Dealing with Employees, Suppliers, and Business Partners

This Code of Conduct serves as a guideline for business conduct and outlines the principles and requirements TETEC AG expects from its employees, suppliers, and business partners regarding their responsibility toward people and the environment. The Code of Conduct may be supplemented or amended by other company policies.

As a manufacturer of medical devices, we are subject to numerous local, national, and international regulations, laws, and industry guidelines designed to protect patients, consumers, and professional users. Non-compliance can lead to significant penalties for the company, its management, or employees, in addition to reputational damage. Adhering to the rules of this Code of Conduct helps prevent legal violations and ensures that we conduct our business fairly and lawfully.

We are committed to legally compliant and socially responsible corporate governance in line with our corporate strategy. This includes strict adherence to applicable laws and regulations.

Compliance with applicable laws is understood as the minimum standard. For TETEC AG, compliance not only means legal conformity but also encompasses ethical values such as integrity, fairness, and sustainability, which we practice transparently both internally and externally.

To ensure compliance, all TETEC employees are required to report any violations or potential breaches of this Code of Conduct or the law at info@tetec-ag.de.

1. Conflicts of Interest

We ensure that personal interests do not conflict with the interests of the company. A conflict of interest arises when personal interests are at odds with those of the company. TETEC respects the private interests and activities of employees, provided they remain fully loyal to the company. Employees are guided solely by the company’s interests in fulfilling their professional obligations and avoid activities that conflict with business interests or these obligations. They do not misuse their position, company information, or assets for personal purposes or inappropriate third-party benefits.

To avoid risks or the appearance of conflicts of interest, employees must disclose any actual or potential conflicts of interest to their supervisor, who will decide how to address the issue.

2. Company Property

We protect the property, assets, and business opportunities of our company, including but not limited to know-how, patents, trademarks, real estate, and work tools. These assets have been created through the hard work and dedication of our employees and are integral to the company’s operations and activities.

All TETEC employees are expected to safeguard and maintain the company’s tangible and intangible assets to ensure and promote the company’s continued success and sustainable development.

3. Data Protection and Information Security

We protect the property, assets, and business opportunities of our company, including but not limited to know-how, patents, trademarks, real estate, and work tools. These assets have been created through the hard work and dedication of our employees and are integral to the company’s operations and activities.

All TETEC employees are expected to safeguard and maintain the company’s tangible and intangible assets to ensure and promote the company’s continued success and sustainable development.

4. Respect for Human Rights and Diversity

We reaffirm our responsibility and commitment to upholding and promoting human rights. TETEC AG supports and respects the core labor standards of the International Labour Organization (ILO).

We view diversity as an asset, and TETEC’s HR policies offer equal opportunities to all employees. We value differing perspectives, attitudes, experiences, and backgrounds.

Our hiring, employment, and business decisions are never based on factors such as age, ethnicity, nationality, gender, gender identity, physical or mental abilities, religion, beliefs, sexual orientation, social background, or other legally protected characteristics.

5. Environmental Protection

We view sustainable business practices and the conservation of natural resources as contributions to environmental protection for current and future generations. Compliance with environmental regulations and respect for the environment require careful handling of nature’s limited resources to ensure sustainable business success. A commitment to environmental protection and energy conservation is an integral part of our world-class production.

6. Health and Safety

We provide safe workplaces and ensure a safe and healthy work environment. Our managers are aware of their responsibilities and lead by example. They ensure that employees receive comprehensive training and instructions on occupational health and safety measures. Regular risk assessments are conducted to identify potential workplace hazards and continuously improve safety. Our certified health and safety management systems secure our internal processes and guarantee the implementation of high standards. Monitoring is conducted through regular internal and external audits.

7. Anti-Corruption

Corrupt business practices such as bribery, embezzlement, fraud, theft, and the granting or acceptance of unfair advantages are not tolerated or supported by TETEC. We commit to the highest standards in our global business activities. We do not offer or accept unlawful or unwarranted benefits.

Employees are obliged to avoid corrupt behavior and must not offer, provide, or authorize inappropriate benefits to third parties or accept such advantages themselves. This includes money, goods, services, or other unwarranted benefits. This obligation extends to all business activities, including those involving business partners and other parties acting on our behalf.

Requests for donations or gifts from third parties are only granted in compliance with legal provisions and internal regulations. No business opportunity, no matter how beneficial, justifies breaking the law.

8. Fair Competition and Trade

We achieve business success through outstanding performance and fair, honest behavior in competition. TETEC AG is committed to fair dealings with business partners, competitors, patients, authorities, and employees. We embrace free competition and address its challenges in an open and fair manner. We rely on the quality of our products and services and reject unfair or anti-competitive practices, particularly coordinated actions with business partners to distort free competition.

9. Quality

TETEC AG maintains high-quality standards, which are crucial for meeting regulatory requirements. This is a fundamental prerequisite for our business operations. We comply with legal and regulatory requirements and internationally recognized standards (e.g., GMP – Good Manufacturing Practice) to meet the high expectations of our business partners regarding the quality, safety, and efficacy of our products. We engage in constructive and close dialogue with doctors, healthcare professionals, patients, governments, and authorities.

All TETEC employees and management are strongly committed to a culture of quality and continuous improvement. Our regulatory-compliant and effective processes, combined with responsible, sustainable, and value-driven actions, ensure the highest quality in all our activities.

10. Sustainability

We are committed to using our resources in an economically, ecologically, and socially sustainable manner. Sustainability is one of our core values, guiding our business decisions with consideration for present and future generations.