GRI 103-2 The management approach and its components
In order to ensure observance of the requirements of the Code of Conduct, SFS has implemented an effective compliance system that focuses on the following seven topics:
- Anti trust law
- Insider trading
- Data protection
- Foreign trade compliance
- Information security
- Violation of personal integrity
In its execution, the system incorporates various elements such as guidelines, regular training, introduction of new employees, e-learning campaigns, newsletters, integration into internal audits, annual reporting on the Code of Conduct and a central reporting office for employees and external partners.
Integration of the compliance obligation and the requirements of the UN Global Compact principles into the general procurement terms and conditions ensures SFS' standards are also applied to suppliers. These provisions are also integrated into contracts with distribution partners.
The management of compliance issues is handled by the corporate function of Tax, Legal & Compliance.
As part of the annual reporting on the Code of Conduct for employees, observance of the respective regulations are also monitored. All group companies are obliged to report relevant incidents to the Group Compliance Officer. In addition, compliance-related issues are checked at certain points in internal audits. The results of the survey and the audits form the basis of the annual compliance report to the Board of Directors of SFS Group AG.