SQM stakeholders are the groups most affected by our decisions. Specifically, our people, local communities, business parties, and shareholders. These groups must be borne in mind when we make decisions and supply our goods and services. Our actions trigger consequences in the real world and the impact caused on our stakeholders must be taken into account.

People represent our most valued asset. Those of us who work at SQM are valued and respected members of our organization. To get the job done and build trust through respect we must rely on each other, which has been the key to our long-term success

We are more productive when the environment around us is safe and healthy. Some guidelines must be followed to ensure we will work in a safe and efficient way. We are of the belief that practically all workplace safety accidents and risks can be averted. A safe workplace will maximize productivity and reduce losses.

SQM employs, sophisticated equipment and machinery that frequently demand advanced training. It is our responsibility to make sure we receive the proper training before we can operate equipment associated to our job in a safe and responsible way. Should you realize something is unsafe, report it so that it gets fixed and an accident is prevented.

Promoting respectful work relationships to create the conditions necessary for every individual to actively develop its skills is part of what we do while we do our job. We comply with all applicable legal regulations regarding fair working conditions, salaries, maximum working hours, child and forced labor. We foster integration all across our operations and uphold positive practices on human rights. Among such actions we find the total prohibition of recruiting child labor, forced labor, or any similar practice. The number of hours people should work must be in line with the applicable legislation and a fair payment must be made in return.

If you are suspicious that human rights violations are being committed, report it now so that the appropriate measures can be taken

At SQM, company's interests always come first. Conflicts of interests arise when our own activities or personal relationships interfere -or are perceived as interfering- with our ability to serve the primary interests of SQM. Acting in favor of one's own interests when this decision interferes with those of SQM's can affect the company and can even lead other people to question our impartiality. It is important to avoid and disclose real or potential conflicts of interests.

In general terms, people are prohibited from working at SQM while simultaneously working for a competitor company, supplier, customer, or similar party, as our personal interests will be torn between companies.

At SQM we respect the rights to privacy of personal data. For this reason, we ensure that all private personal data will be kept safe and used properly. People with access to private information must actively safeguard their privacy pursuant to applicable laws. Personal data include personal and other identification numbers, dates of birth, financial, medical, and salary information, and contact information, such as phone number, emails, and addresses.

In using company systems, such as email and instant messaging, workers should be careful and apply high ethical standards in their communications. Inappropriate or careless communications can end up in embarrassing or harmful situations for SQM. Pursuant to local legislation, the company reserves the right to monitor the use of systems and access data contained in computers, networks, and other company-owned devices.

SQM will abide by all applicable data privacy laws, like the EU General Data Privacy Regulation (GDPR) and similar local regulations.

We seek to create shared social value with the communities existing in the areas where our operations are based. To that end, we promote local sustainable development and respect for the autonomy of communities by keeping open a permanent engagement and dialogue process conceived to reach mutually beneficial agreements. We create bonds based on transparency, respect, and mutual trust.

We are committed to sustainable development and to strictly abiding by the current environmental regulations in place in each country where our operations are based, ensuring the possible impacts our processes may have on the environment, the responsible management of natural resources, the implementation of protective and preventive measures against contamination, the integration of climate change, and the continuous environmental monitoring will be rigorously assessed while caring for people's, well-being, biodiversity, and the environment.

We take every effort to ensure our job is done in a safe and environmentally responsible way and take good care to verify that all materials and waste are properly managed, according to our procedures and applicable legislation.

It is everyone's responsibility to properly report and correct any environmental violation that may occur within our operations.

Our business partners must observe high ethical standards pursuant to the Code of Conduct for SQM Business Partners. Among these business partners we can find vendors, distributors, agents, contractors, subcontractors, consultants, representatives, intermediaries, joint-venture partners, clients, and other third parties associated to SQM, or any of its subsidiaries or whoever does business on its behalf anywhere in the world.

Investment groups and people with an equity ownership in SQM who provide financial support are specially entitled to receive accurate and timely information. We are also responsible for providing value to our shareholders in a way that satisfies our short and long-term goals.

Our capacity to make intelligent and profitable decisions is mainly based on timely, accurate, and useful information. All the information we disclose about our company must be precise and truthful, in line with SQM legal requirements in order to keep accurate financial records and ledgers. The above includes information provided to government regulators, investors, Board members, our managers, finance team, and others. Each time we include financial statements in annual reports, balance sheets, expense reports, or other documents we must be certain this information is accurate and complete.

Using deceiving information to represent the financial soundness of our company can undermine our long-term success and, many times, violate the pertinent laws. Accounts such as sales figures, expenses, earnings, and invoices must be accurately recorded pursuant to applicable accounting procedures.

SQM has put in place a number of internal accounting controls with the purpose of guaranteeing that the transactions and other provisions regarding company assets be properly reviewed and then duly authorized by Administration. Meeting these important requirements will, in turn, allow us to meet our legal obligations and avoid taking risks.