GOVERNANCE (10FOR20 TARGET NO. 10)
Maintain and run a state-of-the-art compliance management system (including anti-corruption measures). Relevant to United Nations Sustainable Development Goals 8 and 16.
Examples from the 10FOR20 Action Plan:
- Increase participation rate for Kering’s ethics training
- Introduce a PUMA anti-corruption policy
- Percentage of PUMA employees trained in anti-corruption measures
- Percentage of PUMA core suppliers trained in anti-corruption measures
PUMA’s compliance management system
As a global sports company, PUMA is active worldwide. We are aware of the financial risks and potential reputational damage that may result from non-compliance with laws and regulations by both our employees and business partners. The risk of compliance violations is present in all corporate functions and in all countries in which we conduct business. That is why PUMA maintains a compliance management system to prevent, detect, manage and monitor compliance risks at an early stage. The pillars of this system are described in detail in the company’s Corporate Governance Report. At PUMA, we have a zero-tolerance approach to bribery and corruption. Incidents reported to senior management are investigated immediately and thoroughly and the appropriate disciplinary steps are taken.
The highest-ranking governance body at PUMA in terms of sustainability is the Administrative Board of PUMA SE and its Sustainability Committee. The Sustainability Committee is responsible for the supervision of PUMA’s sustainability strategy. The Sustainability Committee convened once in 2017. The current members of the Sustainability Committee are: Jean-François Palus, Béatrice Lazat and Martin Köppel.
As a member of the UN Global Compact, PUMA is committed to fighting all forms of corruption, including extortion and bribery. The fight against corruption is not only one of the most important focal points of our internal compliance management system, but also a reoccurring issue in our dialogue with NGOs, e. g. at our annual stakeholder discussions and with our contractual partners, especially in procurement. Our commitment to fighting corruption is an important part of the Group-wide PUMA Code of Ethics and the PUMA Anti-Bribery and Anti-Corruption Policy, regular communication measures implemented by management and all compliance training courses and e-learning. Ensuring the participation of almost all PUMA Group employees with email accounts in anti-corruption training courses is a factor in calculating bonuses for all PUMA executives.