14. Employment Rights

The company reports on how it complies with nationally and internationally recognised standards relating to employee rights as well as on how it fosters staff involvement in the company and in sustainability management, what goals it has set itself in this regard, what results it has achieved thus far and where it sees risks.

Of course, cosnova complies with the legislation on employee rights, such as the German constitution (Grundgesetz) and labor law. We expect our national and international business partners and their subcontractors to comply with all applicable laws and official regulations. This includes health and safety regulations, labor law, anti-discrimination, environmental protection, trade, tax and anti-corruption laws. We have documented these expectations in the form of a Code of Conduct which is based on the International Core Labor Standards of the ILO. This applies to cosnova itself as well as to our national and international business activities. Despite the introduction of our Code of Conduct, we see potential risks with regard to employee rights violations particularly along our international value chain. For this reason, cosnova is currently developing a supplier monitoring program which, in addition to the existing EcoVadis assessment, envisages an on-site inspection of our suppliers.  At cosnova, we maintain an open communication culture. The culture of our family-run company, short decision-making paths and a flat hierarchy provide the basis for personal collaboration and the space to contribute your own ideas. In regular board meetings, the Executive Management informs about the latest developments in the company and offers the opportunity to ask questions and make suggestions. Of course, this also includes sustainability topics. In addition, annual action days are organized, such as the "Neo-Ecology" day, which provide a framework for gathering practical experience on sustainability and expanding the knowledge base.