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The Clariant Code of Conduct, launched in 2007, is the principal policy, binding all Clariant employees, covering responsible behavior, protecting the reputation of the company, and reducing risks for our shareholders. The Code is a living document, and requires Clariant, as well as each and every employee, to respect and fully abide by a comprehensive set of rules on fair competition, freedom of association, the right to collective bargaining, corruption, discrimination, and child and forced labor.
Using detail provided by line management, Clariant’s General Counsel is the ultimate contact point for compliance questions, a responsibility that includes the tracking of all notifications of Code breaches and other related legal issues. In the year under review, no instances which could have a material impact on the Clariant Group were registered involving noncompliance with rules and regulations concerning corruption, unfair competition, or discrimination.
In addition to securing compliance with guidelines for ethical business behavior, Clariant places great value on acting as a responsible and supportive corporate citizen, wherever we do business. The responsibility for community projects and charitable contributions lies with regional business units who are best placed to respond to local needs. One example is Clariant’s Volunteer Council at our North American headquarters in Charlotte, NC, which celebrates its 10th anniversary in 2008. It has already logged thousands of volunteer hours on behalf of dozens of charitable and community organizations and initiatives related to health causes, the fight against hunger and homelessness, and early education in science and technology. Another example is our university partnership in China, a central feature of which is a project to invite students from leading institutions to join a training program in Clariant’s own laboratories. With activities such as these, Clariant strives to make a positive impact on global knowledge-sharing for responsible chemistry – a key determinant of our markets for tomorrow.
The Clariant Code of Conduct is our comprehensive framework which outlines the compliance principles to which Clariant and its employees are committed, including:
- No conflicts of interests
- No bribes
- No insider trading
- No anti-trust violation
- No money laundering
- No accounting fraud
- No disclosure of confidential information
- No abuse of business assets for private interests
- No environmental hazards
- No discrimination or harassment
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