Responsible Procurement

Human rights, fair working conditions, environmental protection and the battle against corruption – these are values that we hold high within our Group and throughout our supply chain. We at thyssenkrupp are committed to the United Nations Global Compact.

In order to manufacture and provide our products and service solutions, we source raw materials, goods and services globally and expect our suppliers to meet the highest standards of sustainability, both at their own companies and within their local and global supply chains. In this context, we place a special focus on continuously improving working conditions, protecting human rights and the environment, as well as fair conduct and sustainable business practices within the supply chain. Another focus of our sustainability activities is reducing carbon emissions along the entire product life cycle, from development and production to recycling. We have laid down the standards we demand of ourselves in terms of fairness, integrity and sustainability in the thyssenkrupp Code of Conduct.

We have tightly integrated responsible business practices into our procurement processes. Contract award decisions are made not only in accordance with legal, financial, technical, and procedural criteria, but also on the basis of social, environmental and ethical criteria. That is why sustainability plays an important role at thyssenkrupp in our collaboration with suppliers. The thyssenkrupp Supplier Code of Conduct (SCoC) 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. The SCoC will be refined and updated by thyssenkrupp as soon as any new material sustainability requirements make this necessary.

The mining of certain minerals in the Democratic Republic of Congo (DRC) and the adjoining countries partially contributes to significant human rights abuses and to the financing of violent conflicts in this region. In 2010, U.S. Congress passed legislation that is usually referred to as “Dodd-Frank Act” (full name: “Dodd-Frank Wall Street Reform and Consumer Protection Act”). Section 1502 of the Dodd-Frank Act adopted by the U.S. Securities and Exchange Commission (SEC) require companies who file reports with the SEC to disclose whether the products they manufacture or contract to manufacture contain "conflict minerals" that are "necessary to the functionality or production" of those products. "Conflict minerals" contain tantalum, tin, tungsten (and the ores from which they originate) and gold, regardless of where they are sourced, processed or sold.

thyssenkrupp AG (including all its subsidiary companies) does not file reports with the SEC and therefore has no legislative obligations to comply with the conflict minerals requirements covered in Section 1502 of the Dodd-Frank Act. At the same time we recognize the SEC final rule for Section 1502 mandates our direct and indirect customers to undertake due diligence across their global supply chains.

We at thyssenkrupp endeavor not to purchase any material that contains these "conflict minerals" which directly or indirectly finance or benefit armed groups in the DRC or an adjoining country. We are implementing reasonable due diligence processes to understand where "conflict minerals" are being used in our products and to determine the source and the origin within our supply chain. These actions are based on established frameworks of the Organization for Economic Cooperation and Development (OECD) and from other private sector initiatives. We are contacting our direct suppliers to increase the transparency of the materials they provide to thyssenkrupp. We support the Reponsible Minerals Initative (RMI) as well as their principles. Therefore we use and expect the reporting templates (latest version) published by the RMI throughout our supply chain. We will continue to work closely with customers, suppliers and other stakeholders to secure good practices and feasible solutions.

thyssenkrupp supports the International Bill on Human Rights of the United Nations and the core labor standards of the International Labour Organization (ILO). Our commitment is reinforced by our signature to the 10 principles of the United Nations Global Compact. thyssenkrupp is commited to eradicate slavery and human trafficking in its supply chain and own operations. Our efforts to achieve this are described in the "thyssenkrupp Modern Slavery Statement 2023/2024", which complies to the requirements of the United Kingdom Modern Slavery Act (2015) and the Australian Modern Slavery Act (2018)

Responsible Procurement

Statement

Sustainability at thyssenkrupp