|Code of Conduct|
It is our firm conviction that ethical and economic values are interdependent and that the business world should therefore seek to treat each other fairly and to operate within the legal and regulatory frameworks. At HOCHTIEF, it is part of the corporate culture that all employees in the individual Group companies observe the laws and regulations of the countries in which they are working and that they meet their obligations reliably. They have to prove sincerity and fairness in all aspects of their business activities. We expect the same from our business partners. They, too, need to acknowledge the social responsibility vis-á-vis their own company, their clients, suppliers and other business partners, the environment and society. In addition to the HOCHTIEF Code of Conduct which comprises the binding rules of conduct for HOCHTIEF employees, HOCHTIEF has therefore set up a code for business partners as well. The HOCHTIEF Code of Conduct for Business Partners defines minimum standards based on the principles of the UN Global Compact, the ILO conventions, the United Nations' Universal Declaration of Human Rights, the UN Conventions on the Right of the Child, and the OECD Guidelines for Multinational Enterprises.
This includes, among others, the following requirements:
To build successful long-term business relationships, in all divisions, key groups of business associates such as joint venture partners and consultants undergo careful selection in an established process and are approved by Compliance. Their integrity and reliability are verified with the aid of external databases and documented in business partner compliance due diligence.
In addition, our business partners are encouraged to communicate these principles to their own, direct subcontractors, to support compliance on the subcontractor side and to request them to also apply the principles. HOCHTIEF reserves the right to check or have checked by independent third parties at any time and without prior announcement if the rules of conduct are observed.