Compliance
Compliance is a fundamental requirement for our corporate activities
We at LANXESS firmly believe that our commercial success can only be guaranteed over the long term if our conduct is based on a value system accepted and practiced across the entire Group. Our core values - respect, trust, responsibility, professionalism and integrity - form the foundation of our corporate culture, which underpins and serves as the framework for responsible, lawful conduct on the part of LANXESS and its employees.
Compliance, meaning the observance of all legal provisions that are binding on the LANXESS Group, ethical principles and self-imposed regulations, is a fundamental requirement for all corporate activities. To ensure these requirements are met appropriately and effectively across the Group, LANXESS has established a global Compliance Management System (CMS). In this context, the LANXESS Code of Conduct sets out binding guidelines and establishes principles of conduct and ethical behavior for all employees. To enhance awareness of these rules of conduct, the principles of our “Code of Conduct” are covered by compliance trainings. Furthermore, we hold specific anti-corruption training aimed at exposed countries and professional groups such as Purchasing, Marketing or Sales.
LANXESS requires its business partners to ensure compliance with the principles contained in our Business Partner Code of Conduct, as well as with all applicable laws and regulations throughout their supply chain, wherever they operate.
All LANXESS employees and external parties have access to our “SpeakUp®” system - an anonymous, external platform for reporting violations or potential violations to our compliance organization. In this way, LANXESS promotes a culture of integrity, sustainability, and responsibility.
Integral component of our value-driven corporate governance is a systematic and effective risk and opportunity management. In addition, a compliance risk assessment, performed every three years, is used to take an in-depth look at potential company- and business-specific compliance risks, like corruption or data protection.
The adequate implementation of and adherence to our compliance principles in the LANXESS Group is examined by the Corporate Audit function. This also includes reviewing the measures to prevent corruption. The annual audit planning, which covers all business units, follows a risk-based approach, which also considers the exposure to corruption.
We at LANXESS firmly believe that our commercial success can only be guaranteed over the long term if our conduct is based on a value system accepted and practiced across the entire Group. Our core values - respect, trust, responsibility, professionalism and integrity - form the foundation of our corporate culture, which underpins and serves as the framework for responsible, lawful conduct on the part of LANXESS and its employees.
Compliance, meaning the observance of all legal provisions that are binding on the LANXESS Group, ethical principles and self-imposed regulations, is a fundamental requirement for all corporate activities. To ensure these requirements are met appropriately and effectively across the Group, LANXESS has established a global Compliance Management System (CMS). In this context, the LANXESS Code of Conduct sets out binding guidelines and establishes principles of conduct and ethical behavior for all employees. To enhance awareness of these rules of conduct, the principles of our “Code of Conduct” are covered by compliance trainings. Furthermore, we hold specific anti-corruption training aimed at exposed countries and professional groups such as Purchasing, Marketing or Sales.
LANXESS requires its business partners to ensure compliance with the principles contained in our Business Partner Code of Conduct, as well as with all applicable laws and regulations throughout their supply chain, wherever they operate.
All LANXESS employees and external parties have access to our “SpeakUp®” system - an anonymous, external platform for reporting violations or potential violations to our compliance organization. In this way, LANXESS promotes a culture of integrity, sustainability, and responsibility.
Integral component of our value-driven corporate governance is a systematic and effective risk and opportunity management. In addition, a compliance risk assessment, performed every three years, is used to take an in-depth look at potential company- and business-specific compliance risks, like corruption or data protection.
The adequate implementation of and adherence to our compliance principles in the LANXESS Group is examined by the Corporate Audit function. This also includes reviewing the measures to prevent corruption. The annual audit planning, which covers all business units, follows a risk-based approach, which also considers the exposure to corruption.
