Code of Conduct
OUR PRINCIPLES FOR ETHICAL ACTION
> Principles of conduct
> Work conditions and human rights
> Health promotion
> Environmental protection/Sustainability
> No conflicts of interest
> No bribes, no corruption
> Communication and handling of information
> Customs and foreign trade
> Protection of corporate assets
> Counterfeit parts
> Secrecy and data privacy
> Implementation, monitoring, contacts
> Responsibility and consequences
It is the responsibility of every individual to inform themselves on applicable laws, regulations and internal instructions. The different specialist departments will help with this.
PRINCIPLES OF CONDUCT
For KRACHT, all business decisions and activities must be firmly entrenched in applicable law and other relevant provisions at the national and international level. Honesty, integrity and sincerity will nurture fairness in competition also with respect to our customers and suppliers.
KRACHT is committed to act with an economic, social and ecological conscience. KRACHT is engaged to pursue business with competence and a robust set of ethics and to ensure fair competition in all markets we are engaged in by conforming to existing legislation on cartels, competition, and restrictions of competition. Obtaining unfair advantages over customers, suppliers or competitors is a no-go.
KRACHT will always conclude written contracts, and only under involvement from the relevant specialist departments. Legally binding declarations can only be made by employees who have been duly authorised or permitted to do so.
KRACHT expects its employees to be loyal to the company.
WORK CONDITIONS AND HUMAN RIGHTS
KRACHT condemns unlawful discrimination or harassment of any kind. Most notably, disadvantaging people for their ethnicity, sex, religion, ideology, impairment or sexual orientation are strictly prohibited. The same applies expressly to dealing with co-workers, colleagues and business partners, or the recruitment, promotion and dismissal of staff. KRACHT does not accept forced or child labour in any way, shape or form. KRACHT expects its suppliers to comply with the applicable national regulations and international standards governing the protection of minors.
As a socially responsible employer, KRACHT sees its workforce as an invaluable resource. KRACHT creates an environment in which it offers personal and professional development for every individual. It also invests in the qualification and competence of its workforce. In return, KRACHT expects its employees to demand high expectations of themselves, their performance, and their health. This means that following safety provisions and practices is a must.
ENVIRONMENTAL PROTECTION / SUSTAINABILITY
NO CONFLICTS OF INTEREST
Such conflicts of interest can materialise in a number of situations: For example, no-one is allowed to gain advantages of any kind which, when looked at from a reasonable perspective, can be assumed to impact KRACHT‘s business decisions or transactions. Therefore, invitations must stay within the limits of customary hospitality. Employees are not allowed to gain direct or indirect advantages by exploiting their position within the company and obtaining confidential information.
Everybody is under the obligation to further KRACHT‘s legitimate interests to the greatest extent possible. Any situation of competition with the company has to be avoided.
Any actual or potential conflict of interest has to be reported and discussed with the relevant superiors.
NO BRIBES, NO CORRUPTION
COMMUNICATION AND HANDLING OF INFORMATION
All employees must, on their own initiative, inform themselvesabout the laws, provisions and internal instructions that are relevant to the respective department. When in doubt, turn to the human resources division or the competent specialist department (e.g., customs/export control) for advice.
Unfaithful reporting within the company or to external organisations or persons is prohibited. All of KRACHT‘s annual accounts and reports, business documents and business records must give an accurate account of transactions, and they must comply with the statutory requirements,
the accounting principles, and KRACHT‘s internal accounting procedures.
CUSTOMS AND FOREIGN TRADE
The trade in goods, services and technologies is regulated by national and international laws. All employees must comply with the foreign trade and customs regulations and import/export provisions applicable to their specific field of responsibility when products, services or technologies are sold or bought transnationally. When in doubt, the employee has to inquire with the competent contact persons in the specialist departments.
The specialist department which is responsible for customs handling and export control must verify the compliance of all imports and exports against the relevant provisions.
PROTECTION OF CORPORATE ASSETS
SECRECY AND DATA PRIVACY
Intellectual property in particular is subject to this obligation to secrecy; this includes business secrets, patents, brand and copy rights, business and marketing plans, drafts, business documents, salary data and all other unpublished financial data and reports.
Personal information with respect to staff, customers, business partners, suppliers and other third parties must be used with due care within KRACHT and treated confidentially in full compliance with the laws on data privacy. Utmost diligence must be used to protect such information.
IMPLEMENTATION, MONITORING, CONTACTS
Whenever you have questions, concerns or complaints regarding the provisions of this code of conduct or if you learn of a breach of the principles of conduct contained therein, you should not hesitate to report to a superior so that the issue can be resolved. This may take place anonymously or confidentially (e.g., via the works committee).
Should you not be happy with the resolution, you can turn to the compliance officer, in addition to a superior, to discuss your concern or complaint. KRACHT will allow no reprisal due to a bona fide complaint raised in accordance with this code of conduct.