Acting responsibly and minimizing risks
Being a high-tech company, we support our customers by providing excellent products and solutions which enable them to be successful on international markets. In this respect, we endeavor to offer a maximum level of quality not only as far as our processes are concerned, but also in our conduct towards our business partners and among ourselves. Business success and responsibility are two objectives which are inseparably linked for Jenoptik in this context.
Compliance with national and international law is, naturally, of high priority for us. Guidance on how to ensure compliant conduct can be found in our corporate guidelines but also in Jenoptik’s Code of Conduct which summarizes the most important principles applicable in terms of conduct. This code sets minimum standards and provides guidance on ethical and legal issues that come up during day-to-day work, thus creating transparency and offering a roadmap in case of any conflict situation.
To ensure a uniform understanding of compliance standards throughout our Group, we have established a compliance management system which is closely related to our risk management system. Both systems combine comprehensive provisions made by us in order to guarantee that our business activities are in accordance with applicable law at all times.
To this effect, we train our employees on compliance issues, and also perform, for example, screenings of our business partners whenever needed ("Third Party Due Diligence"). In addition to this, we have set up an internal control system designed to impart knowledge to our employees about the framework conditions required when making their day-to-day business decisions.
Risk and opportunity management
For Jenoptik, the responsible evaluation of risks and opportunities within the corporate environment is one of the principles of responsible corporate governance.
To ensure implementation of the strategy, it is necessary to identify risks and opportunities at an early stage, to evaluate them appropriately and control them ef?ciently. This is done by promoting an open risk culture and regularly examining the established risk management system.
Supplier and business partner obligations
Our objective: is a globally standardized procurement process. We would like to maintain a clear overview and control of the entire path of our products and solutions – from the supplier to the end consumer.
Jenoptik expects a high sense of responsibility and integrity from its suppliers. For this reason, all our suppliers are obliged to commit to our "Code of Conduct for Suppliers to the Jenoptik Group", which obliges them to comply with legal and ethical standards. Preferred suppliers are involved at an early stage in strategies and development projects and are further developed within the scope of systematic supply management.
To identify violations and risky business partners early enough, a supplementary "Code of Conduct for our Business Partners" obliges our business partners to behave in compliance with the applicable law. Centralized screening of risky business partners is intended to ensure that we only enter into cooperative relationships with partners who correspond to our compliance requirements.
Jenoptik does not tolerate any form of active and passive corruption.
Training and guidelines on speci?c topics aim to ensure suf?cient awareness and legal compliance with these issues within the company.
Upholding human rights is one of Jenoptik’s key priorities both in its operating business as well as in the supply chain. In the “Slavery and Human Trafficking Statement for the Jenoptik Group”, Jenoptik expresses its commitment to international standards of human rights and that it does not tolerate any form of slavery, servitude, forced or compulsory labor, human trafficking or exploitation in its own business operations or those of its supply chain.
Compliance & Risk Management?
In case of compliance violations please do not hesitate to confidingly contact the Compliance & Risk Management department?
+49 3641 65-2235