Ethics & Integrity
GRI 102-16, 17; GRI 205-1,2
We have established Group-wide procedures to ensure Oerlikon’s compliance with legal and regulatory
statutes as well as internal standards, including the company’s Code of Conduct. This oversight encompasses training, communication and consulting activities designed to provide all Divisions, Business Units, groups and individuals with the information and resources necessary to fulfill their responsibilities and understand their role in ensuring ethical compliance and behavior.
Oerlikon’s robust compliance and integrity platform evolved from 2009 to 2012, when we invested significant resources in updating key elements of our compliance program and introduced the current
written Code of Conduct, compliance risk assessment analysis and anticorruption training program.
We have continued to build on those initiatives and to refine our approach to promoting ethical behavior
and integrity both within our organization and in the entities with which we conduct business. These
developments include the upgrading of our business partner integrity screening process and the establishment of an antitrust compliance program.
The framework of the Compliance Program has three pillars:
- Prevention: policies, directives, training, the Code of Conduct, risk assessment, maturity assessment, compliance councils, internal controls and metrics, examples and Q&A in all employee meetings.
- Early detection: the “whistle-blowing” hotline; continuous compliance reviews, controls and internal audits; allegation management process.
- Response: disciplinary action on compliance breaches, process adaptation, resolution plans,
remediation of internal control systems, fine-tuning of policies.
Through tips left on our whistle-blowing hotline by concerned colleagues, we have been able to act
swiftly to prevent wrongdoing or to deal with it promptly. Cases pertaining to the misdirection of funds or to physical bullying have led to dismissals with cause of those individuals who failed to live Oerlikon’s values. Thus, Oerlikon’s Code of Conduct ensures that every member of staff has a resource to help guide responsible decision-making in line with our standards of ethics, our culture and values, and our commitment to compliance in all our business practices. Furthermore, Oerlikon has broadened the scope of its governance framework by integrating ethics within its leadership development initiatives, with a focus on:
- Providing substantive support to highperforming teams,
- Reinforcing awareness of our commitment to sustainable practices, and
- Measuring successes against the triple bottom line parameters
Above all, the Code of Conduct prioritizes Oerlikon’s most significant distinction: its extraordinary reservoir of talented people. By promoting company-wide understanding and appreciation of the core
values encapsulated in the Code of Conduct, our leadership team ensures that our employees not only comply with these standards, but that they also take pride in them. This creates our strongest foundation for pursuing continued evolution of a comprehensive sustainable ethics and compliance governance framework.
Since 2017, Oerlikon has provided online/virtual training in the Code of Conduct to employees on a
rolling basis. New colleagues receive mandatory compliance training when they join Oerlikon. Colleagues who lack Internet access receive in-person training. To date, more than 15 000 employees have been trained across our global operations. In 2020, around 4 000 registered users completed the training, representing 91% of registered users.
In addition, employees whose work involves interaction with certain external parties receive antibribery
and antitrust compliance training. Approximately 6 000 employees have completed this program since its introduction in 2017.
In 2021, Oerlikon will launch an updated Code of Conduct and organize training programs throughout
the organization. The updated Code of Conduct will replace the current version on Oerlikon’s website in the second half of 2021. Furthermore, to ensure best practices as both an ethical and sustainable
organization, Oerlikon will introduce new Group policies in 2021: Anti-Harassment and Anti- Discrimination Policy; Policy Against the Use of Child Labor: and Policy Against Human Trafficking in Person and Slavery. The policies were approved by executive leadership and the Oerlikon Board of Directors, and oversight and responsibility for the implementation of this policy rests with a cross-functional team that includes members from HR, Compliance, Legal, and Procurement.