Sustainability

Business Ethics

Policy on Bribery and Corruption

Employees are strictly forbidden to ask for, accept or offer inappropriate inducements when dealing with public servants or others with whom there is an established or prospective business relationship. Inappropriate means, in this context, that a third party may conclude that a trade has been unfairly influenced, that the standards of hospitality were exceeded or that an existing law has been violated.

Partners of PSI are required to comply with the company’s standards of quality and performance; to comply with all applicable local laws and fair working practices for employees; to protect natural resources; to conduct fair trade; and to protect intellectual property rights.

Code of Conduct

Whistleblower Programmes

PSI has no whistleblower programme

UN Global Compact

PSI is preparing to participate in the UN Global Compact initiative.

Corporate Governance

Corporate Social Responsibility

PSI software solutions help customers in the energy industry and in the production sector to use energy, raw materials and human resources in a responsible and sustainable way.

Examples are  the optimisation of energy consumption in the steel and aluminium industry as well as additional network control system functions for the better integration of renewable energies into the energy mix.

For a specialist software provider like PSI, having highly qualified and motivated staff members provides crucial competitive advantage. For this reason, the PSI Group has for many years employed a high percentage of university graduates with specialist industry knowledge. The number of employees with university degrees exceeds 80 %, most of whom have engineering backgrounds. With 5 %, the employee turnover rate is low.

A special feature of PSI is that employees and management hold around 25 % of PSI shares. For many years now the employee share scheme has promoted the entrepreneurial thought and action of the workforce. In 2016, the program was re-launched and complemented by incentives for a long-term investment by employees.

For more information see the Annual Report 2015 (Pages 40-42)

Directors remuneration

The remuneration is disclosed in the Corporate Governance Declaration and in the Annual Report.

Corporate Governance Declaration

Directors Biographies

Directors Biographies are disclosed as part of Corporate Governance information on the PSI internet page under Board of Directors and Supervisory Board.

Board of Directors
Supervisory Board

Board Diversity Targets

The targets for board diversity and the degree of achievement are disclosed in the Corporate Governance Declaration and in the Annual Report.

Corporate Governance Declaration

Board Independence

Persons to be suggested for appointment must not have potential conflicts of interest. In particular, members of the Supervisory Board must not hold positions on the Boards or carry out consultancy work for the main competitors of PSI AG or a Group company.

Corporate Governance Declaration

Audit Committee

Detailed information about committees, their duties, their composition and the remuneration for the committee activity are disclosed in the Corporate Governance Declaration and in the Annual Report.

Corporate Governance Declaration

Personnel Committee

Detailed information about committees, their duties, their composition and the remuneration for the committee activity are disclosed in the Corporate Governance Declaration and in the Annual Report.

Corporate Governance Declaration

Public Policy

Policy on Political Involvement and Contribution

PSI is not involved in politics and does not contribute to any political group.

Employees

Freedom of Association

PSI respects the freedom of association guaranteed by German law (Works Constitution Act - BetrVG). The Works Constitution Act regulates cooperation between the employer and the workforce of a company, the latter being represented by its elected works council.

Elimination of Discrimination

PSI follows the anti-discrimination standards set by German law (General Law on equal treatment - AGG). The purpose of this Act is to prevent or to stop discrimination on the grounds of race or ethnic origin, gender, religion or belief, disability, age or sexual orientation.

Workforce Diversity

PSI follows the standards for the employment of severely handicapped people with a special focus on severely handicapped women set by German law (Volume nine of the German Social Code - SGB IX). The ninth Book of the Social Code contains the rules for the rehabilitation and participation of disabled people in Germany.

Employee Turnover Rate

The employee turnover rate at PSI is 5 %. In a broad survey of work conditions conducted by the magazine FOCUS in 2,000 German companies, PSI took 16th place in the industry ranking for telecommunications and IT and was recognised as a top employer.

Employee Training

Human resources development and employee qualification are key to the functionality and innovative character of PSI’s products. The major focus is on the specialist training of new employees at international locations and locations in Germany, as well as qualification of employees for international work.

In 2015, employees received an average of 5 training days.

In order to make early contact with graduates of appropriate degree programs, PSI is involved in promoting education and research in engineering and natural sciences on many levels. PSI also maintains working ties with universities near the Group’s most important locations, for example by offering work placements and cooperating on dual major programmes.

Since the fall of 2010, PSI has been an industry partner for the logistics research cluster and a project partner for the environmentally friendly and sustainable energy technology cluster at the new RWTH Aachen campus.

Work Safety and Health Protection

Health protection and work safety have a high priority within PSI. Our goal is a sustainable reduction of occupational health risks to employees, customers, suppliers and visitors.

As part of our corporate culture and fiduciary duty hazard analyzes are performed and taken the necessary measures for safety at work, working conditions, first-aider care, fire assistants, security officers, medical prevention (mandatory and offer examinations). The success is checked annually by audit.

Responsible actions of management, employees, company doctor and health and safety representative are promoted. Improvements are maintained in the occupational safety and health management  system.

In 2015 the occupational safety and health management  system was checked and its accordance with the requirements of OHSAS 18001:2007 successfully audited by an external company in 2015.

