419: Socioeconomic Compliance
Disclosure 419-1 Non-compliance with laws and regulations in the social and economic area
Clariant was not aware of any cases in the year under review in which Clariant was accused of not having acted essentially in compliance with laws, regulations, and voluntary codes of practice. Consequently, no significant fines or non-monetary penalties for failure to comply with legal regulations are known either. In 2017, Clariant was subject to an ongoing competition law investigation by the European Commission into the ethylene purchasing market. The company is assisting the relevant authorities and cannot comment further on the details of an ongoing investigation.