Avoiding Risks & Seizing Opportunities
Responsible business practice is one of the Group’s most important goals. Our Group-wide policies, in particular our Code of Conduct, are the guiding principles for ethically and ecologically sound action in keeping with applicable laws and norms. These policies provide clear orientation for our managers and employees by conveying to them our values and principles.
This enables company leaders to direct the business with clarity and foresight and help minimize economic, ecological and social risks. We utilize defined management processes and systems to monitor and manage the implementation of our policies. At the same time, it is our goal to create an awareness of good business practices and establish a culture of personal responsibility within our company.
Our main focus areas for responsible business practices are human resources and labor relations, health management and safety, data protection, procurement, compliance, environmental protection and corporate citizenship. The previously informal exchange among these areas was formalized in 2013 and expanded to include other divisional functions. The Responsible Business Practice (RBP) network is tasked with facilitating exchange among these cross-divisional functions and developing solutions to future challenges in these areas. Overarching CR issues will be discussed in the RBP Working Group, and as needed, submitted to the RBP Council for resolution.