Governance & Compliance
In 2019, DWK Life Sciences implemented a global Code of Conduct that applies to all its employees worldwide. The Code of Conduct is based on the following values: respect for human rights, equality, transparency, anti-discrimination, and anti-corruption. Together with our Values – Passion, Precision, Creativity and Trust – our Code of Conduct serves as a guiding principle for the business conduct of our individual employees and for all of us collectively.
Target & Commitments
Corruption protection
DWK Life Sciences is committed to actively preventing corruption in all forms. As expressed in the Code of Conduct, we will not tolerate any form of bribery or corruption and expect the individuals and organizations we work with to uphold and adopt this approach. We take our responsibility to protect our company and our employees from corruption risks very seriously. Therefore, a fundamental component of our compliance system is the continuous training of our employees on corruption prevention. Modern, web-based training sessions are used to raise awareness of the internal regulations and applicable laws and train employees in dealing with corruption risks appropriately.
Targets:
- Zero-tolerance strategy
Activities:
- Regular mandatory trainings of employees, concluding with certification
- Review of training material and updates according to current law
- Annual risk assessment & internal reviews and 3rd party audits
- Implementation of Supplier Code of Conduct
Achievements:
- Zero cases of corruption in all forms
- DWK Life Sciences added an anti-bribery clause to our contracts and the vast majority of its key customers and suppliers agreed to comply to it.
Anti-Discrimination
DWK Life Sciences does not condone and will not tolerate any harassment, discrimination, mistreatment, or retaliation on the basis of race, skin color, nationality, descent, gender, faith or religion, sexual identity or orientation, age or physical disability.
Only an employee’s ability, performance and conduct are relevant for, among other things, recruitment and promotion.
Targets:
- Zero-tolerance strategy
Activities:
- Raise awareness among employees
- Company culture promoting clear statements and exemplary behavior
Achievements:
- Multicultural work teams
- International exchange of employees
Protection of Information
Protecting internal DWK Life Sciences information and intellectual property is of extremely great importance. Just as important is the security of confidential information of third parties obtained by DWK Life Sciences within the scope of business relationships with employees, customers, suppliers and other business partners.
Targets:
- Zero-breach of data security
Activities:
- Set-up the specific technical environment and permanent control of authorization concept
- Training of employees
Achievements:
- Audited authorization structure and yearly review
DWK's Contribution to UN SDG's
DWK's sustainable development objectives are in line with the United Nations' Sustainable Development Goals, which include:
- Improving global health and well-being
- Promoting gender equality
- Encouraging responsible consumption and production practices
- Taking action to address climate change
Environmental Social Governance (ESG) Topics
The material topics identified and based on ESG are climate change and energy conservation, health and safety measures related to product stewardship, water conservation and management, air emissions reduction, waste reduction and resource efficiency, and upholding human rights, promoting employment, and ensuring diversity.