To us compliance is much more than just abiding by the law: compliance is a question of mindset. This includes our clear commitment that thyssenkrupp stands exclusively for fair and straight business. We would rather sacrifice a contract than win it by breaking the law.
thyssenkrupp has a broad understanding of compliance: Compliance with the law and internal regulations is a must for us and part of our corporate culture. Compliance creates the framework for our business actions and serves to safeguard our long-term business success. We provide comprehensive support for the core compliance areas antitrust law, corruption prevention, anti-money laundering, data protection and trade compliance.
thyssenkrupp employs more than 80 full-time compliance employees worldwide, of whom around 30 also have other legal tasks. They are supported by a network of around 250 compliance managers, who are generally top executives of a group company and ensure that the compliance program is implemented at operating level in their area of responsibility. Additionally, on September 30, 2021 there were over 160 data protection officers and data protection coordinators. Together they play a key role in permanently embedding compliance in the thyssenkrupp group of companies and are available to employees seeking advice.
Our compliance strategy is aimed at embedding a sustainable value culture at thyssenkrupp – a culture in which reliability, honesty, credibility, and integrity are the cornerstones of our actions.
Bona fide reports help counteract violations at an early stage and limit the damage for our company, our employees, and our business partners. Several channels for reporting information – anonymously if required – are available to all thyssenkrupp employees, and also to customers, suppliers, and other third parties.
thyssenkrupp submitted to a voluntary special audit in 2013, and had its Groupwide compliance program audited in accordance with the Auditing Standard PS 980 of the Institute of Public Auditors in Germany (IDW) back in 2011.
