Code of Conduct

Code of Conduct – Compliance Management
Applicable guidelines in everyday working life at Weber PT GmbH & Co. KG
A guideline for legally, ethically and socially correct behavior

Preamble

This Code of Conduct outlines the principles for ethical behavior within our family business, promoting sustainable success and fostering trust with customers and partners. Management must exemplify the behaviors articulated in this Code so that all employees can align with its values. This Code is grounded in our corporate values and social and legal principles, providing binding guidelines for all employees and managers. As a medium-sized family business with a production site in Germany, we are committed to tradition, quality, and a sense of responsibility. Our core values include trust, integrity, and respect for our customers, partners, suppliers, the environment, and society. Everyone in our company must honor and integrate these values into their daily actions. It is also crucial that our business partners adhere to these principles.

1. Integrity and ethical behavior

Honesty and Transparency: We commit to acting openly, honestly, and transparently. Ethical principles and applicable laws always guide our decisions.
Avoidance of Conflicts of Interest: Personal interests must not interfere with the company’s interests. Any potential conflicts of interest must be disclosed and avoided.
No Corruption or Bribery: We reject all forms of corruption and are dedicated to fair and lawful business practices. Business decisions must be based on objective criteria and not influenced by personal gain. Bribery and unethical favors are not tolerated.

2. Responsibility towards society

Social Commitment: As a family business, we recognize our social responsibility. We engage in local and regional initiatives and support projects that contribute to the positive development of our community.
Human Rights and Working Conditions: We respect human rights and fair working conditions throughout our supply chain. Exploitation, child labor, and forced labor have no place in our operations.
Respect for All Stakeholders: We treat everyone we interact with—whether in our workforce or business relationships—respectfully and with dignity.

3. Responsibility Towards the Environment

Sustainability as a Corporate Principle: As an industrial company, we recognize our special environmental responsibility. We are committed to using environmentally friendly and sustainable production processes, aiming to minimize our ecological footprint through methods and materials that conserve resources.
Climate Protection and Energy Efficiency: We prioritize energy-efficient technologies and actively work to reduce our CO₂ emissions. Climate protection measures are an integral part of our corporate strategy.
Circular Economy: We prioritize waste avoidance and recycling. We also promote material reuse and support initiatives that foster a circular economy.
Compliance with Environmental Regulations: We adhere to all legal environmental regulations and continually strive to improve our environmental impact.

4. Responsibility Towards Employees

Equal Treatment and Diversity: Discrimination or harassment of any kind is unacceptable in our company. We promote a fairness, openness, and inclusion culture, valuing every employee regardless of gender, age, ethnic origin, religion, or sexual orientation. Diversity strengthens our organization.
Health and Safety: The health and safety of our employees is our highest priority. We ensure that working conditions meet the highest standards, comply with all relevant health and safety regulations, and protect physical and mental well-being.
Training and Development: Continuous learning is essential to our success. We support our employees in their personal and professional development to maintain a modern and forward-thinking workforce. This commitment is a core aspect of our corporate culture.

5. Responsibility Towards Business Partners

Quality and Reliability: We are committed to delivering the highest quality and reliability to our customers and business partners. This includes adhering to agreed standards, delivery dates, and contractual obligations.
Confidentiality: We prioritize protecting confidential information belonging to our customers, partners, and suppliers. We respect business secrets and will not share them without proper authorization.
Fair Competition: We are dedicated to ensuring fair competition and following market regulations. We avoid any actions that could manipulate, distort, or unfairly disadvantage competitors, and we always comply with applicable antitrust and competition laws.

6. Customer Focus and Quality

Customer Satisfaction: Our customers are central to everything we do. We deliver products and services of the highest quality that exceed our customers’ expectations.
Trust and Transparency: We maintain open and transparent customer relationships. We value feedback and use it to improve our services continuously.
Innovation and Progress: We focus on technological innovation and continuous improvement to provide our customers with future-oriented and sustainable solutions.

7. Responsibility in the Supply Chain

Selection of Suppliers: We carefully select our suppliers and partners, paying close attention to quality, ethical, and ecological standards. We prefer partners who also meet high sustainability and social responsibility standards.
Long-Term Partnerships: We aim to build fair, long-term, and collaborative relationships with our suppliers based on trust, openness, and mutual respect.
Supply Chain Transparency: We require transparency from our suppliers and ensure that unethical or illegal practices, such as money laundering, tax evasion, or terrorist financing, are not tolerated in our supply chain.

