Corporate Social Responsibility in the Supply Chain

Corporate social responsibility in the supply chain

As a global company, we are aware of our corporate responsibility and are committed to upholding human rights, respecting the rights of our employees as well as employees from the entire supply chain and protecting the environment.

Our commitment to the UN Global Compact principles

We have signed the principles of the UN Global Compact and are thus committed to ten fundamental principles in the areas of human rights, labour standards, environmental protection and anti-corruption. We are committed to monitoring not only our own business practices, but also those of our suppliers, and to ensuring that fundamental rights are respected.

Further information can be found in our progress report on the UN Global Compact website.

The German Supply Chain Act

The German Supply Chain Act (LkSG) has been mandatory for all larger German companies with more than 3,000 employees in Germany since 1 January 2023. The LkSG regulates corporate due diligence obligations to protect environmental and human rights in their own business operations and global supply chains. Further information on the LkSG can be found on the official website of the Federal Office of Economics and Export Control: BAFA - Overview.

With the reduction of the employee threshold to more than 1,000 employees, Semikron Danfoss has also been subject to the requirements of the LkSG since 1st of January 2024. Internal risk processes have been implemented in order to comply with the due diligence obligations within the company and the (direct) supply chain.