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Compliance topics
Compliance ProgramStructures that enable integrity in action
How We Operate
thyssenkrupp has made a clear commitment to compliance with internal and external legal requirements through its Mission Statement, Code of Conduct and Compliance Commitment – applicable to all group companies, every executive and all employees.
The compliance program, which is the responsibility of the Group Function Legal & Compliance, rests on three pillars: "Inform and Advise," "Identify," and "Report and Act." It is closely integrated with risk management and the internal control system, and covers the core areas of anti-corruption, antitrust law, data compliance, anti-money laundering and trade compliance.
In addition, the compliance function supports the relevant departments in further compliance areas such as environment, energy, climate, information security and supplier compliance – in an advisory, coordinating and consolidating capacity. Responsibility for the content lies with the respective specialist function or segment.
The three pillars of our Compliance Program
Inform & Advise
Our compliance officers train and advise employees worldwide on the five core topics of the thyssenkrupp Compliance Program.
Identify
Our compliance officers regularly conduct proactive compliance audits on the core topics. The aim of these is to regularly examine critical business operations based on a risk-oriented, structured audit process. In addition, compliance investigations based on suspicion were introduced.
Key elements in the identification of compliance risks are the whistleblower system and direct contact to compliance managers or the Compliance function which provide employees and external persons with channels for reporting possible violations of laws or policies and regulations. A central hotline is available for this. Whistleblowers can choose to report potential violations of laws or regulations without disclosing their identity.
Report & Act
As well as regular reports to the Supervisory Board and Audit Committee, our intensive compliance reporting covers all levels of our group: the Executive Board of thyssenkrupp AG, the segment boards and management of group companies. In the event of proven violations, our “zero tolerance” policy applies: where necessary, sanctions are systematically imposed on those concerned.