Clariant carries out corporate citizenship activities ("CCA") with a regional and global approach. This allows to consider the specific needs of the community and region Clariant is operating in and how can best deploy activities also considering specific business needs. All regional CCA are executed according to objectives and strategies at the regional level which are well established and developed. In 2014, Clariant started to implement an adaption of the regional CCA approach into a group-wide CCA governance and strategy framework. The implementation objective follows the principle of a central CCA governance and strategy, with decentralized/regional execution of CCA. It considers global, regional and local outreaches.

Clariant does not focus company commitment on individual showcase projects, but is actively committed to the common good in each and every location in which the Group operates, acting with corporate responsibility in all its activities. Clariant supported numerous charity projects in 2015, especially in the vicinity of the various production sites.

Clariant established a globally binding policy for Corporate Citizenship Activities (CAA) in 2014 to unify control of non-profit activities in order to centrally record all public interest expenditures. Clariant annually spends a single-digit-million amount for this type of expenditure, in which approximately half is used for sponsorships, and about a quarter each is used for charitable donations and for local infrastructure. The CCA policy promotes Group-wide transparency with regard to donations (contributions, sponsorship, or other expenditures) to charitable causes. Simultaneously, risks are systematically reviewed by an appropriate process step in the CCA approach.

Besides the commitments in the area of promotion of scientific domains, voluntary services form an important contribution of Clariant’s strive for social cooperation. These activities are expanded with donations to charities with sustainable orientation, for example, in the areas of training, culture, or environment.

Compliance

Compliance is a key element of Corporate Governance. It refers to compliance with the law and directives as well as with voluntary codes within the company. VIEW ENTIRE GLOSSARY