RENK Compliance Program
RENK’s Compliance Program focuses on white-collar crime (especially anticorruption, prevention of money laundering) and antitrust law.
In this respect, RENK has developed a Group-wide Integrity and Compliance Program that prevents compliance violations, detects as early as possible any compliance violations that may arise despite preventative measures and responds quickly and efficiently to these compliance violations.
Compliance - for good reason
Corruption and cartel formation pose particularly high risks for the Company and its employees. Compliance violations in these areas can lead to high fines for the Company, penal sanctions against employees, actions for damages brought by customers, competitors and suppliers, order freezes and negative press.
RENK’s Supervisory and Executive Boards have also pushed to improve the compliance system as a result of the investigations following allegations of corruption, so that such cases do not occur again under any circumstances.
Compliance - everyone’s business
In light of this, RENK does not tolerate any breaches of compliance. Adhering to internal rules and legal regulations must take precedence over achieving financial goals for every RENK employee.
Every employee must ensure that compliance is not violated within his / her area of responsibility. RENK’s GRC Organization actively supports employees in such efforts.
Reporting of Compliance Violations
RENK promotes a corporate culture in which topics that are relevant to integrity can be openly addressed. Our employees are motivated and required to report potential violations of the Code of Conduct. They are encouraged to seek advice if they have questions or doubts.
To report compliance violations, the RENK Group provides reporting channels for all RENK Group employees as well as customers, suppliers and other third parties:
Digital whistleblower system: RENK Integrity Line
The RENK Integrity Line enables simple and secure reporting. With the digital platform, compliance violations can be reported at any time, worldwide and in various languages via internet – also anonymously. You can access the RENK Integrity Line via the following link:
Submitting a report initiates the whistleblower process of the RENK Group. As a whistleblower, you will be informed about the receipt of the report as well as about the completion of the processing. RENK Integrity Line allows anonymous communication with the Group Compliance Department. Incoming reports are always processed confidentially.
In addition, an external ombudsman is available to you. The ombudsman protects the identity of a whistleblower through his legal duty of confidentiality. Only upon request and with the explicit consent of the whistleblower will the identity of the whistleblower be disclosed to the Group Compliance Department of the RENK Group.
If you are uncertain how to evaluate facts or observations, the ombudsman will advise you in German and English. This also applies if you fear that you have committed a compliance violation yourself. Even then, confidentiality is guaranteed. You will not incur costs in any case.
You can reach the ombudsman via the following contact information: