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.

 

Open and fair partnership characterises the cooperation with our suppliers and service providers, which we select in a systematic, transparent and IT-supported process not only based on economic criteria. In addition to law-abiding conduct, we also expect them to respect human rights as well as the core labour standards of the International labour organisation (ILO).

In the context of ‘sustainable supply chains’, which is part of the 2016 – 2018 sustainability program, we will especially focus on sustainability and compliance with our values, the further development of comprehensive supplier management and risk assessment. Our aim is to continue and build up long-term partnerships through cooperation. We assess the entire procurement process from the initial request through to delivery of the service and settlement. In this regard we consider quality as well as environmental and safety standards.

This evaluation is supplemented by a self-assessment which every new supplier is required to submit. Should it become evident that a supplier does not meet our criteria, the Company’s internal participants in the supply chain will be informed immediately. Virtually all of our partners originate from 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.

 

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.