100% of required employees completed their annual Code of Conduct Training in 2024.
Governance
CMC’s comprehensive Code of Conduct and Business Ethics (the Code) is based on the foundation of ethical behavior the company has followed since our founding in 1915. The Code is critical to our success in operating our business with integrity in interactions with all stakeholders including customers, suppliers and fellow employees.
The Code provides guidance regarding compliance with all applicable laws and regulations in the countries where we operate. We are committed to ensuring that all employees, as well as officers and directors, understand their responsibilities under the Code. We require annual training for the Code and in 2024, 100% of required employees completed the training. In addition to the Code, our senior financial officers and the CEO have a Code of Ethics for Senior Financial Officers, which they must acknowledge and certify annually.
Ethics Hotline
The Code provides guidance for employees on how to report concerns about any known or suspected business misconduct or violations of laws or regulations. CMC encourages employees to contact their supervisor, human resources representatives, or other senior executives or directors, or to report concerns through confidential channels such as our toll-free, 24/7 Ethics Hotline or online. The Ethics Hotline and website, which are operated by a third party and available in local languages, enable employees to remain anonymous while being advised that additional information may be required for an investigation to take place.
CMC has a zero tolerance policy to protect whistleblowers against any retaliatory action taken in response to reports made in good faith. All reported concerns are investigated by either human resources or our legal department and anyone found to have violated the Code is subject to disciplinary action which may include termination of employment.
Human Rights
We are committed to protecting fundamental human rights including safeguarding the rights of workers. The Code contains guidance and expectations regarding fair employment practices, including throughout our global supply chain. In addition, CMC’s Workplace and Human Rights Policy is guided by the core principles of the UN Universal Declaration of Human Rights, UN Guiding Principles on Business and Human Rights, OECD Guidelines for Multinational Enterprises, and the International Labor Organization’s Declaration on Fundamental Principles and Rights at Work. Our policy applies to all CMC facilities globally and is reviewed annually by our Nominating and Corporate Governance Committee to ensure the policy remains relevant and is aligned with global standards.
Anti-Corruption, Anti-Bribery and Antitrust
The Code includes guidance on ethical behavior regarding business practices involving competitors, suppliers and customers. CMC strictly prohibits employees, directors and officers, and third parties acting on the company’s behalf from engaging in actions that violate applicable laws and regulations governing anti-bribery, anti-corruption and antitrust. These include the U.S. Foreign Corrupt Practices Act (FCPA), the UK Bribery Act and similar laws and regulations in the countries where we operate.
100% of required employees completed their annual Code of Conduct Training in 2024.
Our guiding principles serve as a compass for our decisions and behaviors. This set of values goes beyond the boundaries of culture and geography to direct how we act and engage with one another and our stakeholders every day.
Living these values means meeting the highest standards of ethical and professional behavior in all aspects of business across the globe. At their core, our guiding principles are based on two simple concepts: integrity and caring for the welfare of others.
CMC provides innovative products and solutions that strengthen and reinforce a wide range of industries. We are committed to delivering industry-leading customer service, providing an environment where our employees can succeed, improving our communities and creating value for our investors. By doing this, we find better ways to make the world we all live in stronger, safer, and more sustainable.
Place the customer at the core of all we do. We believe that if we focus on meeting the needs of our customers, we will succeed. We work hard at understanding our customers’ needs and providing creative solutions that add value to their businesses.
Stay committed to our employees. We care for our employees by providing an environment where safety is our top concern, employees have the opportunity for both personal and professional growth, everyone is treated fairly and opinions are respected. We foster an inclusive culture that challenges conventional thinking, promotes teamwork, requires accountability and rewards success.
Give back to our communities. We take seriously the responsibility that comes with being a good corporate citizen and are dedicated to making a positive impact in our local communities where we live and work.
Create value for our investors. We strive to provide industry leading returns for our shareholders by having a passion for cost efficiency, using our resources effectively and achieving our goal of consistent, profitable growth.
Acting with integrity by honoring our commitments, being accountable for our actions and acting with respect for others.
Dedicating ourselves to making the safety and wellbeing of our employees a top priority.
Promoting collaboration by working together as a team to provide exceptional results.
Encouraging excellence by challenging ourselves to improve everything we do.