Supply Chain Act
Commitment to Compliance with the German Supply Chain Act
At Knorr-Bremse Global, we are dedicated to ensuring that our operations and supply chain practices adhere to the highest standards of ethical and social responsibility. In compliance with the German Supply Chain Due Diligence Act (LkSG), we have implemented comprehensive measures to identify, assess, and mitigate human rights and environmental risks within our supply chain. Our approach includes rigorous on-site audits, detailed risk assessments, and continuous monitoring to ensure that our suppliers uphold the same standards of integrity and sustainability that we do. By fostering transparent and responsible sourcing practices, we are committed to protecting human rights, promoting fair working conditions, and reducing our environmental impact across all our global operations.
Preparing for the Corporate Sustainability Due Diligence Directive (CSDDD)
In anticipation of the upcoming Corporate Sustainability Due Diligence Directive (CSDDD) by the European Union, Knorr-Bremse Global is proactively enhancing our due diligence processes to meet the new regulatory requirements. We are strengthening our supplier engagement strategies, expanding our risk assessment frameworks, and increasing transparency throughout our supply chain. These efforts ensure that we are well-prepared to address the broader scope of sustainability and human rights due diligence mandated by the CSDDD. By integrating these advanced practices, we aim to not only comply with emerging regulations but also to lead the way in sustainable and ethical business practices, reinforcing our commitment to corporate social responsibility and environmental stewardship.
Commitment to Compliance with the EU Taxonomy Regulation for Sustainable Activities
Knorr-Bremse Global is dedicated to aligning our investments with the EU Taxonomy Regulation for Sustainable Activities. By adhering to this classification system, we ensure that our economic activities support environmental sustainability. We continuously evaluate and adjust our investment strategies to meet the criteria set out by the EU Taxonomy, promoting a greener and more sustainable future.
Commitment to Compliance with the Waste Framework Directive
At Knorr-Bremse Global, we manage waste responsibly in accordance with the Waste Framework Directive. We prioritize recycling, reuse, and sustainable waste management practices across our operations. By adhering to this directive, we aim to minimize our waste footprint and contribute to a circular economy, ensuring that our business practices are environmentally sustainable.
Commitment to Compliance with the EU Ecodesign Directive
We at Knorr-Bremse Global design our products to meet or exceed the environmental standards set by the EU Ecodesign Directive. By incorporating eco-friendly principles in our product development, we reduce energy consumption and environmental impact. Our commitment to this directive ensures that our products contribute to a more sustainable and energy-efficient future.
Commitment to Compliance with the EU Directive on Transparent and Predictable Working Conditions
Knorr-Bremse Global ensures fair and transparent working conditions for all our employees, in line with the EU Directive on Transparent and Predictable Working Conditions. We provide clear information on employment terms and protect workers' rights to ensure a positive and supportive work environment. Our commitment to this directive underscores our dedication to fostering fair and equitable labor practices.
Commitment to Compliance with the EU Occupational Safety and Health (OSH) Framework Directive
At Knorr-Bremse Global, we uphold high standards of workplace health and safety in compliance with the EU Occupational Safety and Health (OSH) Framework Directive. We implement comprehensive safety protocols and provide ongoing training to ensure the well-being of our employees. Our commitment to this directive demonstrates our dedication to maintaining a safe and healthy work environment.
Commitment to Compliance with the EU Anti-Corruption Directive
We at Knorr-Bremse Global implement robust measures to prevent and combat corruption, in line with the EU Anti-Corruption Directive. Our comprehensive anti-corruption policies and training programs ensure ethical conduct across our operations. By adhering to this directive, we demonstrate our commitment to integrity and transparency in all our business dealings.
Commitment to Compliance with the EU Non-Financial Reporting Directive (NFRD)
Knorr-Bremse Global discloses relevant non-financial information in compliance with the EU Non-Financial Reporting Directive (NFRD). We enhance transparency on social and environmental issues by regularly reporting on our sustainability initiatives and performance. Our commitment to this directive reflects our dedication to accountability and continuous improvement in ESG practices.
Commitment to Compliance with the EU Corporate Sustainability Reporting Directive (CSRD)
Knorr-Bremse Global is committed to providing detailed sustainability reports in compliance with the EU Corporate Sustainability Reporting Directive (CSRD). We transparently disclose our sustainability risks and opportunities, ensuring that stakeholders are well-informed about our ESG performance. Our dedication to this directive underscores our commitment to sustainability and transparency.
Commitment to Compliance with the EU Sustainable Finance Disclosure Regulation (SFDR)
At Knorr-Bremse Global, we disclose sustainability-related information in compliance with the EU Sustainable Finance Disclosure Regulation (SFDR). We enhance transparency on how we integrate ESG factors into our financial decisions, providing stakeholders with clear insights into our sustainability efforts. Our commitment to this regulation reflects our dedication to responsible and sustainable finance.
Commitment to Compliance with the EU Deforestation Regulation
At Knorr-Bremse Global, we are committed to ensuring that our sourcing practices align with the EU Deforestation Regulation. This regulation requires us to rigorously assess and verify that the products we import and trade are not linked to deforestation or forest degradation. By implementing stringent due diligence processes, enhancing supply chain transparency, and working closely with our suppliers, we ensure that our operations contribute to the protection of global forests. Our commitment to this regulation underscores our dedication to environmental stewardship, biodiversity preservation, and the fight against climate change, as we strive to lead by example in sustainable business practices.
By adhering to these EU regulations and directives, Knorr-Bremse demonstrates its unwavering commitment to sustainable and responsible business practices, ensuring that our operations and supply chain meet the highest standards of environmental sustainability, social responsibility, and corporate governance.
Links
- German Supply Chain Due Diligence Act
- EU Taxonomy
- EU Corporate Sustainability Due Diligence
- Waste Framework Directive
- EU Ecodesign Directive
- EU Directive on Transparent and Predictable Working Conditions
- EU Occupational Safety and Health (OSH) Framework Directive
- EU Anti-Corruption Directive
- EU Non-Financial Reporting Directive (NFRD)
- EU Corporate Sustainability Reporting Directive (CSRD)
- EU Sustainable Finance Disclosure Regulation (SFDR)
- EU Deforestation Regulation