CODE OF CONDUCT 

Preamble

As a value-oriented family company, LAUDA has always been committed to the basic principles outlined in the LAUDA mission statement and guidelines. This Code of Conduct describes the most important principles and values that we uphold in our daily interactions with employees, customers, suppliers, society and the environment within the scope of our global activities.

LAUDA commits itself to upholding the following basic
principles:

Compliance with the law

LAUDA is committed to complying with the applicable laws and regulations and ensuring that all LAUDA employees shoulder their responsibility.

Under no circumstances may our goals be pursued via fraudulent actions and means, such as forging of documents or issuing of documents containing false information.

Anyone who discovers or suspects a violation of the applicable laws or the LAUDA Code of Conduct must report the incident to their supervisor or the company
management immediately.

Any such incidents will be investigated in accordance with the applicable data protection legislation.

Responsibility towards people and society

Compliance with internationally recognized human rights and the fundamental principles of business ethics – in accordance with the ten universally recognized principles of the United Nations Global Compact – goes without saying for us all. If, in any concrete case, we are uncertain whether a certain behavior or decision is ethically justifiable, we will carefully weigh up our motives and, if in doubt, submit the decision to our company management.

Fundamental rights of employees

Discrimination on the basis of race, ethnic origin, sex, religion, beliefs, disability, age, sexual identity or other personal characteristics has no place at LAUDA.

Health and safety

LAUDA is committed to ensuring health and safety at work. The company guarantees a safe and healthy work environment, and is committed to preventing accidents and injury, including injury to personal integrity.

Child labor and forced labor

LAUDA strictly refuses any form of child labor or forced labor. We expect our suppliers to neither tolerate nor utilize child labor or forced labor. In addition, our suppliers may not procure any materials from supply chains associated with child labor or forced labor. They must take adequate measures to ensure that their own suppliers also uphold these principles.

Employee rights

LAUDA respects the right of employees to freedom of association, freedom of assembly and collective bargaining, to the extent that this is legal and possible in the respective country.