Governance
Good corporate governance
Kathrein attaches great importance to responsible, transparent corporate governance geared to long-term value enhancement. As a wholly owned subsidiary of RBI, Kathrein Privatbank also applies the Group-wide sustainability strategy "We create sustainable value". This consists of nine key areas for action and is constantly being developed. In order to identify these key areas for action, the RBI Group includes the Group perspective as well as the perspective of stakeholders, which include customers, suppliers and employees. Prioritization of the action areas is carried out at regular intervals with the help of a multi-stage materiality analysis.
What is important for us:
Kathrein has identified and prioritized the following sustainability aspects in order to evaluate and subsequently weight the fields of action.
- Operational ecology and supply chain
- Commitment to society and the environment
- Sustainability in core business
- Well-being of employees
- Economic value creation
- Organizational management
- Rules and control
- Transparency and disclosure
Code of Conduct
The Code of Conduct for dealings with customers, business partners and employees, which applies throughout the Group, is a binding set of rules for all employees and is available in all national languages of the RBI Group.
Diversity
How diversity is to be lived at Kathrein is anchored in our Diversity & Inclusion Policy. Read more about this under Social.
Governance and Compliance
Kathrein attaches great importance to responsible, transparent corporate governance geared to long-term value enhancement.
The Compliance department assumes an important management and control function in this regard, particularly in the course of designing standards and implementing them. The Executive Board and the Supervisory Board are regularly informed about compliance matters by the Compliance Officer.
All Kathrein employees receive regular training on compliance topics. These cover, in particular, aspects of combating money laundering and terrorist financing, compliance with international sanctions and embargoes, prevention of corruption and fraud, market abuse, avoidance of conflicts of interest, and adequate measures and rules on internal reporting obligations.
Kathrein is a contributor and user of the Know Your Customer ("KYC") information exchange platform SWIFT KYC Registry, which was designed to improve transparency through the simple and centralized exchange of KYC information.
Kathrein Privatbank has a well-established internal control system (ICS) and in doing so, the Internal Control Systems department acts independently and ensures the achievement of operational and financial reporting and regulatory compliance objectives. Compliance with the relevant guidelines is confirmed to the Group every two years.
SDGs
Kathrein Privatbank contributes to the achievement of these Sustainable Development Goals (SDGs) with its initiatives, projects and through its core business:
- SDG 1: End poverty in all its forms and everywhere.
- SDG 3: Ensure healthy lives for all at all ages and promote their well-being.
- SDG 4: Ensure inclusive, equitable and quality education and promote lifelong learning opportunities for all.
- SDG 5: Achieve gender equality and empower all women and girls.
- SDG 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
- SDG 10: Reduce inequality within and between countries.