Company information
Competition Law Competition is vital. It enables businesses to compete on equal terms in the market, while striving continuously to offer the best possible products at the best possible prices for customers. Competition stimulates Schréder’s drive for innovation and long-term economic growth. Schréder fosters fair competition and encourages its employees and intermediaries to play by the rules. Our Competition Law policy provides competition rules for doing business with suppliers, distributors and customers, and in business contacts with competitors and trade organisations. Competition Law risks are periodically assessed, identified, and managed effectively. Policies are in place to minimise those risks and to mitigate their impact. Regular and mandatory training is organised across the entire organisation to raise awareness on this important topic. Fraud & Corruption Fraud and corruption undermine fair trade and equal treatment of business partners. Most countries have implemented anti-fraud and anti- corruption laws. Violations of these laws and regulations are not only against our principles and values but may also have an impact on the company’s reputation and result in significant civil and criminal penalties.
The Schréder Group aims to conduct business in an honest and ethical manner. We condemn any form of fraud or corruption at all levels of the business. Our Anti-Bribery and Anti-Corruption (ABC) policy aims to ensure that all employees always adopt the highest standards of professional and personal behaviour and avoid any form of fraud or corruption, or appearance thereof. The appointment of each Intermediary (Agent, Distributor, etc) is subject to a strict and formal Due Diligence process. In 2020, this process was applied to all Intermediaries that were appointed in the Group. Data protection Schréder takes compliance with Personal Data and Privacy laws very seriously. The Legal and HR departments closely monitor Schréder’s compliance with such laws. The company has initiated many key actions in the past few years, particularly from 2018, which have resulted in an increased transparency on internal and external personal data flows within the entire organisation, both in Europe (GDPR compliance) and other parts of the world.
16.5 - Substantially reduce corruption and bribery in all their forms
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