Anti-corruption policy at Stahl

Anti-corruption policy at Stahl

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Anti corruption at Stahl
Stahl Group is committed to the guiding principles of UN Global Compact, the world’s largest corporate sustainability initiative. With this commitment Stahl Group confirms the alignment of its strategy and operations with the universal principles of human rights, labor, environment and anti-corruption.

Being part of a French company, Wendel, we also are subject to French environmental and social laws. Sapin II is The French anti-corruption law addressing transparency, anti-corruption and economic modernization, also known as the Sapin II law, entered into force on 1 June 2017. The law stipulates that companies must establish an anti-corruption program to identify and mitigate corruption risks. The Sapin II law criminalizes influence peddling and, thus, makes any legal or natural person criminally liable for offering a donation, gift or reward, with the intent to induce a foreign public official to abuse his/her position or influence to obtain an undue advantage.

Anti-corruption included in Stahl Code of Conduct for Business Partners

We expect our business partners to set high anti-corruption standards. Being anti-corruption is part of Stahl’s Code of Conduct for Business Partners, which states that the business partner must not use corruption, extortion, embezzlement, or bribery to obtain an unfair or improper advantage.

Our Code of Conduct states that the business partner shall abide by all applicable anti-corruption laws and regulations of the countries in which it operates including all applicable international anti-corruption conventions. Stahl requires its business partners to either comply to the same, or maintain at least equal ethical standards. Any deviations found can have an adverse effect on the relationship with Stahl, ultimately leading to an immediate discontinuation of the business relationship.

e-Learning anti-corruption for employees

We introduced e-training to educate staff on critical human rights topics. Anti-corruption is an important module in this e-training. In 2018, 1200 employees are trained. The e-learnings included modules on bribery, modern slavery, workplace diversity & inclusion, GDPR (data privacy) training and IT security awareness.

Anti-corruption by GRI

The GRI standard Anti-corruption includes practices such as bribery, facilitation payments, fraud, extortion, the offer of receipt of gifts, and so on. It is linked to negative impacts, such as poverty and abuse of human rights. Organizations are expected to adhere to integrity, governance and responsible business practices.

Are you looking for more information?

Please get in touch with your relevant contact within Stahl:

Anti-corruption policy at Stahl
Michael Costello
Group Director Environment, Social & Governance