Compliance Program
As a member of the BASF Group, BTC Europe has set out “values and principles” committing it to responsibility and integrity in its activities. The integrity of all employees is essential for the success of BTC, since breaches of the law and competition violations have a negative impact on the image of a company and the trust placed in it by its partners. In view of this, we perceive the integrity value not only as the benchmark for our activities, but also as an important element of risk management. The integrity value is set out in concrete terms in the Compliance Program.
Committed to transparency – Chief Compliance Officer
Codes of conduct are central to the BASF Group Compliance Program. The aim of this extensive program is to firmly establish the code of conduct in the everyday work and the consciences of all employees by means of information and vocational training. The Compliance Program helps employees to understand the conduct which is expected of them by summarising the central legal regulations and relevant company policy in the form of a set of guidelines.
The Chief Compliance Officer is responsible for managing and developing this program across the Group. The program includes systematic introductions and training for employees according to the work which their position involves.
Industrial and plant safety, protection of health and the environment
Compliance with all legislation aimed at protecting people and the environment is one of the company’s basic principles, for both legal and ethical reasons. This applies to our products as well as to our processes.
Antitrust regulations
Our company policy is to promote fair competition. In view of this, employees are expected to abide by all antitrust laws and regulations.
Insider knowledge
Employees may not use their knowledge of confidential internal projects and processes for personal purposes or for personal gain.
Embargo and trade control regulations including those concerning chemical weapons
Various national and international trade laws restrict or prohibit the import and export of certain products. These restrictions may be due to the 'chemistry’ of the products, to the country of origin or destination or to the identity of the customer (embargo). We comply with these laws and restrictions.
Handling company property and the property of our business partners
All employees are required to use company property in a responsible manner. Company property also includes intangible assets such as know-how, industrial property rights and communications facilities. Our inventions, patents and know-how are of vital importance for the long-term success of our company.
Money laundering
Various countries, including Germany and its fellow EU Member States, have passed laws prohibiting money laundering. BTC Europe abides by these laws.
Dealing with business partners and representatives of government bodies
Suppliers and customers must be dealt with fairly. The company expects the same from its suppliers and customers. The private interests of employees and the interests of the company must be kept strictly separate.
