Governance
Transparent processes and legally compliant business practices number among our basic principles. Ethical conduct is essential to maintain the trust of our stakeholder groups, and is therefore the basis for our longterm success. We require these high standards to be met throughout our entire value chain, and we carry out systematic inspections of our suppliers.
To embed awareness of ethical and legally compliant business practices in our corporate culture, we define binding requirements and issue instructions on conduct. Our Group-wide Code of Conduct and Business Ethics Policy (BEP) provide central guidelines in this regard. We implement regular training and awareness-raising measures as appropriate to the various levels and topics.
Our most important principles are integrity, reliability and transparency. Among the aspects included are safeguarding of human rights, ensuring fair competition, and combating corruption and bribery. Through our Supplier Code of Conduct together with systematic risk analyses, we ensure that our requirements are also met in the supply chain.
«We operate in different legal jurisdictions. This makes it all the more important to have a clear and unmistakeable stance regarding our understanding of correct business practices.»
Progress and events related to the material topics will be presented in the integrated annual report from 2023. The following topics are assigned to Governance Impact:
- Compliance
- Supply chain management