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 Code of Conduct
Bachem’s Code of Conduct sets the basis for the behavior which we demonstrate day by day. This Code of Conduct forms an integral part of the terms of employment of everyone at Bachem, and it applies to all officers, employees and directors within the Bachem Group.
All Bachem staff regardless of functional level are required to undergo training on the Code of Conduct and ethical behavior in business when entering the company. The training is mandatory and repeated annually. For more information, see the code of conduct training video.
Respect for Human Rights
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, forced and compulsory labor, or child labor within its organization and supply chain.
Bachem follows the Guiding Principles on Business and Human Rights endorsed by the United Nations Human Rights Council in 2021. Based on these a human rights due diligence process (HRDD) was implemented, following the OECD Due Diligence Guidance for Responsible Business Conduct, to proactively manage potential and actual adverse human rights impacts along our entire value chain. The following table shows the results of this HRDD.
The relationship to adverse impacts (i.e. whether it is caused, or contributed to by the enterprise, or directly linked by a business relationship) is stated in the table, and the probability of a risk materializing (likelihood) is depicted by asterisk (one asterisk meaning likely, two very likely and none unlikely). The resulting prioritization is the product of the severity (scale, scope, and remediability) of the risk and its likelihood and shown by colors green, yellow and red for increasing impact on human rights.
Legal Compliance, Corruption and Fair Competition
Bachem obliges all employees to obey all laws and regulations applicable to its activities as well as with its internal guidelines.
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.
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