a managerial position or at any other level. It applies whether you are a white collar employee or a blue collar employee. The Code of Conduct is intended to guide you in your every day work and it will also provide you with a better understanding of Grundfos. Thank you for your continued support. Mads Nipper Group President
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