8. Business Conduct
TOPIC LEAD: GENERAL COUNSEL
Our target for 2027: We want to maintain zero incidents every year related to corruption or anti-competitive behavior.
Unethical business practices have the potential to damage the economy and society. They cause economic losses, promote social inequality, and undermine democratic processes. As a global business with a far-reaching network of business partners, we are committed to conducting our business ethically, legally, and in an environmentally and socially responsible manner, which is a precondition for all other material sustainability topics.
We undertake to carry out our business activities in an ethical, legal, and environmentally and socially responsible manner. We expect every business partner with which we have a business relationship to conduct himself in a similar manner. We assess every aspect of our business relationship and focus particularly on:
- No corruption
- Free competition
- Export compliance
Our Code of Conduct defines the fundamental standards and principles for employee interaction and behavior with partners, stakeholders, and the environment. With the Code of Conduct for business partners, our suppliers, local agents, and partners commit to conducting their business in an ethical, legal, and environmentally and socially responsible manner. Both have been reviewed and approved by the Board of Directors. All employees are required to explicitly acknowledge their understanding of the Code of Conduct on a regular basis. We train our employees in the fields of anti-corruption, compliance with free competition, and strict adherence to export controls.
Burckhardt Compression carries out regular internal audits of all its subsidiaires with a focus on financial, legal, and compliance topics. Every subsidiary is audited in a three-year cycle.
Our Speak Up reporting system is a complaints channel operated by an independent third party. It allows employees, business partners, and third parties that are or might be aware of suspected misconduct to register it in the reporting system. The sytem is designed to allow protection of the identity of the reporting party and for comments to be made anonymously. Burckhardt Compression is committed to investigating all cases according to our Speak Up policy and to cooperating in the remediation of negative impacts caused or contributed to.