Introduction
It is important that we all understand our obligation to conduct business in a way that is both ethical and consistent with our corporate policies.
Today, as the mobility landscape continues to become more complex and challenging, it is important that we all understand our obligation to conduct business in a way that is both ethical and consistent with our corporate policies.
Our Code of Conduct and Ethics (the “Code”) acts as a guide to help us maintain our ethical standards.
We expect and require every employee to act in accordance with applicable law and consistent with our core values and business principles. We also expect our suppliers, consultants, independent contractors, agents, and other representatives to meet these standards. Violations of this Code will lead to disciplinary action for employees, up to and including dismissal.
This standard applies to how we:
- treat one another in the workplace;
- manage our environmental responsibilities;
- engage with competitors;
- interact with government officials; and
- protect our confidential information as well as that of our customers.
Each of us is responsible for acting with honesty and integrity and making the ethical choice all of the time. It is a key part of our job. Our Ethics & Legal Compliance team is committed to providing the necessary training and ongoing support to enable us to succeed in this area.
Our Code applies to interactions in our shared professional lives, including daily office encounters, shared online spaces, social media, conferences, and other events where we represent Magna.
This Code is provided as a resource to help guide us through our duties as Magna employees, and it offers topics for ensuring compliance with local and international laws.
Q
I’m a Magna employee. Does this Code of Conduct and Ethics apply to me?
Yes. The Code applies to all employees of Magna International Inc. (including full-time and part-time employees) and all of its operating groups, divisions, joint ventures and other operations globally. It also applies to all of our board directors and officers.
I’m a supplier to Magna. Does this Code apply to me?
Anyone who acts on our behalf, such as suppliers, consultants, independent contractors, agents, and other representatives are required to meet the requirements in the Supplier Code of Conduct, which sets out standards that are similar to those found in this Code.
What are the consequences if I violate this Code?
We are deeply committed to the values of this Code and will take seriously any failure to uphold these commitments. Violations of this Code will lead to disciplinary action. The type of discipline will depend on the severity of the breach and may include dismissal from employment in serious cases.
The consequences are the same for our suppliers, consultants, independent contractors, agents or other representatives who fail to meet the ethical standards expected of our employees. If the breach is serious, we may terminate our relationship with the third party.
We must also keep in mind that some sections of this Code reflect applicable legal requirements. This means that, in some cases, an action that breaches our Code may also violate the law. In these instances, the punishment can include fines or imprisonment.
Vision | Mission | Values
Our Vision
Advancing mobility for everyone and everything.
Our Mission
Our mission is to use our expertise to create a better world of mobility, responsibility. We do that by developing technologies, systems and concepts that made vehicles safer and cleaner for everyone.
Core Values
Guided by our Employee’s Charter, our core values are a reflection of who we are as individuals and as a company.
Think big
Take responsibility
Never settle
Be collaborative
Please note that the questions and examples provided throughout this document are solely illustrative, do not describe actual events, and are not intended to capture all, or even the most serious, cases which may arise under our Code of Conduct and Ethics.
Originally Enacted: May 1, 2016
Current Version: May, 1 2024
Next Review: Q1 2027
Issued by: Ethics and Legal Compliance
Approved by: Board of Directors