Integrity and transparency in business transactions
We have clear guidelines, regular training and a strict compliance programme in order to maintain the highest ethical standards.
At Schüco, we reject all forms of corruption. This includes bribery and venality, and the accepting and granting of unfair advantage. We do not offer or grant benefits that are intended to influence a person's decisions, actions or attitude. We also do not accept any benefits or advantages ourselves. Furthermore, we expect our business partners to be equally committed to fighting corruption.
In accordance with the UN Convention against Corruption, our published code of conduct sets out our requirements for legally compliant and ethical behaviour in day-to-day business. It forms the basis of the company-wide compliance programme, which also includes mandatory training and reporting (see also: Company policies and corporate culture).
Furthermore, nine countries have their own compliance organisation, which reports to the Compliance Office of the Schüco Group quarterly. The Internal Audit department of the Schüco Group and the central Compliance team are in close contact regarding the results and their evaluation. In some cases, this results in specific recommendations regarding training, site inspections or other targeted measures.
In order to review the effectiveness of the precautionary processes in place, the Internal Audit department prepares an annual risk-oriented audit plan, which includes the topic of corruption. The plan is agreed with the Executive Management Board. The Compliance department is also involved in the monitoring and further development of our anti-corruption measures. We place particular focus on the prevention of corruption and bribery in the high-risk functions of purchasing and sales.
In 2025, there were no confirmed incidents of corruption within the Schüco Group. Furthermore, Schüco does not make donations to political parties as a matter of policy, which also applies to 2025.