Employees are expected to follow the Global Code of Conduct. They are also a viable asset in the timely notification of unlawfull conduct within the company. Every employee is informed and trained with regard to Lenzing’s policies and directives.
Suppliers are expected to follow the Supplier Code of Conduct as well as respect human rights and labor laws within their own operations.
Austrian Code of Corporate Governance
In order to meet the demands of Lenzing’s shareholders and business partners, it is essential for Lenzing to comply with the Austrian Code of Corporate Governance (ÖCGK). Customers in particular demand that their service providers and service suppliers adhere to their compliance standards. The Austrian Corporate Governance Code defines specific duties for the Managing Board, Supervisory Board and auditors. The overall responsibility for compliance lies with the Managing Board – it must ensure compliance with legal provisions and work towards their observance within the company (§ 15 ÖCGK). In addition, it must inform the Supervisory Board regularly, comprehensively and promptly about all issues relevant to the company and report at least once a year on precautions taken to combat corruption (§ 18a ÖCGK).