Code of Conduct

Preamble

Our Code of Conduct is intended as a guideline for the entire company Hydraulikdichtungen24 and therefore applies equally to all of us. In particular, it is directed at top management, executives, all our employees, and our suppliers. On the one hand, it represents our own commitment to uphold the values and principles set out herein, and at the same time signals outwardly a responsible attitude towards our business partners, customers, and employees.

Commitment of Company Management

Hydraulikdichtungen24 considers itself obliged to act in an economic, social, and environmentally responsible manner. The company is committed to conducting its business competently and on an ethical and moral basis, and to ensuring fair competition in all markets in which it operates. This includes compliance with applicable laws and the acceptance of prohibitions on cartels and restrictions on competition. We aim to avoid obtaining improper advantages with respect to customers, suppliers, or competitors.

Implementation and Enforcement

Hydraulikdichtungen24 is committed to making the necessary efforts to comply with the principles and values described in this Code of Conduct.

Team Spirit and Constructive Cooperation

We promote constructive teamwork among our employees. Their interests and requirements are crucial for our work and further development. Our success in cooperation is based on the diversity of our employees and their involvement in business areas.

Standards of Cooperation

We expect all our employees to always act in accordance with the highest professional standards as well as the guidelines of our company. Employees who violate existing policies, regulations, or laws through their actions or behavior must expect disciplinary measures.

Open Communication with Employees

We do not cover up misconduct. Employees who, in good faith, report actual or suspected misconduct will not be subjected to intimidation or reprisals. “In good faith” means that the employee believes their account to be true. This applies regardless of whether a subsequent investigation confirms the employee’s account or not.

Dialogue with Cooperation Partners

All business information of our partners and their trade secrets are handled sensitively and confidentially. Required documents are properly prepared, stored, or, if necessary, destroyed after the end of cooperation.

Customer Orientation

We behave fairly and honestly towards our customers and business partners. We identify the wishes, needs, and expectations of our customers and partners to ensure targeted implementation in products, services, or other processes. Our highest goal is to build long-term and stable relationships with our customers and partners on the basis of trust.

Bribery and Corruption

We tolerate no form of corruption or bribery, regardless of whether it damages our company’s assets or the assets of third parties. We ensure through control mechanisms that bribery, theft, embezzlement, fraud, tax evasion, or money laundering are prevented. Our employees are prohibited from accepting or granting favors of any kind (cash, travel, gifts, etc.) that are linked to an improper advantage (such as the awarding of contracts or project assignments). Our business partners are also expected to avoid conflicts of interest that could pose a risk of corruption.

Data Protection

We handle all personal data of our customers, business partners, and employees with the utmost care. This includes names, addresses, telephone numbers, dates of birth, and information about current health conditions. Our employees are obliged to take all measures to secure data and protect our IT system from both internal and external data theft. This particularly applies to the misuse of company passwords as well as the unauthorized downloading of files, especially inappropriate material from the internet.

Environmental Protection

The protection of the environment and climate is important to us. Our employees are expected to use all natural resources applied in our company (such as energy, water, and land) sparingly. A responsible approach in the production and distribution of our products and/or services is expected from our employees. We comply with all laws and regulations that concern the health and safety of our employees in the workplace. In particular, our managers take measures to create a healthy and safe working environment for our employees.

Compliance with Applicable Law

We require our managers to familiarize themselves with and fully comply with the laws, regulations, and rules relevant to their area of responsibility. Our managers bear particular responsibility in ensuring compliance with this Code of Conduct. The business practices of our business partners and their suppliers must also comply with applicable laws. This particularly applies to import, export, and domestic trade of goods, technologies, or services, as well as to financial and capital transactions. Violations of trade embargoes and regulations on trade, import, and export controls must be excluded by our business partners, as must any financing of terrorism.

Fair Competition

We are committed to fair competition and comply with the related laws and rules. We refrain from agreements on prices, conditions, and strategies with competitors, suppliers, other companies, and dealers that would hinder fair competition. We do not participate in anti-competitive boycotts.

Prohibition of Discrimination

Any form of discrimination is strictly prohibited, whether based on nationality, ethnic origin, age, gender, sexual orientation, marital status, pregnancy, disability, religion, or belief. Promotions and new hires are always made free of discrimination.

Handling of Company Property and Confidential Information

We place great value on ensuring that the products we manufacture, the tools we use, and the intellectual property of the company are handled carefully and responsibly.