Valid from: January 2021
COMPLIANCE WITH LEGAL REGULATIONS
Nobody is above the law – this of course also applies to PALFINGER as a company, all employees and business partners.
When conducting business, PALFINGER requires all its employees and business partners to conduct themselves with integrity and in full accordance with applicable legal regulations. PALFINGER has implemented measures and processes with the aim of ensuring compliance with all legal requirements that apply to activities in the countries of operations within the PALFINGER group.
STANDARDS OF THE CODE
The following standards must be adhered to in order to act legally and ethically and fulfill the corporate social responsibility.
People stand behind all our products and services. The dignity of these people is inviolable and their rights are taken into account at all times at PALFINGER. We know that the entrepreneurial success we seek is only possible with healthy and fairly-treated employees.
Prohibition of child labor
Child labor must not be resorted to in any business operation. PALFINGER complies with the recommendation of the International Labour Organization Conventions on the minimum age for child labor or the employment of children. This minimum age should not be less than the age at which general mandatory school attendance ends, and in no case should it be less than 15 years.
Free choice of employment
Forced or compulsory labor is unlawful. Therefore, instances of human trafficking, modern slavery and slave labor or other forms of compulsory labor must not occur within PALFINGER at any time. All PALFINGER employees must be free to end the employment relationship after giving appropriate advance notice. No employee shall be required to hand over a personal ID, passport, or work permit as a prerequisite for employment.
Prohibition of discrimination
PALFINGER promotes diversity and equality of opportunities. Therefore, any form of discrimination against employees is not accepted. This applies to discrimination on the basis of, for example, gender or gender expression, race, skin color, origin, age, social class, sexual orientation, religion, pregnancy, physical or mental handicap, political beliefs, or membership in unions or other legal associations.
Freedom of association
Employees must be able to communicate openly with management regarding working conditions without fear of reprisal in any form whatsoever. PALFINGER grants employees the unrestricted right to form associations, to join a union, to seek representation and to be elected as such.
Health and safety
PALFINGER commits itself to promoting a corporate health and safety culture and to provide and continuously improve healthy and safe workplaces and working conditions. Management is held responsible for health and safety key performance indicators in their area of responsibility. Employees as well as third party workers and contractors are proactively involved, informed and trained regarding work-related health and safety issues and encouraged to report unsafe conditions without fear of reprisal. Where standards set by the national regulations are not sufficient to ensure healthy and safe work conditions, PALFINGER sets additional corporate health and safety standards beyond these including voluntary health programs.
Every entrepreneurial decision is viewed from a social and responsible perspective and carefully considered to determine whether the consequences correspond to our moral principles.
PALFINGER does not accept any form of corruption in its businesses. Kickbacks are a special form of bribery refering to illicit payment made in return for facilitating a transaction. Any form of kickback payments and bribery itself is strictly prohibited at PALFINGER. PALFINGER employees are only allowed to give or accept symbolic, low value gifts. All gifts in the form of money, vouchers or gifts conflicting with the law or moral values are prohibited in any case and no gifts may be accepted or given by PALFINGER employees with the aim of obtaining an improper act. PALFINGER employees should avoid situations in which their interests are or seem to be in possible conflict with those of PALFINGER.
Sponsorships & donations
At PALFINGER, sponsorship and donation activities are carefully chosen, transparently documented and never used for concealment. PALFINGER does not sponsor or donate to political parties or party-affiliated or other political organizations.
Antitrust and competition law
PALFINGER is committed to transparent and fair conduct on the market and complies with the laws regulating antitrust and competition law. No agreements or discussions must be made with competitors, suppliers or dealers aiming at or leading to the restriction or avoidance of competition. Employees must not discuss or share sensitive information with competitors.
Export law & sanctions
As a globally active company, PALFINGER is subject to various export regulations and country-specific sanction laws. When conducting PALFINGER’s business activities, these regulations are taken into account and transparency is obtained from our business partners subject to the transaction.
Protection of confidential information
For PALFINGER, technical development and technical expertise are of significant importance. Measures for the protection of trade secrets and other business information must be adhered to and any unlawful disclosure is prohibited.
PALFINGER requires its employees who have access to sensitive personal information of others, to treat these data confidentially. Such data must be used cautiously, in a strictly professional manner and solely for the purpose it was stored for subject to legal permission.
Protection of corporate property
The assets made available at PALFINGER are the property of PALFINGER and are to be handled with the highest standards of care. Any illegitimate use or theft is prohibited.
Capital market compliance
As a stock listed company, PALFINGER AG is subject to strict capital market regulations. Therefore, any form of market abuse, such as the abuse of insider information, is prohibited at PALFINGER and all forms of insider dealing, unlawful disclosure of insider information and market manipulation are to be avoided.
Anti-money laundering & terrorist financing
For PALFINGER, contributing to the prevention of money laundering and the prevention of such an act itself is of utmost importance. Therefore, no operations that (even indirectly) could support money laundering or terrorist financing are tolerated within the PALFINGER group.
We are very aware that there is no planet B. For this reason, we rely on resource-saving production and ensure absolute compliance with all standards. At the same time, we are constantly looking for even more environmentally friendly alternatives and are also developing our products in this direction.
Following the United Nations Global Compact environmental principles, PALFINGER adopts a preventive approach, engages in initiatives to promote more environmental responsibility, and promotes the development and spread of green technologies.
PALFINGER ensures appropriate environmental protection in all phases of production by focusing on material and energy efficiency as well as well as reduced environmental impact and carbon footprint along goals defined in the sustainability strategy. The nationally applicable environmental regulations set the minimum standard to comply with. PALFINGER takes a proactive approach to prevent and reduce environmental risks, respond to emergencies and minimize the consequences of potential environmental incidents.
Sustainable products are one of PALFINGER’s overarching goals. This includes the entire life cycle, starting with R&D into environmentally friendly materials, replacement of hazardous substances, recyclability of components, efficient use of resources, reduced energy consumption and emissions during operation, extended service intervals, easy repairs, the service life of products and the reuse and recycling of materials at the end of their lifespan.
OUR SHARED VALUES: ACT RESPECTFULLY, THINK ENTREPRENEURIALLY AND DEVELOP AS A LEARNING COMPANY