MAN joins UN Global Compact

The MAN Group has joined the United Nations’ Global Compact initiative, which sets international standards for businesses and organizations through ten principles in the areas of human rights, labor, environmental protection and anti -corruption. As part of a Global Compact network counting 7,700 member companies worldwide, MAN will be able to use the exchange of experiences on a global scale and encourage corporate responsibility (CR) dialog.

“Complying with the highest ethical standards is a matter of course for MAN. The Global Compact Principles add to our Guiding Principles and our Code of Conduct,” said Jörg Schwitalla, CHRO of MAN SE. “Becoming a signatory allows us to show on the international stage that ethical principles are firmly anchored in our Company’s strategy, culture and day-to-day business.”

“Signing the Global Compact is yet another milestone in implementation of the CR strategy that we defined last year,” added Yvonne Benkert, Senior Manager for Corporate Responsibility. “Entering it makes standards verifiable and comparable. We will be reporting on the progress made in terms of the Compact’s ten basic principles from now on in our corporate responsibility report, a new version of which is to be published in time for the 2011 Annual General Meeting.”

The CR report is based on the guidelines of the Global Reporting Initiative and some sections of the report will be subject to assurance for the first time by auditing firm PricewaterhouseCoopers. The audit certificate is to be awarded for selected indicators relating to the financials, the environment, employees and compliance. The first step will see four MAN Group sites in Germany audited as well as four international ones.