COMPLIANCE AND BUSINESS ETHICS

Legal, ethical behavior and fair competition are integral components of all of our actions. Our business activities are based on honesty, reliability, consistency and predictably – at all times and at all locations.

This is the crucial basis for our relationship of trust with all our stakeholders, customers, suppliers and partners.

We participate in key international initiatives against corruption. But we also go above and beyond, requiring our company to consistently counter corruption and bribery and to maintain social and environmental standards.

• Partnering Against Corruption
  In 2004 we signed the Partnering Against Corruption Initiative at the World Economic Forum in Davos, Switzerland. This aims to introduce anti-corruption measures in the construction industry, worldwide. In doing so we underscore that Hilti has a zero-tolerance policy towards bribery.
• UN Global Compact
  In 2006 we joined the UN Global Compact, which is also clearly aimed against corruption. This global agreement, under the patronage of the United Nations, obliges companies to maintain social and ecological standards.

We require all our team members to always act within the law and within our own corporate guidelines. Our Code of Conduct for team members lays out how we work and is at the heart of how we do business. All our team members are trained to understand compliance.

We contractually require our suppliers to maintain fundamental requirements in the areas of human rights, labor rights, work safety and environmental protection and that they pledge to abstain from corruption. These standards are binding even if applicable national or international laws call for more lenient standards. We monitor our suppliers via various monitoring instruments such as audits.