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Code Of Ethics

Ethical principles for social responsibility

PREAMBLE

 

The team member is committed to social responsibility within the framework of business activities around the globe (internationally known as "CSR"). This "Code of Ethics" for social responsibility (hereinafter referred to as "COE") acts as a company guideline, especially in terms of working conditions, social and environmental sustainability, transparency, trusting partnerships and dialogue. The content of this COE is an expression of the shared core values of the Bachmann group of companies around the globe.

1. Basic understanding of socially responsible management

 

This COE is based on a shared basic understanding of socially responsible management. This means that the team member accepts this understanding by considering the consequences of his or her business decisions and actions from an economic, technological but also social and ecological standpoint and

applies an appropriate balance of interests. As far as he or she is free and able to do so, the undersigned employee contributes to the well-being and sustainable development of global society at the sites where he or she works. He or she acts in line with general ethical values and principles, in particular integrity, rectitude and respect for human dignity.

2. Scope

 

2.1 This COE applies to all subsidiaries and companies within the Bachmann group of companies around the world.

2.2 The team member undertakes to encourage observance of the content of this COE throughout the value-added chain inside and outside the group of companies wherever he or she is free and able to do so.

3. Key aspects of socially responsible management

 

The team member actively takes steps to ensure that the values and principles stated below are observed in the long term.

3.1 Compliance with legislation

 

The team member complies with valid legislation and other statutory requirements in the countries where he or she works. In countries with a weak institutional framework, he or she carefully checks which good practice from his or her own country should be applied to support responsible management. If he or she is not empowered to do this, he or she reports instances of major violations to the company's representative.

3.2 Integrity and organizational governance

 

3.2.1 The team member acts in accordance with general ethical values and principles, in particular integrity, rectitude, respect for human dignity, openness and non-discrimination with respect to religion, worldview, gender and ethics.

3.2.2 The team member rejects corruption and bribery in the sense of the relevant UN Convention. He or she takes appropriate action to promote transparency, integrity and responsible management and monitoring in the company.

3.2.3 The team member pursues clean and recognised business practices and fair competition. When faced with competition, he or she displays professional conduct and high standards for quality of work. He or she maintains an open and trusting relationship with supervisory bodies.

3.3 Consumer interests

 

As far as consumer interests are concerned, the team member follows requirements to protect consumers and appropriate sales, marketing and information practices. Particular attention is paid to protected groups (e.g. protection of young people).

3.4 Communication

 

The team member communicates the requirements of this COE and its implementation to colleagues, customers, suppliers and other interested parties and stakeholders in a open and dialogue-oriented manner. All documents and records are produced conscientiously, not dishonestly modified or destroyed and archived correctly. Trade secrets and business information about partners are treated sensitively and with confidentiality.

3.5 Human rights

 

The team member works to promote human rights. He or she upholds human rights in accordance with the UN Universal Declaration of Human Rights, in particular:

3.5.1 Privacy

 

Protection of privacy.

3.5.2 Health and safety

 

Assurance of health and safety, especially assurance of a safe and health-promoting working environment to avoid accident and injury.

3.5.3 Harassment

 

Protection of employees from physical punishment and physical, sexual, psychological or verbal harassment or abuse.

3.5.4. Freedom of opinion

 

Protection and assurance of the right to freedom of opinion and free speech for employees.

3.6 Working conditions

 

The team member upholds the following core working standards of the ILO:

3.6.1 Child labour

 

The ban on child labour, i.e. the employment of persons under the age of 15 provided that local regulations do not stipulate a higher age limit and provided no exceptions are permitted.

3.6.2 Enforced labour

 

The ban on enforced labour of any kind.

3.6.3 Ban on discrimination

 

Discrimination-free treatment of all staff.

3.7 Environmental protection

 

The team member satisfies the environmental protection requirements and standards applicable to his or her area of responsibility, and acts with the environment in mind at all sites. He or she also takes a responsible approach to the use of natural resources in accordance with the principles of the Rio Declaration.

3.8 Civic involvement

 

The company welcomes the team member contributing to the social and economic development of the country and region where he or she works and encouraging his or her colleagues to undertake voluntary activities to this end.

4. Implementation and application

 

The team member makes every appropriate and reasonable effort to continuously implement and apply the principles and values described in this COE. On request and in the spirit of reciprocity, contractual partners should be informed of the key measures so that they understand how these principles and values are observed in practice. There is no entitlement to the sharing of operating or trade secrets, information relating to competition or other sensitive information.