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  • Relevant corporate governance practices of
    HORNBACH Holding AG & Co. KGaA

    We base our entrepreneurial activities on the legal frameworks valid in the various countries in which we operate. This places a wide variety of obligations on the overall HORNBACH Group and its employees in Germany and abroad. As well as managing the company responsibly in accordance with the relevant laws, ordinances and other guidelines we have also compiled internal group guidelines setting out the system of values and management principles we adhere to within the Group.

    Our system of values: the HORNBACH Foundation

    HORNBACH is a forward-looking, family-managed company and is characterized by a clear system of values. The values on which this system is based are honesty, credibility, reliability, clarity and trust in people. This system of values, which had already been lived over many decades, was summarized in the so-called “HORNBACH foundation ” in 2004. This model forms the cornerstone for our corporate strategy, everyday behavior and responsibility towards society. It lays down the basic values governing how we behave towards our customers, as well how our employees behave towards each other. Moreover, this foundation helps our shareholders, customers and the general public, as well as our employees, to understand what the basis of our business success is.

    Compliance

    In a competitive climate, only those companies which manage to convince their customers with their innovation, quality, reliability, dependability and fairness on an ongoing basis will succeed in the long term. Here, we see compliance with legal requirements, internal company guidelines and ethical principles (compliance) as absolutely crucial. HORNBACH’s corporate culture is aligned towards these principles and is based on key precepts formulated in the “HORNBACH Foundation”. The guiding principles stated in the “HORNBACH Foundation” are further specified in the “HORNBACH Values ”. These set out standards of conduct for managers and employees in respect of the stakeholder groups of “State and Society”, “Managers and Employees”, “Customers, Suppliers, and Competitors”, and “Providers of Equity and Debt Capital”. Among other aspects, these set out how we meet our responsibility towards society, how we show respect in our dealings with each other, our commitment to fair competition, acting with integrity, and financial reporting.

    At HORNBACH, adherence with compliance requirements is consistently expected of its employees and business partners and is also monitored. Compliance is the overall responsibility of the Board of Management. One core component of the compliance system in place at HORNBACH is the Compliance Committee, which acts as the topmost advisory body within the compliance organization. In October 2009, the Board of Management entrusted the coordination of compliance activities across the Group to a Chief Compliance Officer, who reports to the Board of Management and is responsible for permanently optimizing the Group’s compliance organization and structures. The Chief Compliance Officer is supported in this on a decentralized basis by compliance officers active in all of HORNBACH’s regions and departments.

    Compliance with social, safety and environmental standards

    The development of company guidelines governing minimum social standards, environmental protection, product safety and equality of opportunities forms an integral component of our corporate policy, as does monitoring compliance with such. Within our Corporate Social Responsibility (CSR) framework, we have issued group-wide guidelines to ensure that HORNBACH meets its responsibilities towards men, society, animals and the environment. The CSR guidelines ( PDF (62.71 kB) ) cover four areas of responsibility:

    Minimum social standards:

    In our procurement activities we ensure that acceptable minimum social standards are complied with in the manufacture of our products. We base our standards here on the conventions of the International Labor Organization (ILO). With the assistance of standardized factory audits and targeted checks on location, we are actively working to ensure compliance with these standards. These efforts are continuing to focus above all on direct imports from non-EU countries. We are endeavoring to make sure that a continuously higher share of our suppliers and upstream suppliers commit to these regulations.

    Protecting the rainforests:

    In procuring timber and related products we ensure that timber is cultivated and felled in accordance with generally accepted rules, especially those governing rainforest protection. For all timber products sold by HORNBACH, we make sure that the timber does not stem from forest depletion, but rather from sustainable forestry and that social welfare and occupational safety standards are adhered to in the timber production process. To this end, we work together with environmental protection organizations, such as Greenpeace, WWF, Robin Wood etc. HORNBACH stocks a large number of articles bearing the Forest Stewardship Council (FSC) seal for sustainable forestry. We only offer tropical woods that are certified by the FSC.

    Product safety:

    We guarantee to our customers that all of our products meet the utmost safety standards. The company ensures this within the framework of an ongoing multistage process to assure the quality and audit the safety of its products. These checks are performed by employees in HORNBACH’s quality management department with support from internationally certified inspection institutes. Alongside extensive product tests (initial sample inspections), the company focuses on auditing suppliers in the country of manufacture. The quality controllers also audit environmental and social welfare standards at the factories. This way, we ensure that no forced labor or child labor is involved in the production of our merchandise. Not only that, we also perform random checks to audit compliance with strict quality standards along the entire procurement chain – from production via transport to sale at our stores.

    Equality of opportunity (diversity):

    We ensure that our employees enjoy equal opportunities. We consistently oppose any kind of discrimination. HORNBACH is committed to promoting a liberal and open society based on shared values both within and outside the company. It is in this spirit that we also signed the corporate “Diversity Charter” initiated by the Federal Government in 2008 and have worked with print campaigns dedicated to “Tolerance within Society” aimed at raising people’s awareness of this topic.

  • Relevant corporate governance practices of
    HORNBACH Baumarkt AG

    We base our entrepreneurial activities on the legal frameworks valid in the various countries in which we operate. This places a wide variety of obligations on the overall HORNBACH Group and its employees in Germany and abroad. As well as managing the company responsibly in accordance with the relevant laws, ordinances and other guidelines we have also compiled internal group guidelines setting out the system of values and management principles we adhere to within the Group.

