Page Overview: BMW Group - Company - Compliance

Compliance

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.

Oliver Zipse

Chairman of the Board of Management of BMW AG

A road sign shows the direction for compliance.

BMW GROUP LEGAL COMPLIANCE CODE.

Acting responsibly and lawfully.

 

Here you can find the BMW Group Policy “Antitrust Compliance”: 

 

Here you can find the BMW Group Policy “Corruption Prevention”: 

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.

Company-wide network.

The Chief Compliance Officer is in charge of the Compliance Management System, head of the Group Compliance Division and reports on a regular basis to the Board of Management and Supervisory Board of BMW AG on design and implementation of the Compliance Management System.

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.

Elements of thes BMW Group Compliance Management System

The Compliance Risk Assessment is the basis of our measures to identify business-specific compliance risks with defined methodology and reporting parameters. The observation and evaluation of regulatory, official and governmental modifications or trends is also part of this element.

The Code of Conduct transfers the corporate values of the BMW Group into essential maxims of action and creates transparency for employees and the public about the main areas of compliance.  Based on this, the legal requirements for compliance issues are transferred and implemented into internal regulations and processes.

All employees are regularly informed through various internal communication activities. Compliance communication makes an important contribution towards establishing compliance in the corporate culture. Compliance training measures aim to enable BMW Group employees to fulfil their personal responsibility for lawful conduct in their respective area of activity. Compliance training is offered both online and in classrooms to meet the needs of different target groups.

Group Compliance provides different IT tools to help the departments and BMW Group employees understand and comply with relevant legal requirements in everyday situations.

The compliance functions advise the worldwide departments on questions regarding all compliance topics. The consulting approach is holistic, taking into account both departmental and local characteristics.

As part of the prevention measures, this element aims to control and improve compliance processes as well as to review defined implementation parameters.

Various whistleblowing systems are in place to ensure structured reporting channels and to allow whistleblowers to report anonymously. These include in particular the Speak-Up Line and the Ombudsperson.

Compliance audits are planned, event-independent risk-based audits of individual business activities and areas to identify specific compliance risks. The focus is on the review of legally compliant actions.

Compliance reporting is an essential element for informing the Executive Board, the Supervisory Board and its Audit Committee, as well as other internal stakeholders, about the Compliance Management System.  The focus lies on its implementation and potential for further development, and to assess its adequacy and effectiveness.

In addition to the elimination of misconduct and illegal acts, further risk-reducing measures may be required, which may include appropriate personnel measures and sanctions in the case of individually reprehensible conduct. The spectrum of sanctions can cover the entire spectrum depending on the case.

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.

Several employees talk to each other

BMW Group Business Relations Compliance.

Brochure for business partners

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 employees talk to each other.

BMW Group Human Rights Code.

Respect for human rights and fair working conditions.

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)
E-Mail: compliance@bmwgroup.com

Please note:
Additional contacts are available to handle any further comments, or questions concerning the BMW Group. Please use the form provided to contact the relevant departments.