Compliance
Compliance for us means more than just following rules and regulations. Compliance is a matter of mindset: reliability, honesty, trustworthiness and integrity are part of our DNA. We would rather sacrifice a contract than win it by breaking the rules.
What we represent
For us, compliance is a central element of good corporate governance. It means much more than compliance with rules and regulations. It is a matter of mindset. It applies to each of us at thyssenkrupp, every day, in every place.
Values such as integrity, honesty, trustworthiness and fairness are not empty words for us, but permeate our corporate DNA. This is the standard we apply in developing our strategic compliance activities, creating a culture of values that must be collectively supported and consistently carried out by all employees - especially our managers. A written code of values forms the basis of our decisions.
At thyssenkrupp, this culture of values is embedded in the Company Mission. With our commitment to compliance, the Board of Directors takes a firm stance in rejecting compliance violations of any kind. This unequivocal commitment is supported by a code of conduct and various Group policies, particularly in the areas of anti-corruption and antitrust law.
thyssenkrupp means compliant and honest business
It is important to us that our corporate philosophy is present at all levels of the Group in the interest of "good corporate governance." We are trying to make sure that there are no systemic weaknesses or deficits in Compliance or anywhere else.
At the same time, we want to foster entrepreneurial courage within a clearly defined framework. While it is part of our philosophy to take calculable entrepreneurial risks and to make and accept mistakes, we will not take risks with compliance.
Intentional breaking of laws and internal rules is not acceptable both legally and in our understanding of Compliance.
We have three rules:
We investigate all reports of legal violations and explain the facts;
Any violations found are immediately stopped;
All violations found are systematically and appropriately sanctioned based on a zero tolerance policy.
People make mistakes. If an employee who has inadvertently violated the law admits his mistake and tries very hard to correct it, deserves a second chance - if the circumstances of a particular individual case allow it. This, too, is a matter of a culture of values and honesty in our dealings with each other.
thyssenkrupp stands for compliant and honest business - this is a standard that we definitely live up to. We would rather lose a contract than win it by breaking the rules.
Sending a report
Contact channels for reporting violations.
Compliance Commitment
thyssenkrupp stands for technological competence, innovation, customer orientation and motivated, responsible employees. These factors are the basis for our high reputation and the Group's long-term economic success in global competition.
"Corruption and antitrust violations threaten these success factors and will not be tolerated (zero tolerance). For us, bribes and cartel agreements are not the way to win business. We would rather walk away from a deal and fail to achieve internal goals than go against the law. All employees are asked to actively cooperate in their areas of responsibility in implementing the thyssenkrupp Compliance Program."
Regarding corruption and antitrust violations, the Board of Directors of thyssenkrupp AG has issued the following thyssenkrupp Compliance Commitment, which clearly expresses their position on compliance with relevant Group laws and policies.Zarząd thyssenkrupp AG wydał następujące Zobowiązanie Compliance thyssenkrupp*
Through its Compliance program, thyssenkrupp has taken extensive measures to ensure compliance with corruption and antitrust laws and Group policies based on them. Violations will not be tolerated and will result in sanctions against those involved. All members of the Board of Directors and managing directors, all senior managers and other employees must be aware of the extraordinary risks that corruption and antitrust violations may mean for thyssenkrupp, as well as for them personally.
*Originally established by the Board of Directors of thyssenkrupp AG on April 16, 2007.
Code of Practice
Respect, cooperation and social responsibility are the cornerstones of sustainable business success.
At thyssenkrupp, this philosophy has a long history. The German social security system is based in part on models introduced by our company 160 years ago. Equal opportunity and fair pay in accordance with local standards are a matter of course for us. At a minimum, we offer salaries and benefits in accordance with national and local statutory and industry standards, including pension and health benefits.
In addition, thyssenkrupp recognizes the UN Global Compact and is committed to the UN Universal Declaration of Human Rights and the International Labor Organization (ILO) Core Labor Standards.
The main rules and regulations governing our operations, as well as the standards we set in our dealings with business partners and stakeholders, are summarized in the thyssenkrupp Code of Conduct. For employees, managers and the Board of Directors, it provides framework guidance on the following issues:
Legal compliance
Avoidance of conflicts of interest
Fair competition
Prevention of money laundering
Equal treatment and non-discrimination
Human and labor rights
Cooperation with employee representatives
Occupational health and safety
Environmental and climate sustainability
Donations
Political lobbying
Public behavior and communication
Reporting
Confidential company information/insider information
Data protection and information security
Protection of company property
