Profit: the economic dimension
DSM Business Principles on the economic dimension:
- Laws and regulations - We abide by applicable laws and regulations.
- Free and fair competition - We value free and fair competition in all countries of the world. Therefore we comply with competition laws in all areas where we operate and have implemented strict policies in this respect.
- Embargoes and trade law - We respect applicable trade laws and restrictions as imposed by the United Nations or other national or supranational bodies or government, and we have implemented strict policies to ensure compliance therewith.
- Bribery - We refrain from any form of corruption including extortion and active or passive bribery.
- Commission payments - We ensure that any commission payment, agent fee, etc. is based on a real, legitimate, documented service.
- Gifts - We do not give or accept any gift or favor that could compromise or raise doubts about the neutrality of the decisions made by ourselves or our partners. We set (local) limits of acceptable levels.
- Money-laundering and suspicious transactions - We refrain from any arrangement which appears to be used, or is suspected to be used, for money-laundering or other violations of the law. An active policy is being pursued to avoid becoming complicit in illegal business practices, and suspected cases are reported to company management.
- Transparent accounting - Our accounting records and supporting documents truly, fairly and completely describe and reflect the nature of the underlying transactions
- Conflict of interest - Our employees avoid any conflict of interest between the company’s interests and their private interests and avoid any behavior that could raise doubts about their integrity or the integrity of the company.
- Profit via Products contributing to societal needs – Our mission is to develop profitable products which contribute to key societal needs.
- Role in society - As long as conflicts of interest are avoided, we encourage our employees to play an active role in society, including activities in political parties and standing for election to public office, where this is appropriate in the light of local circumstances.
- Donations to political parties – We do not make any payments or donations in kind to political parties or their institutions, agencies or representatives.
- Public dialogue - We seek constructive dialogue with politicians and society to pursue our legitimate business interests. We base our arguments on facts and on scientifically sound, publicly stated positions.
- Inside information - We instruct our employees on the prohibition of abuse of inside information and on the need to handle such information (especially share sensitive information) with due care. The applicable rules are published on the website.
- Use and protection of company property and information - Our employees take good care of company property. They observe the Code of Conduct regarding the protection of company information and the use of the company’s information and communication systems.
