AMAG has a comprehensive compliance system. Related regulations are contained in the AMAG anticorruption, commercial representative, anti-trust, data protection and issuer compliance guidelines.
The guidelines are reviewed annually in accordance with the internal control system (ICS), updated as necessary and distributed in a regulated process. Training courses are also offered. The Compliance Committee reports on relevant compliance issues to the Management Board on a regular basis.
The AMAG code of conduct supplements the guidelines. This governs dealings with business partners, shareholders and employees and forms the basis of daily activities. The code of conduct can be found on the company website together with the compliance rules for suppliers. The compliance rules are communicated actively to all suppliers and are integrated into our general purchasing terms and conditions. AMAG’s suppliers are expected to comply with these principles.
Central compliance measures are:
As a supplier of high-quality aluminium products, AMAG endorses the values enshrined in the Universal Declaration of Human Rights and the core conventions of the International Labour Organisation based on the non-discriminatory respect for the dignity of the individual. As a founding member of the Aluminium Stewardship Initiative, the company actively contributes to sustainability and transparency along the aluminium value chain and promotes the implementation of responsible practices.
Adherence to human rights is required by the ASI and is checked in the course of ASI certification. Human rights in relation to suppliers are anchored in the compliance rules for suppliers. These are communicated actively to all suppliers and are integrated in the general purchasing terms and conditions. The principles set out within these terms and conditions include the fair treatment of employees in relation to appropriate working hours, regular leave and performance-based compensation.
Employees are treated according to the principle of equal opportunities without distinction on the basis of race, colour of skin, sex, religion, membership of a group, origin or other status. The relevant standards of the International Labour Organisation are complied with, particularly the non involvement in child labour, forced labour or debt bondage. Employees are granted the right to form or join an independent workers’ representative body.
Since the 2017 reporting year, we have published a summarized non-financial statement in our management report, thereby fulfilling our reporting obligation in accordance with the Sustainability and Diversity Improvement Act (NaDiVeG). It summarizes the essential information for AMAG on the five required aspects of environmental issues, employee issues, social issues, respect for human rights, anti-corruption and bribery.