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Company Response

Response by Thyssenkrupp

Thyssenkrupp is clearly committed to sustainability and responsible business conduct. Climate protection, the protection of the environment and the respect for human rights are integral part of our corporate values as expressed in our Code of Conduct and our commitment to the United Nations Global Compact. 

For all our business activities globally, the principles of our Code of Conduct, which is based on the United Nations Universal Declaration of Human Rights and the core labor standards of the ILO. They are a clear guideline for the actions of all our employees - from the Executive Board and managers to each individual employee – and are specified further in different internal regulations and procedures. 

As we are committed to these values in all our operations, we expect our business partners to share this commitment with us. We have defined our expectations of sustainability and compliance in our Supplier Code of Conduct (SCoC) and we strive to work only with suppliers whose business activities fully comply with the principles of our Supplier Code of Conduct. In addition, we systematically analyze potential sustainability risks and assess the processes of the identified suppliers via on-site audits. More on our processes can be found on our website: https://www.thyssenkrupp.com/en/company/procurement/responsible-procurement/ 

thyssenkrupp strongly supports the Paris Agreement, as expressed by our recently published climate targets: we want to reduce our own production-related emissions (scope 1&2) by 30% by 2030, our scope 3 emission by 16% by 2030 and strive to become climate neutral by 2050. To achieve net-zero emission globally the conservation of the rain forests as large sinks for carbon emission is of significant importance. 

We are monitoring the respective political developments in the countries in which we operate – of course including Brazil. We evaluate any concrete business activities against the standards described in this letter and take appropriate measures to avoid causing or contributing to any breaches against them. This applies to all our activities worldwide – today and in the future. 

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