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 (pdf, 255,0 KB) 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 the reporting period in question, there were no confirmed cases of corruption in the Schüco Group.
Anti-corruption: Key figures
We require our employees throughout the world to complete compliance training every 24 months, which also covers regulations and methods for fighting corruption. Members of the Executive Management Board carry out the relevant training as well.
| Compliance training in the Schüco Group | 2024 | 2023 | Change compared to previous year in % |
| Total participants | 1,809 | 1,732 | 4.4 |
| Of which Sales employees | 466 | 326 | 42.9 |
| Of which Purchasing employees | 54 | 43 | 25.6 |
| Trained employees compared to total number of employees in % | 19 | 18 | |
| Trained Sales employees compared to total number of Sales employees in % | 31.7 | 22.2 | |
| Trained Purchasing employees compared to total number of Purchasing employees in % | 40.9 | 32.6 | |
| Trained employees of the Executive Management Board and Senior Management in % | 38.2 | 30.9 |