Values and responsibility
As company founder Robert Bosch once said: “In the long term, an honest and fair approach to doing business will be the most profitable.” This statement continues to influence the way we do business today.
The responsibility towards our society has a valuable tradition at Bosch and starts with the fair treatment of our employees. In our “Guidelines of corporate social responsibility” our management and employee representatives acknowledge human rights, equal opportunities, fair working conditions and worldwide standards in occupational health and safety. These eleven guidelines are oriented towards core labour standards of International Labour Organization and also obligatory for all of our suppliers. In tradition of our founder Robert Bosch our corporate social responsibility goes far beyond our company borders. We are committed to common good, especially equalizing opportunities through education.
At Bosch, compliance is an integral part of the company’s values.
The aim of our globally applicable rules of business conduct is to protect our associates and company as well as our customers and partners.
As our “We are Bosch” mission statement says, “We promise only what we can deliver, accept agreements as binding, and respect and observe the law in all our business transactions.” To underscore the importance of this principle, we have summed up our position with regard to legal requirements and ethical issues in our globally applicable Code of Business Conduct. The Code of Business Conduct serves as a guideline for how to do business.
Bosch has a global compliance system headed by a chief compliance officer who reports directly to the board of management. There is also a corporate compliance department and compliance officers in all divisions and regions.
Prevention and inspection measures including the dual-control principle, job rotation in sensitive areas, as well as regular audits are designed to support our values-based compliance system. We also have a mandatory compliance training program for our associates. In addition, we have established a “Compliance Dialogue,” which allows compliance-related topics and experience to be discussed among our executives, associates, and compliance officers.
The compliance system also includes a reporting hotline, which associates, business partners, and third parties can use to report irregularities at any time. Responsible and legally compliant behavior does not stop at company boundaries. With this in mind, we have established a Code of Conduct for suppliers, which defines the principles and requirements for collaborating with Bosch. We conduct regular audits to ensure that our suppliers comply with these principles. In such a fast moving environment, we continuously review our compliance system to be able to quickly adapt our rules and processes to new legal and technical developments.