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Observance of Human Rights
For STADA, good corporate governance means that the focus is not only on the achievement of goals, but also on the way in which these goals are achieved. The Company goal of achieving economic success in line with ethical responsibility, is also mirrored in STADA’s Code of Conduct, which provides guidance to employees particularly for proper behavior when facing legal or ethical challenges. It includes, for example, behavioral guidelines for dealing with each other and with third parties as well as rules regarding tolerance, respect and discrimination.
Many contracts negotiated since financial year 2016 and which have been concluded in connection with the production of finished goods include additional clauses on the topic of social responsibility. As part of this, STADA and its suppliers pledge to increasingly comply with the ten principles of the UN Global Compact. This is associated with an obligation to, among other things, respect and support the protection of international human rights and ensure that neither party is complicit in any violations of human rights and commits to the removal of all forms of compulsory labor and to the elimination of child labor. At the same time, STADA also increasingly queries its suppliers regarding their handling of the universal rights of each individual (see “Responsible Corporate Governance and Compliance – Environment, Health and Safety [EHS]”).
Further, a person’s right to integrity is taken into account using the application of GCP in STADA’s development and manufacturing practices (see “Contributions to Society – Product Safety and Quality”) or using EHS evaluations for example (see “Responsible Corporate Governance and Compliance – Environment, Health and Safety [EHS]”).