Welcome to the VELDENER Präzisionstechnik GmbH

Code of conduct

Our commitment

As a globally active enterprise, VELDENER Präzisionstechnik GmbH bears a social responsibility towards its customers, employees, shareholders and the public.
We place an emphasis on compliance with current laws at all times and at every opportunity. We respect ethical principles and act in a sustainable manner. We are committed to the ten principles of the United Nations in the areas of human rights, labour standards, environmental protection and anti-corruption. We likewise observe the working standards specified in the conventions of the International Labour Organisation (ILO).

This code of conduct sets forth the binding

principles for responsible conduct
for all Veldener employees.

In accordance with our corporate responsibility we expect that:
all suppliers, business partners and their employees act accordingly and observe these principles. Insofar as suppliers or business partners retain third parties within the scope of their business relations with Veldener Präzisionstechnik GmbH, we also require them to commit to the defined principles.

Social behavior

Compliance with all applicable laws and rights results from social responsibility, in particular from adhering to the following basic principles:

Human rights and freedom of association

Compliance with the globally valid laws for the protection of human rights as fundamental and universal guidelines. These include in particular the rejection of forced and child labour or human trafficking, the observance of regulations concerning legal minimum age and the basic freedom of association.

Equal rights and non-discrimination

Prohibition of discrimination on account of:

  • ethnical or national affiliation,
  • race,
  • sex,
  • religion,
  • ideology,
  • age,
  • disbility,
  • sexual orientation
  • or other legally protected characteristics, unless otherwise required by mandatory law.

Environmental protection

Awareness of responsibility concerning all environmental protection issues.
This includes:

  • compliance with legal provisions concerning the environment and sustainability,
  • economical use of natural resources
  • and minimization of environmental impact.

Product safety

Observation of all applicable product safety regulations and guidelines, in particular:

  • legal requirements concerning safety, labelling and packaging of products
  • and use of hazardous materials.

Safety at the workplace

Observance of all applicable regulations for safety and health protection at the workplace, and support in the development and improvement of working conditions.

Minimum wages

The appropriate remuneration of all employees is ensured. The level is oriented to the legal minimum wages or pay guaranteed under special tariff agreements and the respective labour market.

TRANSPARENT BUSINESS RELATIONS

Openness and transparency are the keys for credibility and trust in business transactions, in particular through the observance of the following basic principles:

Avoidance of conflicts of interests

Regardless of personal interests and relationships, all decisions must be made on the basis of objective criteria.

Prohibition of corruption

All forms of corruption are prohibited:

  • Bribes,
  • Kickbacks,
  • inadmissible donations,
  • other inadmissible payments or advantages over customers, officials or other third parties.

Gifts, hospitality and invitations

Inappropriate benefits, whether direct or indirect, in the form of:

  • financial support,
  • gifts or
  • invitations

for the purpose of exerting undue influence must be refused if they exceed a value of 35 euros. Hospitality within the limits of reasonable and usual business practice is permissible and must be notified to the Code of Conduct compliance officer.

Dealings with authorities

Statutory regulations must be strictly observed in dealings with authorities and public bodies.

Consultants and brokers

Current legislation must be complied with when drawing on the services of consultants and brokers. Remuneration paid to consultants and brokers must be in proportion to the actual services rendered.

FAIR MARKET CONDUCT

Contractual obligations are binding for fair and responsible market participants, in particular adherence to the following basic principles:

Free competition

Compliance with all applicable antitrust laws and rejection of:

  • agreements with competitors
  • and abuse of a dominant market position.

Export control

Compliance with all valid legislation concerning the import and export of goods, services and information.

Money laundering

Business relationships should be maintained only with business partners of integrity and in compliance with the valid legal provisions concerning money laundering.

Business information

The publication of business data and activities must reflect the truth and be in accordance with the relevant laws and regulations.

PROTECTION OF DATA, TRADE SECRETS AND BUSINESS ASSETS

Confidential data, trade secrets and business assets must be protected, in particular by the observance of the following basic principles:

Data protection

All applicable laws for personal data concerning:

  • Employees,
  • Customers,
  • suppliers and
  • others

must be complied with.

Protection of know-how, patents, trade and business secrets

All trade and business secrets must be respected and such information may only be passed on to a third party with prior written consent.

Handling of business assets

Tangible and intangible assets must be:

  • respected,
  • protected from damage or
  • abuse and under no circumstances
  • used for unlawful or non-company purposes.

LEGAL CONSEQUENCES IN THE CASE OF VIOLATION

A violation of the basic principles contained in this code of conduct may cause supply and business relationships or employment contracts to be terminated without notice.

Version 5.0

Direct contact to our Sales Department.
Sales Department contact

Our contacts are available to answer questions, or discuss wishes and suggestions.

Tel. +49 (0)8741 9605-0

Mail. info@veldener.de

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