Explore more
Compliance topics
Compliance culture
thyssenkrupp has a broad understanding of compliance: compliance with the law and internal regulations is a must for us and part of our corporate culture. Compliance creates the framework for our business actions and serves to safeguard our long-term business success.
What we stand for
Values such as reliability, honesty, credibility, and integrity are not empty words to us, but permeate our corporate DNA. This is the standard we apply when developing our strategic compliance measures, creating a value culture which must be jointly supported and consistently lived by all employees. In this context special responsibility is assumed by our executives, who have entrepreneurial responsibility for compliance. All thyssenkrupp executives have a duty and a responsibility to ensure compliance with the law and internal regulations in their sphere of responsibility and to work to ensure compliance.
A written code of values provides the basis for our decisions. This value culture is embedded in our Mission Statement. Through our compliance commitment the Executive Board takes a firm stance, rejecting compliance violations of all kinds. This unequivocal commitment is supported by a code of conduct and various policies.
thyssenkrupp stands for fair and straight business
What's important to us is that our corporate philosophy is lived at all levels of the thyssenkrupp group in the interests of “good corporate governance”. We strive to ensure that there are no systemic weaknesses and deficits.
In a healthy corporate and leadership culture, a commitment to excellence and acting in accordance with a shared set of values go hand in hand. Violations of legal regulations and internal rules are incompatible with our understanding of compliance.
thyssenkrupp stands for fair and straight business – this is the standard we resolutely pursue. We would rather sacrifice a contract than win it by breaking the rules.
Our strategic focus areas
We are constantly refining our compliance management system and adapting it to thyssenkrupp’s transformation process.
In addition to antitrust law and anti-corruption, key compliance topics include data compliance, foreign trade law, and anti-money laundering.
Risk-Based Development
Using various risk analyses - including bottom-up and self-assessment approaches - that take into account the degree of autonomy of each business unit, we identify the objective compliance risks within the companies of the thyssenkrupp Group and assess the extent to which the compliance program has been implemented.
The results enable precise and efficient management of compliance activities at all levels.
Code of Conduct: Orientation for our employees
At thyssenkrupp, we firmly believe that responsibility, respect and compliance with rules and laws are the cornerstones of any cooperation.
We set ourselves the highest standards, which our business partners worldwide can rely on and which we equally expect from them. Our Code of Conduct provides all of our company's employees with a framework for orientation. It applies at all our locations worldwide and summarizes the key principles and basic rules of our actions and our conduct towards business partners and the public and serves as a foundation for the following topics in particular:
Compliance with the law
Avoiding conflicts of interest
Fair competition
Preventing money laundering
Equal treatment and non-discrimination
Human and labor rights
Cooperation with employee representatives
Occupational safety and health
Sustainability and protection of environment and climate
Donations
Political lobbying
Presentation in public and communications
Reporting
Confidential company information/insider information
Data protection and information security
Protection of company property
Downloads
Our Code of Conduct describes the most important principles and rules of conduct to which the thyssenkrupp Group and its employees adhere.
The thyssenkrupp Supplier Code of Conduct addresses our expectations of suppliers and their subcontractors on the basis of legal requirements, comparable regulations in other countries, international agreements and principles and our own sustainability standards
Relevant links
Compliance-Commitment by the Executive Board of thyssenkrupp AG*
"As an international industrial and technology group with over 200 years of history, thyssenkrupp bears a social responsibility. Our sustainable economic success is based on innovative strength, technological expertise, quality, and customer focus. Our responsible conduct is defined by the strict adherence to all applicable rules and laws. Compliance is therefore given the highest priority.
With our Compliance program, thyssenkrupp has undertaken extensive measures to ensure that legal requirements in the areas of anticorruption, antitrust law, money laundering prevention, data compliance, and trade compliance, as well as the Group regulations based on these, are observed. Violations are not tolerated (zero tolerance).
To us, Compliance is a question of mindset: values such as reliability, honesty, credibility, and integrity permeate our corporate DNA. We would rather purposely forego a business opportunity or fail to reach our internal goals than act against the law.
The active participation of every executive and employee in implementing thyssenkrupp’s Compliance Program in their respective area of responsibility is essential to further strengthen the trust of customers, suppliers, shareholders, and society in thyssenkrupp."