Business Policy

PREIS Group is an innovative developer and producer of electrical components, foundry products, welding constructions and drainage systems. The highest priority in our business is the long-term existence, continuous growth, sustainable development, technology and market leadership in all business areas of operations. Target of all our divisions is to be best in class. The high-quality standard of accomplishments for our customers and long-term customer satisfaction are essential for that.

In parallel to the necessary economic success, we pursue long-term positive corporate development considering environmental, social and governance (ESG) regulations. This includes compliance with relevant legislation, the fulfilment of social requirements as well as continuous improvement in quality, environment, efficient use of energy and health/safety with the usage of optimal techniques and provision of necessary resources. In desire to perceive leadership responsibility and to put our objectives into operation we maintain an integrated management system that includes the following principles:

Quality means to us...

Consistent protection of product quality before starting production
Consistent prevention of failures and elimination of error cause, following zero defect policy
Permanent optimization of all business processes with the goal of only running robust processes
Involve- and development of suppliers regarding our quality philosophy
Assessment / feedback of our customers
Minimize costs and increase performance
Strengthening our competitive position
Every employee contributes to achieving and secure the quality standard through personal responsibility
Achieving customer satisfaction with the fulfillment of their requirements, needs and expectations

Environmental protection and efficient use of energy means to us...

Conservation of natural resources by reducing the impact of our economic activities on the environment
Continuous reduction of pollution by avoiding respectively reducing of emissions and scrap
Use of renewable energy, energy efficient manufacturing, efficient energy consumption, CO2 reduction,
Optimal use of resources by circular waste management and constant improvement of energy indicators
Continuous product improvement to extend the life cycle of products
harmonization of production processes with the best available techniques
Inclusion of environment and energy aspects already at planning and development of new products and processes
Execution of continuous measures to save energy as well as investigation of relevant data
educating employees, raising motivation, awareness and knowledge about the environment and energy effective management
Prevention of environmental accidents by preventive measures
Open communication with stakeholders

Safety and health care means to us...

Avoid health damage by preventive measures and health promotion
Use of personal protective equipment and safe machines to reduce risk for all employees, suppliers and visitors
Obtain and promote long-term performance of our employees
Ergonomic workplace design
Identify and reduce sources of danger and risks
Promotion of culture of safe behavior for employees and visitors
Care, order and cleanness in the workplace
Continuous supervision of implemented health and safety measures

We promise our employees that...

We nurture a family-like, friendly corporate culture with a high level of appreciation and respect
We will work hard to maintain a high level of job security
We care for your health in our facilities
We provide well-equipped, modern and attractive workplaces
We define interesting job profiles, in which you can work internationally and develop a wide range of competencies
We offer an extensive set of learning opportunities, based on periodical learning & career development discussion

The management of PREIS declares this business policy and the associated fundamentals as mandatory for all business processes, organizational units and all employees. Every employee contributes to its fulfilment. The obligation to communicate relevant information from this Business Policy to employee, customers and other interested parties is carried out by trainings, bulletins in the Company as well as on our internet Homepage. The high effectiveness of our integrated management system (ISO 9001, 14001, 45001 and 50001) is secured by regular monitoring and assessments of the status and progress by management.

Corporate Social Responsibility (CSR) and Code of Conduct (CoC)

As an international acting Group of companies, we are aware of our corporate and social responsibility towards our customers, suppliers and partners, as well as towards our corporate environment. The principles of responsible corporate management, the securing of employees and human rights as well as environmental protection, quality, health and safety are an integral part of our business policy and therefore part of our integrated management system. The Group of Companies lives a sustainable economic and social model and aspires a reasonable balance between market based and social ecological responsibility. Therefore, we have expressly committed ourselves to the following principles:

Legal compliance

comply with the laws and regulations of the applicable legal systems.

Human Rights

to ensure respect for all internationally proclaimed human rights by avoiding causation of and complicity in any human rights violations. Heightened attention shall be paid to ensuring respect of human rights of specifically vulnerable rights holders, such as women, children or migrant workers, or of (indigenous) communities.

Prohibition of Forced Labor

Neither use nor contribute to slavery, servitude, forced or compulsory labor oppression, exploitation and human trafficking.

