VOITHManagement Board Declaration on
Human Trafﬁcking,Forced Labor and Child Labor

Voith rejects any form of human trafﬁcking, forced laboror child labor. This declaration complies with the“UN Universal Declaration of Human Rights 1948,”
the “California Transparency in Supply Chains Act 2010”
and the “UK Modern Slavery Act 2015.”

Structure of the company and its supply chains
Voith is a technology company that operates globally. Witha broad portfolio of systems, products and digital services,
Voith serves ﬁve essential markets: Energy, oil & gas, paper,raw materials as well as transportation & automotive. Theholding company is Voith GmbH & Co. KGaA headquarteredin Heidenheim/Brenz, Germany.
Voith 100% family owned. The advisory committee and thesupervisory board are the shareholders‘ committee and theboard of directors, respectively. The latter is also thecontrolling authority with respect to the Management
Board. The material operating business is combined inthree Group Divisions: Voith Hydro, Voith Paper and Voith
Turbo.
Voith is a global production company with more than 60 locations in 17 countries and procures products and services fromsuppliers worldwide.

Business policy with regard to forced labor andhuman trafﬁcking
The shareholders, supervisory boards and the Management
Board of Voith proscribe any sort of human trafﬁcking, forcedlabor or child labor.
In the Voith Code of Conduct, the basic principles for fairworking conditions are formulated in the following way. “Voith
always offers its employees appropriate wages and fairworking conditions that meet all legal requirements. We also
reject any form of forced labor or child labor just as we reject
interfering with the legal representation of the rights ofemployees.”With regard to selecting suppliers and service providers, thismeans, “When selecting business partners, Voith requires thatthe partner complies with the values cited in this directive.
A violation by a partner can lead to termination of the business
relationship.”Due diligence efforts in the company and supply chains
An integrity check is performed for every supplier with an
expected order volume exceeding € 25,000. In addition, thesuppliers are to provide a self-disclosure including, among
other infor-mation, statements with regard to the complianceofﬁcer and the presence of compliance rules and standards
as well as training courses. If this indicates a risk, Internet
research and, if necessary, an expanded background checkare performed.
In the case of supplier audits that also contain a walkthroughof the plant, attention is paid to indica-tions of forced labor orchild labor, among other factors. If compliance violations arefound during research or audits, the business relationships will
be terminated immediately.

Description of the at-risk company divisions andsteps to evaluate and minimize the risks
Forced labor and child labor are a component of the riskanalysis and risk assessment in every part of the company.
During this process, country-speciﬁc risks are evaluated justas are risks in the individual ﬁelds of endeavor of the business
partner. The compliance ofﬁcer of the unit performs this risk
assessment.
Risks exist particularly when acquiring parts and services fromsuppliers in regions where forced labor and child labor are stillwidely practiced in the opinion of NGOs or other institutions.
In the General Purchasing Conditions, we require the following
from all of our suppliers:“Within the scope of its corporate responsibility, the Supplieracknowledges that in or in connection with the manufactureand sale of its goods or rendering of its services, legal requirements, including laws to protect the environment, must becomplied with, labor-law provisions and laws for maintaining
the health of the employees must be adhered to and childlabor or forced labor will not be tolerated.
The Supplier also conﬁrms on acceptance of the order, that
it will not entertain or tolerate any form of bribery and corruption. The Customer references, in this connection, the “VoithCode of Conduct” that applies throughout the Voith Companyand that can be viewed at http://www.Voith.com. The
Customer expects from the Supplier that the Supplier will
avow compliance with the rules and principles contained
therein and support their observance.”

Effectiveness of the measures
Voith is of the opinion that the measures taken are effective,
sufﬁcient and appropriate against every type of forced labor orchild labor.
Observance of the internal rules and standards and use of therisk analysis and risk assessment are checked on a regularbasis and, in case of doubt, also on an event-driven basis,during the audit activities of the Corporate Audit function.

Employee training sessions
The Voith Code of Conduct is presented to and explained toall Voith employees upon joining the company. In addition,
every employee must successfully complete two online
training courses on the topic of compliance. These courses
describe our basic principles regarding forced labor and childlabor in addition to the basic concepts on anticorruption andantitrust law. These training courses each last about 30
minutes and must be repeated every 3 years.
For our managers and all employees in Sales and Purchasing,
we require participation in a 1-day training course that covers
in detail all compliance-related requirements. These also include the legal principles and actions to prevent forced laborand child labor. These training courses are reinforced every
3 years using online training.

Dr. Toralf Haag
(President & CEO)modern_slavery | en | vvkbs | 2024-01

Voith Group
St. Poeltener Str. 4389522 Heidenheim, Germany
Contact:
Tel. +49 7321 37-6218
compliance@voith.com
www.voith.com

VOITH
Inspiring Technologyfor Generations