In 2017, we revised our Social Charter and renamed it Code of Human Rights & Social Principles, which was adopted by the Board of Management in November 2017. This update underscores our commitment to protecting human rights and to the goals of the German National Action Plan on Business and Human Rights adopted by the Federal Government in 2016. There were only some minor content changes. Among other things, a statement was incorporated summoning all employees to respect and promote human rights and social principles. We also changed some of the wording. The human rights principles are now mentioned more explicitly, and our existing processes and strategies explained in more detail. The reason for the revision was primarily the increased expectations of governments, NGOs and other stakeholders. In 2018, we announced the Code of Human Rights & Social Principles in all companies Group-wide and carried out a communication cascade.
Additionally, the Code of Human Rights & Social Principles is our commitment to complying with the guidelines and the Declaration of Principles concerning Multinational Enterprises and Social Policy issued by the International Labour Organization (ILO), the Organisation for Economic Co-operation and Development (OECD ), the Universal Declaration of Human Rights as well as with the UN Guidelines for Business and Human Rights and the UN Global Compact.