Prohibition of Child Labor

Employing no workers under the age of compulsory schooling ends according to the law of the place of employment, provided that the age of employment is not less than 15 years or, in those countries subject to the developing country exception of the ILO Convention 138, employ no workers under the age of 14.
Employ no workers under the age of 18 for hazardous work according to ILO Convention 182.

Non-Discrimination and Respect in employment

Ensure equal treatment of employees, irrespective of skin color, race, nationality, ethnicity, social background, health status, disabilities, gender, sexual identity and orientation, marital status, political opinion, ideological or religious conviction, belief, or age, and promote their equal opportunities.
Refuse to tolerate any unacceptable treatment of individuals such as mental cruelty, sexual harassment or discrimination including gestures, language and physical contact, that is sexual, coercive, threatening, abusive or exploitative.
Refrain from unnecessary restriction on freedom of movement, except for safety and security requirements.

Freedom of association and collective bargaining

Recognize the legal rights of workers to form or join trade unions and to engage in collective bargaining, neither disadvantage nor preferred members of employee organizations or trade unions.

Working Hours and Wages for Employees

Adhere to all applicable working-hours and rest breaks regulations.
Pay fair, at least minimum, wages required by applicable law.
In the event of cross-border personnel deployment, we adhere to all applicable legal requirements.

Life, Health and Safety of Employees

Act in accordance with the applicable statutory and international standards regarding occupational health and safety and provide safe working conditions and, where applicable, adequate accommodation to safeguard the health and wellbeing of employees.
Provide training and instruction to ensure employees are educated in health and safety issues.
Establish and apply a reasonable occupational health & safety management system.

Impact on communities

Refrain from unlawful eviction and/or unlawful deprivation of land, forests and waters.

Security Forces

When using private or state security forces, ensure that the human rights of employees and other rights holders are respected (in particular, no use of physical or psychological force, except in case of legitimate self-defense).

Environmental and Climate Protection, Protection of Natural Resources

Act in accordance with the applicable statutory and international standards regarding the environment.
Minimize environmental pollution and make continuous improvements in environmental protection.
Establish a reasonable environmental management system.
Not causing harmful soil change, water pollution, air pollution, harmful noise emission or excessive water consumption, which significantly impairs the basic existential needs or harms the health of a person.
Reduce waste and ensure their proper treatment and disposal.

Fair Operating Practices

Anti-Corruption and Bribery

Tolerate no form of and do not engage directly or indirectly in any form of corruption or bribery and do not grant, offer or promise anything of value to a government official or to a counterparty in the private sector to influence official action or obtain an improper advantage. This includes renouncing giving or accepting improper facilitation payments.

Fair Competition, Anti-Trust Laws and Intellectual Property Rights

Act in accordance with national and international competition laws and do not participate in price fixing, market or customer allocation, market sharing or bid rigging with competitors.
Respect the intellectual property rights of others.

Conflicts of Interest

Avoid and/or disclose internally and to PREIS Group all conflicts of interest that may influence business relationships, and to avoid already the appearance thereof.

Anti-Money Laundering, Terrorism Financing

Not directly or indirectly facilitate money laundering or terrorism financing.

Data Privacy and Cybersecurity

Process personal data confidentially and responsibly, respect everyone’s privacy and ensure that personal data is effectively protected and used only for legitimate purposes.
Commit to having an adequate Cybersecurity management framework established in its organization based on good industry practice, to ensure confidentiality, authenticity, integrity, and availability of data, processes, products, systems and services.

Foreign Trade Regulations

Comply with the applicable export, import, customs and foreign trade regulations.

Responsible Minerals Sourcing

Taking reasonable efforts to avoid in its products the use of raw materials which originate from Conflict-Affected and High-Risk Areas and contribute to human rights abuses, corruption, the financing of armed groups or similar negative effects.

Grievance Mechanism

Provide access to a protected mechanism for their employees to report possible violations of the principles of this Code of Conduct.
Ensure protection of reporters or whistleblowers against any kind of retaliation.

Supply Chain

Taking reasonable measures to make its suppliers comply with the principles of this Code of Conduct and to verify this on a risky basis.