thyssenkrupp is strongly committed to upholding highest standards in sustainability, including environmental and social responsibility as well as good corporate governance.
At thyssenkrupp* we have created a Groupwide compass in our mission statement to guide our actions and behavior. This naturally includes respect for human rights as a core value at thyssenkrupp. We are committed to the United Nations International Bill of Human Rights and its implementation throughout the Group. We also demonstrate our commitment by signing the 10 principles of the United Nations Global Compact.
The main principles and rules of our actions and the standards we set ourselves in our dealings with business partners and stakeholders are summarized in the thyssenkrupp Code of Conduct. This forms the principal framework for the Executive Board as well as for all thyssenkrupp leaders and employees. The thyssenkrupp Code of Conduct contains all the fundamental principles and rules for responsible and ethical behavior towards people inside and outside the company. We base our actions on these. We also work to ensure that our direct suppliers respect human rights and are committed to ensuring that this is also the case for indirect suppliers.
Sustainability is an integral part of our business strategy.
thyssenkrupp is committed to the highest sustainability standards, which include good corporate governance and environmental and social responsibility. As an international group of companies we develop technologies and solutions for future market and customer needs. To secure the sustainable success of our customers with innovative product and service solutions, we source raw materials, goods and services worldwide. The basis for this is responsible corporate management geared to long-term value creation.
Policies and Groupwide standards
Human rights are addressed at thyssenkrupp in the following policies, guidelines and standards, in particular in
Our understanding of human rights at thyssenkrupp
As an international group of companies, thyssenkrupp is aware of its responsibility and is committed to complying with internationally recognized human rights and environmental protection standards.
Risk analysis and risk management
Dealing responsibly with risks is part of thyssenkrupp's corporate governance, as continuous and systematic management of business risks as well as opportunities is fundamental to professional corporate management.
thyssenkrupp is reviewing and adapting its long-established supply chain risk analysis process for the Group to the requirements of the German Act on Corporate Due Diligence in Supply Chains. For this purpose, direct suppliers are reassessed with regard to their risk potential with the help of additional external risk indices as well as further information already available (including concrete findings, preventive measures already taken) and prioritized according to risk levels.
The prioritization forms the basis for focused, proactive risk and measures management by the corporate group.
In terms of processes, the risk analysis is carried out by the corporate group on a regular basis - at least annually - and documented in a reportable form. In addition, an event-related risk analysis can be carried out if required by the risk assessment determined by thyssenkrupp or if there are actual indications of breaches of duty - also at indirect suppliers.
Organization / Execution
thyssenkrupp has developed an efficient organizational structure to create a constant culture of sensitivity in dealing with human rights and to consistently ensure human rights in daily business.