8. Product Safety and Product Quality

Highest Quality Standards: We are committed to delivering products that meet the highest standards. Every employee is responsible for ensuring our products are precisely manufactured, tested, and free from defects, meeting or exceeding our customers’ expectations.
Product Safety as a Top Priority: The safety of our products is our top priority. We ensure all products leaving our company are safe to use and comply with all relevant legal requirements and internal safety standards. Any safety risks are identified and eliminated immediately.
Continuous Quality Control: Our manufacturing processes include regular and systematic quality checks to ensure no defective or unsafe products are delivered to our customers. Deviations from quality specifications must be reported and rectified immediately.
Feedback and Improvements: We take customer feedback and complaints about quality and safety seriously. We use this feedback to continuously improve our processes and prevent future product defects or safety issues.

9. Handling of Company Property

Careful Handling: All employees must treat company property (e.g., tools, machines, computers, vehicles, raw materials) respectfully and carefully. Unnecessary wear, damage, or misuse of company property must be avoided, and any associated costs must be considered.
Use for Company Purposes: Company property should be used exclusively for business purposes unless express authorization is given for private use. Misusing company resources, such as office supplies or vehicles, for personal purposes, is prohibited.
Protection Against Loss and Theft: Employees must protect company property from loss, theft, or misuse. Security measures, such as locking equipment or premises, must be observed.
Electronic Devices and IT Systems: IT systems and company-owned electronic devices (e.g., computers and smartphones) must comply with internal IT security policies. Confidential data and information must be protected to prevent unauthorized access or misuse.
Reporting Damage or Loss: If company property is damaged or lost, it must be reported immediately to the responsible department (e.g., IT, Facility Management) so that appropriate measures can be taken.

Intellectual Property: Third-party intellectual property is not permitted.
Confidential Information: Confidential information includes production documents, offers, framework agreements with customers and suppliers, financial data that is not publicly accessible, market development forecasts, internal information about employees, customers, suppliers, and research data.

10. Social Responsibility and Commitment

Social Commitment: We recognize our responsibility as a family business to society. We actively participate in social and cultural projects and support initiatives that promote the common good.
Fair Working Conditions: We prioritize fair working conditions and are committed to ensuring humane practices worldwide, both within our own company and throughout our entire supply chain.
Local Solidarity: We consider ourselves a part of the local community and actively promote regional projects and partnerships to support our area’s social and economic development.

11. Innovation and Shaping the Future

Openness to Change: The world is changing rapidly, and we are evolving as a company. Embracing innovation and new ideas is an essential part of our culture.
Sustainable Business Development: We focus our strategies on social, environmental, and economic sustainability, ensuring that our actions align with future needs.
Employees as Shapers of the Future: Every employee plays a vital role in our company’s development. We encourage ideas and suggestions for improvement from all team members.

12. Digitalization and Data Protection

Digital Innovations: Digitalization presents opportunities to optimize processes and expand into new business areas. Innovative technologies and digital tools enhance our efficiency and collaboration with partners and customers.
Data Protection and Information Security: Our highest priority is Company and customer data security. We strictly adhere to applicable data protection regulations and implement all necessary measures to safeguard sensitive information.

13. Implementation of and Compliance with the Code of Conduct

Responsibility of Each Individual: Every employee is responsible for adhering to this Code of Conduct. We expect everyone to implement these principles in their daily business activities. Any violations of this Code will be taken seriously, and appropriate action will be taken.
Reporting Violations: Violations of this Code of Conduct must be reported immediately. Reports can be made anonymously and without fear of retaliation. It is essential that reports are made in good faith and that only truthful information is provided. Our company will investigate all reports thoroughly and take appropriate action.

Consequences of Violations: Violating this Code may result in disciplinary action, including the potential termination of employment.
Continuous Review: This Code is regularly evaluated and may be updated as necessary to reflect new developments or changes in legal requirements.

Conclusion

This Code of Conduct reflects our company’s core values: a blend of traditional values and openness to new developments, particularly regarding digitalization, sustainability, and social responsibility.
Sustainability and a sense of responsibility are essential for our long-term success. Each individual contributes to our growth and helps to uphold our values. Integrity, quality, and respect form the foundation of our approach.

This Code serves as a guideline for our daily actions and establishes a basis for long-term collaboration with our supply chain partners. Together, we are building a sustainable and responsible future for our family business, employees, customers, and society.

Weber Präzisionstechnik GmbH & Co. KG
January 2025