    Our system of values: the HORNBACH Foundation

    HORNBACH is a forward-looking, family-managed company and is characterized by a clear system of values. The values on which this system is based are honesty, credibility, reliability, clarity and trust in people. This system of values, which had already been lived over many decades, was summarized in the so-called “HORNBACH foundation ” in 2004. This model forms the cornerstone for our corporate strategy, everyday behavior and responsibility towards society. It lays down the basic values governing how we behave towards our customers, as well how our employees behave towards each other. Moreover, this foundation helps our shareholders, customers and the general public, as well as our employees, to understand what the basis of our business success is.

    Compliance

    In a competitive climate, only those companies which manage to convince their customers with their innovation, quality, reliability, dependability and fairness on an ongoing basis will succeed in the long term. Here, we see compliance with legal requirements, internal company guidelines and ethical principles (compliance) as absolutely crucial. HORNBACH’s corporate culture is aligned towards these principles and is based on key precepts formulated in the “HORNBACH Foundation”. The guiding principles stated in the “HORNBACH Foundation” are further specified in the “HORNBACH Values ”. These set out standards of conduct for managers and employees in respect of the stakeholder groups of “State and Society”, “Managers and Employees”, “Customers, Suppliers, and Competitors”, and “Providers of Equity and Debt Capital”. Among other aspects, these set out how we meet our responsibility towards society, how we show respect in our dealings with each other, our commitment to fair competition, acting with integrity, and financial reporting.

    At HORNBACH, adherence with compliance requirements is consistently expected of its employees and business partners and is also monitored. Compliance is the overall responsibility of the Board of Management. One core component of the compliance system in place at HORNBACH is the Compliance Committee, which acts as the topmost advisory body within the compliance organization. In October 2009, the Board of Management entrusted the coordination of compliance activities across the Group to a Chief Compliance Officer, who reports to the Board of Management and is responsible for permanently optimizing the Group’s compliance organization and structures. The Chief Compliance Officer is supported in this on a decentralized basis by compliance officers active in all of HORNBACH’s regions and departments.

    Compliance with social, safety and environmental standards

    The development of company guidelines governing minimum social standards, environmental protection, product safety and equality of opportunities forms an integral component of our corporate policy, as does monitoring compliance with such. Within our Corporate Social Responsibility (CSR) framework, we have issued group-wide guidelines to ensure that HORNBACH meets its responsibilities towards men, society, animals and the environment. The CSR guidelines ( PDF (62.71 kB) )cover four areas of responsibility:

    Minimum social standards: In our procurement activities we ensure that acceptable minimum social standards are complied with in the manufacture of our products. We base our standards here on the conventions of the International Labor Organization (ILO). With the assistance of standardized factory audits and targeted checks on location, we are actively working to ensure compliance with these standards. These efforts are continuing to focus above all on direct imports from non-EU countries. We are endeavoring to make sure that a continuously higher share of our suppliers and upstream suppliers commit to these regulations.

    Protecting the rainforests: In procuring timber and related products we ensure that timber is cultivated and felled in accordance with generally accepted rules, especially those governing rainforest protection. For all timber products sold by HORNBACH, we make sure that the timber does not stem from forest depletion, but rather from sustainable forestry and that social welfare and occupational safety standards are adhered to in the timber production process. To this end, we work together with environmental protection organizations, such as Greenpeace, WWF, Robin Wood etc. HORNBACH stocks a large number of articles bearing the Forest Stewardship Council (FSC) seal for sustainable forestry. We only offer tropical woods that are certified by the FSC.

    Product safety: We guarantee to our customers that all of our products meet the utmost safety standards. The company ensures this within the framework of an ongoing multistage process to assure the quality and audit the safety of its products. These checks are performed by employees in HORNBACH’s quality management department with support from internationally certified inspection institutes. Alongside extensive product tests (initial sample inspections), the company focuses on auditing suppliers in the country of manufacture. The quality controllers also audit environmental and social welfare standards at the factories. This way, we ensure that no forced labor or child labor is involved in the production of our merchandise. Not only that, we also perform random checks to audit compliance with strict quality standards along the entire procurement chain – from production via transport to sale at our stores.

    Equality of opportunity (diversity): We ensure that our employees enjoy equal opportunities. We consistently oppose any kind of discrimination. HORNBACH is committed to promoting a liberal and open society based on shared values both within and outside the company. It is in this spirit that we also signed the corporate “Diversity Charter” initiated by the Federal Government in 2008 and have worked with print campaigns dedicated to “Tolerance within Society” aimed at raising people’s awareness of this topic.

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  • Ad-hoc announcement: First quarter significantly ahead of previous year – full-year forecast for 2017/2018 nevertheless unchanged (2)

  • Ad-hoc announcement: First quarter significantly ahead of previous year – full-year forecast for 2017/2018 nevertheless unchanged (1)

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HORNBACH Holding
Financial Update: 1st Quarter of 2017/2018 as of May 31, 2017
HORNBACH Baumarkt
Financial Update: 1st Quarter of 2017/2018 as of May 31, 2017

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