SEPTEMBER 2022CONSTRUCTIONBUSINESSREVIEW.COM9Globalization of business is a chance and benefit of the times we live inallocating additional efforts: Export Controls, Intermediaries Management and ESG.1. Export Controls ­ Globalization of business is a chance and benefit of times we live in. DYWIDAG is proud to be a global company, offering its products, services, and solutions almost everywhere in the world. This needs to be done smartly and with respect to existing regulations. Export controls require sanctions analysis and monitoring to ensure we are dealing only with legitimate partners. To better respond on risks associated with export controls in all exporting DYWIDAG entities, we have nominated Export Controls Specialists who follow clear policy and process and are supported by export controls screening tools. More difficult cases require internal Legal analysis, and in some cases we obtain advice from external export controls specialised lawyers. 2. Intermediaries Management ­ Although our internal Sales forces are active on many global markets, in some territories we rely on intermediaries ­ including agents, distributors or licensees. These partners allow us the flexibility to approach various markets with an individualised approach. This flexibility is not without respect to our DYWIDAG Spirit, to our values. Our intermediaries and partners must follow the same rules as we all do. We invested a lot of time and effort into developing this area to make sure that our intermediaries follow the same zero tolerance to non-compliance rule.3. ESG ­ DYWIDAG's path to excellence started in 2020 with deep-dive brainstorming sessions, which intended to define the fit-to-DYWIDAG ESG Framework and KPIs. We introduced the ESG Framework in late 2020:That was only the beginning. Chief Compliance Officer was nominated as ESG Leader and the ESG Framework was officially communicated to all employees and promoted in all DYWIDAG locations. Then we asked ourselves: how do we score ourselves? We needed quantitative measures to assess our status and trends. Therefore, we have introduced 15 ESG KPIs and since then we are measuring these and reporting to the Board of Directors. Quickly we realized deficiencies in areas we believed to be strong. Thus, our Chief Compliance Officer organized workshops, sponsored also by the Senior Leadership Team, during which action plans to improve each ESG KPI/Focus area were developed, together with nominating action plans and owners. This process is an ongoing PDCA cycle, which defines DYWIDAG responsibility for Environment, Social and Governance.2022 means further growth, both for DYWIDAG, but also for our Compliance team. Going forward, we want to continue our focus on further development in Export Controls, Intermediaries Management and ESG as previously outlined. In 2021, in DYWIDAG we put special attention to Anti-Harassment topics and issues through special sessions and online courses addressing this important matter. In 2022, our focus will be put on Diversity and Inclusion.
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