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Compliance topics
External Review of our Compoliance Management SystemAudited. Confirmed. Transparent.
Continuous exchange with external experts
For us as a company, a continuous exchange with external experts is particularly important. We were one of the first companies in Germany to be certified in accordance with the auditing standard 980 of the Institute of Public Auditors in Germany (Institut der Wirtschaftsprüfer e.V.) in relation to anti-corruption and antitrust law.
In 2024, we again subjected our Group-wide compliance program to an external audit in accordance with IDW PS 980 by KPMG AG - this time both anticorruption and anti-trust and for the first time in relation to the sub-areas of data protection, money laundering prevention and foreign trade law.
These "assessments" are an important tool for us to continuously improve and develop our compliance management system. The findings from the external reviews by Transparency International (TI) as part of the Defense Companies Anti-Corruption Index (DCI) are also incorporated into the further development of our compliance management system.
External Assessment 2024 by KPMG according to the IDW PS 980 standard
Following the audit in 2011 for the topics of anticorruption and antitrust law, thyssenkrupp had its groupwide compliance program audited for the first time by KPMG AG in accordance with Audit Standard 980 of the Institut der Wirtschaftsprüfer e.V. (IDW AsS 980) for the topics of data protection, anti-money laundering and trade compliance.
On April 19, 2024, KPMG confirmed that the respective compliance management systems are appropriate, suitable and implemented. Where recommendations for compliance work were made on the basis of the audit results, their implementation is being reviewed.
Furthermore, the core compliance topics of anticorruption and antitrust law, which were already certified in 2011, have been re-audited at the effectiveness level. On July 31, 2024, KPMG confirmed the appropriateness, implementation and effectiveness of the compliance management system in the delineated areas anticorruption and antitrust law.