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Code of Business Conduct

At DSM, we collectively embrace the concept of sustainability. To us, being sustainable means simultaneously creating value along three dimensions: human, environmental and economic. In other words, it means a commitment to meeting the triple bottom line of People, Planet and Profit. It is this triple bottom line that forms the framework for our Code of Business Conduct, which defines how we choose to do business and interact with all our stakeholders.

Our mission is to create brighter lives for people today and generations to come, which is driven by our bright science. At DSM we want to be part of society; ultimately, we want to help solve some of the most pressing issues of today’s world, like climate change and malnutrition. We use our science and expertise to develop innovative solutions that matter. This is why we do what we do.

How we do this is embedded in our core value sustainability: we aim to simultaneously ensure economic prosperity, environmental progress and social advances - a so-called triple bottom line. These three dimensions - People, Planet and Profit - form the basis for our Code of Business Conduct. This Code defines how we do business and interact with all our stakeholders: employees, customers and suppliers, shareholders, and society-at-large, to name a few.

Our mission is summarized in our tagline Bright Science. Brighter Living. This, together with our core value sustainability and our Code of Business Conduct creates ‘One DSM’: a company that aims to make the world a better place and at the same time secures its own place in the world as a successful, well-run business that performs well and makes a real contribution to its customers and society.

The latter is what our corporate Strategy 2018: Driving Profitable Growth is all about: growing the company by profitably providing products and solutions that address key societal global needs such as providing health and nutrition for all, developing alternative energies, and combatting climate change. Together with the areas in which we are active – health, nutrition and materials – the strategy describes what we do.

Our mission expresses why we exist, what we add to the changing world, and how we make it a better place. It expresses who we are and what we aspire to be. It gives us direction and purpose.

Our purpose is to create brighter lives for people today and generations to come.

We connect our unique competences in life sciences and materials sciences to create solutions that nourish, protect and improve performance.

We work together to make our mission a reality. We seek to make a positive difference. Everything we do is intended to enhance people’s individual and collective quality of life.

We think and act long-term. We look to create solutions that last and that create a better future for people, today and tomorrow. Our commitment to sustainability is at the heart of everything we do.

Based on our bright science and together with business partners and other stakeholders, we develop and deliver solutions to customers across all industries around the world.

Our Brighter Living Solutions are profitable innovations and products that are measurably better for planet and people. They address societal needs, improve people’s lives and make a lasting difference to the world in which we live.

Our mission is supported by our core value that everything we do should contribute to a more sustainable world. To us, achieving sustainability means simultaneously pursuing economic performance, environmental quality and social responsibility, in other words creating value on the three dimensions of People, Planet and Profit.

We treat our people and the people upon whose lives we have an influence with respect. We ensure that we attract and retain talent from a wide variety of backgrounds (in gender and nationality for example) to drive diversity of thoughts and styles.

We believe that caring for the planet is a moral obligation which, at the same time, provides unique business opportunities and success not only for ourselves but for society at large.

We earn sustainable financial results that enable profitable growth for our company today and in the future and address the interests of our shareholders. Our commitment to our value of sustainability in all aspects is unwavering.

This value guides us in all our actions and also forms the basis for our Code of Business Conduct.

Our organizational culture defines who we are as a cohesive team and what behaviors we hold to be the foundation for our professional environment in order to deliver on the ambitious goals of our strategy. Two important building blocks of our culture are:

One DSM Culture Agenda: The One DSM Culture Agenda themes - External Orientation, Accountability for Performance, Collaboration with Speed, Inclusion & Diversity - are closely aligned with our business strategy. We need to improve our agility and speed in decision-making, our collaboration with colleagues, and trust in their professionalism. We need to be open, and invite more constructive challenges.

Leadership at DSM: We have high expectations of our leaders and hold them accountable to five distinct behaviors: Insight – Shape – Connect – Develop – Deliver. We expect leaders to have deep insights in themselves and others, which they will then use to shape their strategy, connect it to people internally and externally, and subsequently deliver on our promises - and develop our talent for today and tomorrow.

Within One DSM our culture agenda themes and leadership behaviors work together to establish the tone of how we work as a high-performing organization. We encourage everyone to demonstrate an agility to learn, innovate and collaborate across the organization. We have to learn how to deal with the dilemmas we certainly will face if we want to create added value in all three sustainability dimensions – People, Planet, Profit and find creative solutions to so-called Fosbury Flops, where we face set-backs or issues in reaching our goals and realizing our ambitions.

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