Code of Conduct

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MAGNETEC signed the United Nations Global Compact and observes the following binding 10 principles.

Actual communication on progress of the UN Global Compact

The UN Global Compact's ten principles in the areas of human rights, labour, the environment and anti-corruption enjoy universal consensus and are derived from:

  • The Universal Declaration of Human Rights
  • The International Labour Organization's Declaration on Fundamental Principles and Rights at Work
  • The Rio Declaration on Environment and Development
  • The United Nations Convention Against Corruption

The UN Global Compact asks companies to embrace, support and enact, within their sphere of influence, a set of core values in the areas of human rights, labour standards, the environment and anti-corruption:

Human Rights

Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and

Principle 2: make sure that they are not complicit in human rights abuses.


Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;

Principle 4: the elimination of all forms of forced and compulsory labour;

Principle 5: the effective abolition of child labour; and

Principle 6: the elimination of discrimination in respect of employment and occupation.


Principle 7: Businesses should support a precautionary approach to environmental challenges;

Principle 8: undertake initiatives to promote greater environmental responsibility; and

Principle 9: encourage the development and diffusion of environmentally friendly technologies.


Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.

Conflict Minerals (Dodd-Frank-Act)

MAGNETEC is aware of its social responsibility concerning environment, occupational safety, health and human rights and understands that its business behaviour has an influence on the society and the environment. In order to warrant a peaceful, fair and sustained use of our worldwide resources MAGNETEC GmbH confirms the following:

All products of MAGNETEC do not contain either directly or indirectly conflict minerals from mines which are being financed or supported by armed groups in the Democratic Republic of the Congo or its neighbour countries.

The Dodd-Frank-Act especially refers to tin, tantalum, wolfram, columbite, gold and its derivatives, mined in the above mentioned sources.

CMR 02.2018

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last update: 2018-04-18