Business ethics

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The high degree of entrepreneurial expertise the K+S Group shows in its business segments is recognized by business partners and other stakeholders alike. We consider it a great challenge to maintain and to continuously develop this reputation. In order to do this we rely on the integrity and responsibility of each individual employee.

In the area of business ethics we set ambitious targets in the material issues sustainable supply chains and compliance & anti-corruption.

Sustainable Supply Chains

Demanding sustainable practices from our suppliers along the entire supply chain to align all business activities to our values.

 

To firm up our concept for our suppliers, our focus in 2017 was on a comprehensive review of supplier management including a risk assessment. A Supplier Code of Conduct has been developed and implementation commenced. It covers human rights, employee rights, health and occupational safety, environmental aspects and corporate citizenship.

In our activities, the entire procurement process is assessed, from the initial request through to delivery and performance to settlement. The evaluation of suppliers is then also incorporated in the total cost of ownership calculation. This evaluation is supplemented by self-disclosure, which new suppliers are required to submit. Should it become evident that a supplier does not meet our criteria, the Company’s internal members of the supply chain will be informed immediately. A total of 99% of our contractual partners are based in OECD countries.

Compliance & Anti-corruption

Establishing a zero tolerance policy for corruption and bribery as well as anti-competitive practices to avoid the risks of liability, culpability, loss of reputation as well as financial disadvantages.

 

In addition to our Core Values and Principles (Code of Conduct) as well as our commitment to the UN Global Compact, the Group-wide internal regulations form the basis for our compliance management system.

Extractive Industries Transparency Initiative

In order to make the contribution of Germany’s raw material sector transparent and help it achieve greater prominence, we are involved in the German Extractive Industries Transparency Initiative – EITI. Together with other industry representatives, non-profit organisations and policymakers we discuss and shape the implementation of this international standard in Germany.

Global Compact of the United Nations

K+S admits its responsibility to the ten principles of UN Global Compact in the areas of human rights, labour, environment and anti-corruption. These are reflected in our Core values and principles (Code of Conduct) which are binding on all employees.

 

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