Good governance is essential for ensuring our sustainable success in the long term. In addition to designing clear objectives regarding ethics and transparency, an environmental, social, and governance (ESG) index was created to help us embed ESG factors into our business activities and decision-making processes, including the variable remuneration of our workforce.
The ESG Governance Index consists of the following commitments:
Both indexes are forward-looking and composed of twelve commitments we want to achieve in the coming years. We consider improving our governance and compliance a running target on challenges that will evolve over time. Thereby, we make sure that we always aspire to the highest standards.
Next to the ESG governance index, a compliance index, which guides us in introducing the right measures to ensure compliance with all relevant legal and regulatory requirements, was created. The index consolidates key requirements needed to ensure that we are not only compliant with all relevant regulatory requirements but also prevent any kind of fraud or abuse, detect compliance issues at an early stage, and implement prompt corrective actions.
The Compliance Index consists of the following commitments:
50Hertz belongs to the companies which apply a zero tolerance policy and actively prevent and combat corruption. On the occasion of a reinforcement of our investment capacity, we have extended our corruption prevention program; an external ombudsman will now be available as contact and confidence person to our collaborators, suppliers and contractors, as well as to third parties. He is an external independent lawyer bound to professional secrecy. The information provided by a person will only be transmitted with his/her express consent to the Compliance Subcommittee, which is responsible of these cases in the company; by request, the information can also be transmitted anonymously.
Dr. Rainer Frank has been appointed as ombudsman of 50Hertz. He is a lawyer specialized in criminal law and in the area of economic criminal cases especially.
Rechtsanwalt Dr. Rainer FrankFachanwälte für Strafrecht am Potsdamer PlatzPotsdamer Platz 810117 Berlin
Phone number: +49 30-31868546 or +49 30-3186853 (Law office)Fax number: +49 30-31868555E-Mail: firstname.lastname@example.org or email@example.com (Law office)
Further information and details on the offenses in this framework can be found here: www.ombudsmann-50hertz.fs-pp.de
Should you have any question on our ombudsman system, please call Boris Rogowski, Compliance Coordinator, phone number: +49 30-5150-2787, or Dr Frank Hölzer, Head of the Law Department, phone number: +49 30-5150-2191.
Should you be or become aware of any processes relating to our company and which appears to be unlawful favoritism or illegal behavior, you can inform our ombudsman. We invite you to make use of this service.