Slavery and Human Trafficking Statement

“The term Modern Slavery covers the following types of exploitation: slavery, servitude, forced or compulsory labour and human trafficking. These are unacceptable offences that should not prevail in our modern working lives. TÜV SÜD AG supports fully the eradication of modern slavery at work and pays its part in realising this through strong, ethical employment practices and requiring the same from our supply chains. TÜV SÜD AG acknowledges its continued responsibilities under the Modern Slavery Act 2015 and, accordingly, has produced this Statement of its position with respect to the prevention of modern slavery within its operations for its financial year ending 31 December 2017.”

Introduction

TÜV SÜD fully supports the Act and is committed to tackling slavery and human trafficking where it can.

TÜV SÜD AG is the parent company of the TÜV SÜD Group (“the Group”). TÜV SÜD is a leading technical service corporation catering to the INDUSTRY, MOBILITY and CERTIFICATION Segments. Its range of services embraces advisory, inspection, tests and expert reports as well as certification and training. Our objectives are reliability, safety and quality, environmental protection and profitability. By providing these services, TÜV SÜD delivers competitive edge to its clients throughout the world. Founded in 1866 as a steam boiler inspection association, the TÜV SÜD Group has evolved into a global, future-oriented enterprise.

At present, about 24,000 employees around the world are committed to optimizing technology, systems and know-how. In 2016, TÜV SÜD increased its consolidated revenue from EUR 2.22 billion to EUR 2.34 billion. TÜV SÜD AG is not listed on the stock exchange. It is owned by TÜV SÜD e.V. and the TÜV SÜD Foundation, which hold 74.9 % and 25.1 % of the shares respectively.

This statement outlines the Group’s approach to tackling slavery and human trafficking where it can.

Supply Chains

As a service provider, our supply chains are primarily related to the procurement of support services and materials to deliver our specialist technical services. We expect our suppliers to adhere to our standard procurement terms and conditions which ensure that our supply chains are contractually obligated to comply with the Modern Slavery Act 2015. We continue to engage with our suppliers regularly to collaboratively ensure compliance.

Group Policies

The TÜV SÜD Code of Ethics describes the values and principles which employees and suppliers are expected to uphold. All employees receive a training on the Code of Ethics and a refresher programme is currently being implemented. This is complemented by a robust Compliance organisational structure with representation at Local, Regional and Global level, culminating in an independent Ombudsman to whom ethics breaches may be reported. These ethics are addressed in greater detail through specific local policies.

Our recruitment practices ensure that individuals are free to work. All workers benefit from working conditions and terms and conditions of employment that meet or exceed all applicable legislation on areas including working hours, holiday, pay and equality. All offers of work made by the Group are accepted on an entirely voluntary Basis.

Due Diligence

Since publishing its first Statement, the Company has made progress in standardising vendor questionnaires and ensuring these are fit for the purpose in meeting its obligation under the Modern Slavery Act 2015.

Employee Awareness

TÜV SÜD conducts online and face to face training for its employees to emphasize the importance of acting with integrity and in line with our internal Code of Ethics.

We are in the process of briefing our key staff on Modern Slavery and on the requirements of our Anti-Slavery and Trafficking Policy. In addition, employees are briefed on the existence of the Modern Slavery Act 2015 and of their individual and collective responsibilities.

This statement has been approved by the Board of TÜV AG on behalf of TÜV SÜD Group.

January 2018

Prof. Dr.-Ing. Axel Stepken. Chairman of the Board – TÜV SÜD AG

Prof. Dr.-Ing. Axel Stepken
- Chairman of the Board – TÜV SÜD AG

Next Steps