COMPLIANCE AND HUMAN RIGHTS AT THE BMW GROUP.
Driving the right way.
The BMW Group’s corporate culture is characterized by clear responsibility, mutual respect, and trust. Lawful conduct and ethical behavior are integral to our business activities and an important condition for securing the long-term success of our company. Our primary goal is to avoid risks that could jeopardize the trust our customers, shareholders, business partners, and the general public place in the BMW Group. For this purpose, the BMW Group has established a Compliance Management System equipped with instruments and measures to help associates handle compliance risks.
In our company's culture, transparency, openness and compliance have a high priority. We firmly believe that outstanding innovation can only occur under these conditions.
Chairman of the Board of Management of BMW AG
BMW GROUP LEGAL COMPLIANCE CODE.
Our company-wide network.
The BMW Group has established a company-wide Compliance Organization to educate associates about potential compliance risks and help ensure compliance with requirements at local and international level.
The Group Compliance Division, based at the Group’s Munich headquarters, designs and manages the Compliance Management System. Group Compliance is assigned to the Chairman of the Board of Management for organizational purposes. It includes the pillars “Program Design, Prevention”, “Operations”, and “Export Control”, as well as “Audits, Controls”, and is in charge of the compliance topics antitrust compliance, corruption prevention, export control, anti-money laundering, fraud prevention, and human rights, while the topics data privacy and technical compliance are allocated to other organizational units of the BMW Group.
The Group Compliance Division is supported by a company-wide Compliance Network of Ressort and Local Compliance Officers. They implement the Compliance Management System on the divisional level, in the business departments, and affiliated companies and, if necessary, supplement it at local or business-specific level.
Compliance Management System.
The BMW Group Compliance Management System includes a large number of preventive, monitoring, control, and response measures to support compliance with legal and ethical requirements. These apply to all BMW Group units worldwide. Where additional compliance requirements exist in individual countries or business units, these are met by applying local or business-specific compliance regulations and instruments.
Tailored to the BMW Group’s specific risk situation, objectives, topics, and priorities for avoiding legal and reputational risks are defined and regularly updated. In this way, compliance is firmly anchored in the corporate culture, based on the BMW Group core values of responsibility, appreciation, trust, transparency, and openness.
The BMW Group Legal Compliance Code covers all aspects of legal compliance relevant to the BMW Group and provides an appropriate compliance framework for all associates. The BMW Group Code on Human Rights and Working Conditions outlines how the BMW Group promotes respect for human rights and implements the ILO core labor standards in its business activities. These codes apply to all locations worldwide and to all business areas, as well as dealings with co-workers, customers, suppliers, business partners, and public agencies. Further internal regulations define clear rules of conduct for associates in certain focus areas, e. g. corruption prevention, antitrust compliance, anti-money laundering, and data protection.
Compliance Case Management coordinates compliance inquiries and tips from various contact points and develops appropriate measures. In particular, associates and external parties may contact the BMW Group Compliance Contact with compliance-related questions. The BMW Group also gives its associates the option of providing information regarding possible violations of the law within the company on an anonymous and confidential basis via the BMW Group SpeakUP Line.
For compliance reporting purposes, the entire BMW Group is surveyed at regular intervals to verify whether compliance obligations are being met. The Chief Compliance Officer regularly reports to the Board of Management and the Audit Committee of the Supervisory Board of BMW AG on the basis of these findings.
WORKING WITH BUSINESS PARTNERS TO AVOID COMPLIANCE RISKS.
The BMW Group is firmly committed to responsible and lawful conduct. We also expect this of our business partners.
Therefore, as part of the “BMW Group Business Relations Compliance” program, we implement a structured process of Compliance Due Diligence for selected business relationships with business partners. This is particularly relevant for BMW Group sales partners and certain service providers, such as sales intermediaries and consultants. On this basis, measures to avoid compliance risks are implemented with our business partners. These may include implementation of compliance training and specific monitoring activities.
The primary objective is to create a long-term, reliable basis for our business relations.
BMW Group Business Relations Compliance.
PROMOTING RESPECT FOR HUMAN RIGHTS AND FAIR WORKING CONDITIONS AT THE BMW GROUP.
The BMW Group takes its social and societal responsibility very seriously. Respect for human rights and fair working conditions are an integral part of our corporate culture. The BMW Group Code on Human Rights and Working Conditions confirms our commitment to comply with internationally recognized human rights and the core labor standards of the ILO, and aligns our due diligence process with the UN Guiding Principles on Business and Human Rights. Our focus is on topics and areas of activity where we can leverage our influence as a commercial enterprise, in addition to states’ and sovereign institutions’ obligations to protect human rights.
BMW Group Human Rights Code.
HELPLINE FOR COMPLIANCE QUESTIONS AND NOTIFICATIONS.
To avoid legal risks, associates may discuss any questions they have with their managers and the BMW Group departments responsible – in particular, the Legal Affairs, Corporate Audit, and Corporate Security departments.
The BMW Group Compliance Contact also serves as an additional point of contact for associates, customers, suppliers and other external parties on compliance-related matters. The same applies if deficiencies or other circumstances are identified that could lead to non-compliance with the law. Information may also be provided on an anonymous basis, if desired. The BMW Group assures informants that it will not take any steps to identify the source of information provided anonymously. This does not apply if the BMW Group Compliance Contact is used inappropriately.
The BMW Group Compliance Contact is available in German and English and can be reached as follows:
Phone: +49 89 382-60000 / Monday through Friday from 7:00 a.m. to 8:00 p.m. (CET)