Management Approach

As part of the materiality analysis we conducted during the year under review, we were able to determine once again that the topic of compliance continues to gain in social significance. Our binding principles are laid out in our Code of Conduct, which guides the actions of all employees. The principles apply for all countries regardless of possible conflicting cultural customs. It not only regulates behavior toward key Symrise partners, but it also ensures transparent and reliable processes. The Code also references ethical and legal challenges that can arise in the workplace, as part of business relationships or when handling information. In the interest of all employees and the company, we react swiftly to violations against the Code and rectify their causes. In the event that our ethical and legal standards are breached, the Group Compliance office has installed an Integrity Hotline that can be used by all Symrise employees, regardless of their native language, to anonymously report breaches in legal regulations and internal company guidelines. Misconduct is consistently prosecuted in accordance with the applicable national laws.