Deutz says that it strives for commercial success while fulfilling its environmental, social, and corporate responsibilities, and that this objective is reflected in the name of the sustainability strategy, Taking Responsibility.
The group adds that it has to work in conjunction with its suppliers in order to fulfill its responsibilities, and with this in mind, it has revised its supplier code of conduct to accompany the human rights code that it adopted at the end of 2022.
Many of the revisions to the supplier code of conduct turned matters that had previously been expressed as expectations into mandatory requirements.
“The war in Ukraine and its geopolitical fallout are the defining issues that we face at present, but we must not lose sight of other global challenges,” says Deutz CEO Sebastian Schulte. "We take our responsibility for future generations and the environment very seriously. It starts with us but naturally has a far wider reach because only together can we make globalisation more sustainable by making it work better for society and the environment."
The new supplier code of conduct is based on national and international laws and conventions – such as the German Supply Chain Due Diligence Act (LkSG), the United Nations Global Compact, the OECD Guidelines for Multinational Enterprises, and the UN Guiding Principles on Business and Human Rights.
Deutz COO Petra Mayer says: “Deutz stands for responsible corporate governance. Which is why we view compliance with our Supplier Code as absolutely essential for any business relationship. And of course our business partners, be they suppliers or customers, can expect the same of us as we expect of
our suppliers."
