For Bachem, ethically correct behavior and integrity are essential for lasting business success. The professional and personal integrity of the Group’s employees is a prerequisite for meeting the high-quality standards of all stakeholders. Bachem’s principles of ethical behavior and integrity are binding on all staff, are set down in writing, and are applied without exception. This applies in particular to staff with customer or supplier facing roles, such as sales and procurement staff.
Bachem establishes procurement practices that lessen negative economic, social or environmental impacts in the supply chain. To that end suppliers are classified on the basis of risk, taking into account product related quality aspects as well as Corporate Social Responsibility (CSR) issues such as the prevention of child labor, forced labor or human trafficking. This work forms the basis for the risk-based assessment, defining in what form the Company assures that suppliers obey the standards set in the Code of Conduct. All suppliers of quality critical products are assessed or audited. During these audits the supplier is obliged to sign the Code of Conduct. For all others, the orders refer to the General Terms and Conditions, in which the Code of Conduct is listed as a binding document.
Corruption and Fair Competition
In order to omit corrupt practices, to compete fairly as a company, and to adhere to integrity, governance, and responsible business conduct, Bachem employees are trained on employment and regularly in a behavior precluding corruption and bribery. By that training the Group wants to make sure, that the employees do not encourage or solicit gifts or personal advantages of any kind from any third party, avoid situations where their personal interests may conflict with the interests of Bachem and will inform the responsible line manager if any unsolicited conflict of interest arises. And as a company, Bachem does not grant any advantage or concession if it is not in line with local law or custom or not properly accounted for and financially registered. Bachem does not give nor request nor accept any illegal rebate, kickback payments, any “unofficial” payments or any form of improper gift or favor. In 2020, no confirmed incidents of corruption were registered and no legal actions were pending or completed regarding anti-competitive behavior or violations of anti-trust and monopoly legislation.
Legal Compliance and Respect for Human Rights
Bachem obliges all employees to obey all laws and regulations applicable to its activities as well as with its internal guidelines. Bachem believes in the dignity of every human being and in respecting individual rights. The company is well aware of the importance of the UK Modern Slavery Act. The annually published MSA statement explains Bachem’s commitment to continuously preventing any form of modern slavery or human trafficking within its organization and supply chain. Bachem respects and complies with the principles expressed in the United Nations Declaration of Human Rights. To that end all employees are trained on employment and regularly in human rights policies and procedures concerning aspects of human rights that are relevant to the Group’s operations. The trainings cover topics like information security, discrimination and harassment as well as whistleblowing. In 2020, no significant fines and non-monetary sanctions for non-compliance with laws and regulations in the social, economic or environmental area were filed. For environmental laws and regulations and the corresponding training see the according paragraph above.
Maintaining a dialogue with people or groups having an interest in Bachem and that can either affect or be affected by the Group’s business is in the company’s own interest, but also a sign of taking responsibility in and for the surrounding community. Bachem looks and acts beyond company boundaries and involve its key stakeholders in an ongoing transparent, accurate, open and honest dialogue. Bachem’s memberships with organizations for mutual benefit are currently evaluated, taking into account the stakeholder analysis carried out in 2019.
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