Supplier Code of Conduct and Ethics

At Magna, we set high ethical standards for ourselves and our suppliers.

Magna’s suppliers, vendors, consultants, independent contractors, agents, or any other third party engaged to carry out any action on our behalf (“suppliers”) must always act with integrity by obeying the letter and spirit of laws, regulations, standards (together, “laws”) and Magna policies that apply to them, wherever they do business. They should, in turn, also require that their suppliers abide by the requirements of this Code.

The requirements of this Code are in addition to the requirements set out in any agreement or other set of terms and conditions that apply to your relationship with Magna.

While the laws that apply to our suppliers are numerous and vary by jurisdiction, some important principles that must be followed include:

Antitrust and Competition Laws

We compete vigorously while respecting free and fair competition. We expect the same of our suppliers.

Suppliers must comply with all applicable antitrust and competition laws and cannot engage in any act that improperly reduces competition. Examples of such prohibited acts include agreeing with competitors to fix prices, set discounts or terms of sale, limit production, divide markets, allocate customers, coordinate bidding activities, boycott customers and suppliers, fix employee compensation, or refrain from hiring each other’s employees. In some jurisdictions, the mere exchange of sensitive commercial information is illegal.

Read Magna's Antitrust and Competition Policy

Fairness, inclusivity, safety and sustainability are values we hold dear at Magna and which we strive to achieve in our operations. We expect the same of our suppliers.

Our employees are required to demonstrate their integrity each day through their actions. They are also required to speak up if they become aware of a situation in which someone may have failed to live up to our ethical standards. Our suppliers are required to do the same if they learn of a violation of this Code.

Conflicts of Interest

To ensure that relationships with our business partners are based on integrity and sound business judgment, we require our employees to promptly disclose conflicts of interest. Similarly, we expect any supplier to inform us promptly if it has a family or close personal relationship with the Magna employee making or influencing a business decision that may benefit the supplier.

Read Magna’s Conflicts of Interest Policy.

As a supplier to Magna, we ask that you uphold the values of honesty and integrity embedded in this Code. In particular, we note that violating certain elements of this Code is a violation of the law in the jurisdictions in which we operate. Magna does not tolerate any violations of the law by its suppliers.

Reporting Concerns and Non-Retaliation

We require you to take steps and ensure your employees understand this Code and comply with its requirements. We expect our suppliers, and their employees, to speak up promptly in the event that they learn of a violation of the law or this Code (while working for Magna), either by the supplier itself or by Magna employees.

You can always make the report to the Magna employee who is your primary contact, a member of Magna’s Compliance team found on magna.com, or by using Magna’s reporting line, accessible at magnahotline.com. Reports to that line can be made anonymously in most countries.

Depending on the circumstances, Magna may take a range of actions to remediate a failure by a supplier to comply with this Code, for example by suspending business with the supplier until corrective measures have been implemented or by terminating the relationship with the supplier.