Contractors and Supply Chain

Social Supply Chain Standards

PSI purchases products particularly from large international IT groups like Hewlett Packard, IBM, Microsoft, Oracle or SAP with comprehensive social standards. Additionally, PSI works with freelancers which have to comply with the same standards which apply for PSI employees.

Suppliers and Partners of PSI are required to comply with the company’s standards of quality and performance; to comply with all applicable local laws and fair working practices for employees; to protect natural resources; to conduct fair trade; and to protect intellectual property rights.

Code of Conduct

Membership in Industry Associations

PSI is a member of the industrial associations ZVEI, VDMA, BDEW and BITKOM and complies with their standards.

Supply Chain Monitoring

PSI Group has been certified in accordance with ISO 9001 since 1994. Part of the quality management is a defined process for selection and evaluation of suppliers.

Customers

Data Privacy

Confidential data which is entrusted to PSI will be treated as confidential and protected against disclosure to third parties. PSI will defend its own Intellectual Property Rights whilst also respecting the IPRs of other parties. All PSI employees are bound to treat trade secrets and data as confidential.

PSI Group has been awarded DIN ISO/IEC 27001 certification in accordance with information security management system requirements since 2016.

Code of Conduct

Society and Community

Activities in Sensitive Countries

Currently PSI has no activities in sensitive countries.

Programmes to Address Digital Divide

PSI has given used IT equipment to educational institutions.

Philanthropy

PSI has been involved in social welfare projects for years. The Company and its employees support at several locations charitable works and organisations. Every year at Christmas PSI Energy Markets makes a donation to the Löwenherz Children’s Hospice. In Berlin, the employees of PSIPENTA GmbH made a collection at their Christmas party for the Sonnenhof Children’s Hospice of the Björn Schulz foundation. At the Aschaffenburg facility, at Christmas PSI made a donation to the aid associations Grenzenlos e.V. and Deutscher Kinderhospizverein e.V.

In Malaysia, our Asian subsidiary PSI Incontrol distributed 250 schoolbags to children of families affected by severe flooding. In Thailand, PSI Incontrol and its employees together contributed funds to support a flood victim. Read more on PSI Incontrol´s website

PSI has supported the Berliner Aids-Hilfe e.V. for several years. Additionally, PSI supports sports activities of groups of employees by financing their participation in competitions and equipment.

Environment and Products

Environmental Policy

PSI uses green IT hardware, has applied a travel policy and uses combined heat and power generation at its own Aschaffenburg facilities.

In 2016 PSI has conducted an energy audit in accordance with EN 16247-1 to evaluate energy flows and potential improvements in energy efficiency.

PSI software solutions help customers in the energy industry and in the production sector to use energy, raw materials and human resources in a responsible and sustainable way.

Examples are the optimisation of energy consumption in the steel and aluminium industry as well as additional network control system functions for the better integration of renewable energies into the energy mix.

For more information see the Annual Report 2015 (Pages 40-42)

Environmental Management System

As PSI as a service provider does not produce physical goods, PSI's business processes only have a marginal effect on environment and resources. Nevertheless, all employees are called upon to use natural resources carefully and to comply with the requirements of DIN EN ISO 14001. The use of natural resources at PSI is essentially limited to:

  • Use of consumables in the office (paper, ink, etc.)
  • Use of energy (electricity, heating) and water in the office buildings
  • Use of transport during travel (see travel expenses directive)

The implementation of environmental man-agement is currently being demonstrated by external energy audits and the participation in the Carbon Disclosure Project. A certification according to DIN EN ISO 14001 is in preparation.

Carbon Disclosure Project

PSI is participating in the Carbon Disclosure Project since 2011 and has continously improved the score since then.

Products and Services

For 44 years, PSI has been helping customers in the energy industry and in energy-intensive industries by providing software solutions to increase efficiency and use energy, raw materials and labour responsibly. As a result, PSI production management systems for the steel and aluminium industry have functions which help to avoid consumption peaks by predicting energy consumption for all production stages. This means that energy use can be optimised. They also support the reuse of energy amounts released during production using special functions and optimisation methods.

PSI is continuously extending its network management systems for large electrical transmission grids by adding functions which aid in the transmission of increasing amounts of renewable energy. This includes functions such as safety calculations, thermal overhead circuit monitoring, bottleneck, generation and infeed management. PSI is continuously working with energy utilities and researchers to develop intelligent energy supply infrastructures for the future. This includes new products for virtual power plants and smart micro grids.

PSI gas management systems enable optimum control of the compressor stations needed for network operations, and minimise losses due to technical causes. Leak detection and localisation systems contribute to reducing losses during gas and oil transport over large distances and to preventing environmental damages. By storing surplus energy using electrolysis and methanation gas contributes positively to the energy transition.

In Logistics and Traffic in the past years, PSI has developed new solutions for the dynamic control and operation of optimised logistics networks which help to save up to 10% transport costs and emissions. Other functions include energy-optimised rail traffic and a depot management system with optimal routing and optimised refuelling. This allows us to effectively support customers in reducing greenhouse gases and saving energy.

PSI is not involved in adult entertainment products, alcohol products, controversial weapons, firearms, fur and special leather production, gambling products or services, genetically modified organisms, military contracting, nuclear power generation, nuclear power related services, pesticides and tobacco products.

Seal of Quality for Sustainability

PSI was awarded the DZ Bank seal of approval for sustainability since 2014.