Our three key issues on ethics are compliance, human rights and sustainable supply chain.
Within the Krones Group, compliance stands as an umbrella term for conduct that is in keeping with the law and regulations. However, the rules that apply within the company go beyond the requirements of the law. They also include internal policies and moral values and norms that are aligned with Krones’ own ethics and are manifest in Krones’ Code of Conduct. In general, Krones’ compliance management aims to create a culture of integrity throughout the entire group and thus minimise compliance risks to the greatest extent possible.
Further information on compliance management can also be found here.
Fairness, mutual respect, and tolerance are fundamental values that inform Krones’ culture. Every member of the group is expected to respect these values and use them as a guide for their own actions. That expectation is clearly and unequivocally stated in the Krones mission statement, our Code of Conduct, and our leadership principles, which apply across the group.
Because we do business globally, we consider human rights due diligence imperative, an obligation that every single member of our group must fulfil. To ensure that this requirement is met across our entire value chain, we have integrated it into our Code of Conduct and our Supplier Code.
Detailed facts and figures about the material aspect „human rights“ are provided in the Non-financial Report 2019.
Sustainable supply chain
Sustainability is a responsibility that runs the entire length of our value chain.
As the markets have become increasingly globalised, Krones has steadily grown its global footprint through regional sourcing of materials, components, and services. Besides the strategic benefits like cost efficiency, closeness to customers, and increased use of the expertise of our employees worldwide, this has also yielded benefits in terms of sustainability, such as reduced transport distances.
At the same time, the gradual relocation of supply chains to the regions also presents challenges in terms of sustainability and responsibility. As a member of the UN Global Compact, Krones regards aspects like environmental protection, occupational safety, and human rights as an absolute imperative for our partnerships with suppliers worldwide. Krones’ Supplier Code defines the company’s requirements of business partners in terms of sustainability and social responsibility.
Detailed facts and figures about the material aspect „sustainable supply chain“ are provided in the Non-financial Report 2019.