COMPLIANCE – THE FOUNDATION OF ALL BUSINESS ACTIVITIES
Compliance and ethical conduct are the foundation of ANDRITZ’s business activities. The cornerstones of our compliance culture are integrity, respect, reliability and sustainability.
In addition to comprehensive legal and regulatory requirements, we have set out our corporate values, principles and rules in a Code of Conduct and Ethics. This applies to all managers and employees; in parallel, our Supplier Code of Conduct defines the ramifications and rules for suppliers and other external stakeholders working for ANDRITZ.
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We have established an effective compliance management system across ANDRITZ globally that deals with business-critical issues – including the prevention of corruption, anti-competitive behavior and insider trading as well as anti-discrimination, supplier compliance, export controls and data protection – ensuring continuous global coverage in all our regions of operation. In addition to a number of full-time compliance professionals, the compliance system draws its members from different group functions. It ensures that risk assessments are carried out and that compliance policies and procedures are implemented, improved and monitored.
We also conduct internal and external audits to assess the effectiveness of the rules and make further improvements. Regional compliance officers at ANDRITZ subsidiaries act as multipliers of compliance knowledge and as the first point of contact for local employees.
Board-level compliance directors are mandated to make sure all relevant compliance processes are fully implemented in their respective affiliate companies.
The ANDRITZ Code of Business Conduct and Ethics has been developed for employees. It is available in 14 languages and is taught in mandatory compliance training courses.
In addition, specialized trainings are offered to employees based on their job families and special needs.
For our group-wide compliance program to be successful, all members of our supply chain must also commit to the same values, principles and rules as we do, through our Supplier Code of Conduct.
Code of Conduct video
All ANDRITZ suppliers must also undergo an onboarding process, and, if necessary, are subjected to a compliance audit. Appropriate risk assessment processes are being implemented with a view to enhanced scrutiny requirements for the supply chain, especially regarding the German Supply Chain Act (LkSG). ESG ratings for suppliers are becoming part of the assessment process for the supply chain.
By providing an anonymous system for whistleblowers, we encourage all our employees, business partners and other stakeholders to speak up and report any concerns to us. This system is fully compliant with the EU whistleblowing directive as well as corresponding laws in EU member states.
To verify the effectiveness of compliance across the Group and achieve continuous improvements, ANDRITZ’s compliance management system is certified according to ISO 37301, and the anti-corruption management system according to ISO 37001.
The group-wide compliance regulations mandate requirements for developing, implementing and maintaining a compliance management system, as well as measures to help prevent and where necessary identify and verify instances of corruption.
For 2024, the compliance management system will be set to report in accordance with the EU’s CSRD reporting requirements.
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