As a company and as individuals, we act with integrity and commit to the highest standards of business ethics. We promote equal opportunity, foster diversity and we create a no-harm-to-anyone working environment across our organization. Our values are ingrained in our culture and connect us all as One Bekaert team.
We act with integrity · We earn trust · We are irrepressible!
(GRI 102-16)
At Bekaert, we believe in working together to achieve better performance. As a truly global company, we embrace diversity across all levels in the organization, which is a major source of strength for our company. This applies to diversity in terms of nationality, cultural background, age or gender, but also in terms of capabilities, business experience, insights and views.
Nationality diversity
Bekaert employs people of 50 different nationalities in 44 countries around the world. This diversity is mirrored in all levels of the organization, as well as in the composition of the Board of Directors.
NATIONALITY DIVERSITY As Per 31 December 2019 | ||||
# People | #Nationalities | #Non-Native(1) | % Non-Native | |
BOARD OF DIRECTORS | 13 | 6 | 5 | 38% |
Bekaert Group Executive (BGE) | 9 | 8 | 7 | 78% |
Senior Vice Presidents | 13 | 3 | 2 | 15% |
Next leadership level (2) | 93 | 17 | 41 | 44% |
TOTAL LEADERSHIP TEAM | 115 | 28 | 50 | 43% |
(1) Non-native = nationality other than the one of the mother company’s social seat (i.e. Belgium)
(2) Next leadership level = B13 and above managers excluding BGE and Senior Vice Presidents (Hay classification reference)
Gender diversity
(GRI 405-1)
GENDER DIVERSITY as per 31 December 2019 | |||
# People | Male | Female | |
Operators |
21 285 |
94% |
6% |
White collars |
5 489 |
69% |
31% |
Management |
1 637 |
81% | 19% |
TOTAL BEKAERT EMPLOYEES |
28 411 |
89% | 11% |
The manufacturing character of Bekaert’s operations explains the predominantly male population, particularly among operators.
Bekaert adopts a recruitment and promotion policy that aims to gradually generate more diversity, including gender diversity. Information about gender diversity in the Board of Directors can be found in the Annual Report 2019 (chapter Report of the Board: Corporate Governance).
Gender diversity in the Board of Directors and in the Top Leadership Team of Bekaert:
GENDER DIVERSITY as per 31 December 2019 | |||
# People | Male | Female | |
BOARD OF DIRECTORS |
13 |
62% |
38% |
Bekaert Group Executive (BGE) |
9 | 89% |
11% |
Senior & next leadership level(1) |
106 |
78% | 22% |
TOTAL LEADERSHIP TEAM |
115 |
80% | 20% |
(1) Senior Vice Presidents and B13 and above managers (Hay classification reference) excluding BGE
By 2025, Bekaert aims to reach a gender diversity ratio of 33% at leadership level.
(GRI 405-1)
Age diversity in Bekaert’s highest governance bodies:
AGE DIVERSITY as per 31 December 2019 | |||
# People | 30-50 years old | Over 50 years old | |
BOARD OF DIRECTORS |
13 |
31% |
69% |
Bekaert Group Executive (BGE) |
9 |
44% |
56% |
(GRI 405-1)
Segment |
|||||
EMEA | North America | Latin America | Asia Pacific | TOTAL | |
Blue collars | 6 176 | 1 296 | 4 785 | 9 028 | 21 285 |
Male | 5 402 | 1 235 | 4 667 | 8 724 | 20 028 |
Female | 774 | 61 | 118 | 304 | 1 257 |
White collars | 1 625 | 309 | 1 614 | 1 941 | 5 489 |
Male | 1 077 | 197 | 1 036 | 1 501 | 3 811 |
Female | 548 | 112 | 578 | 440 | 1 678 |
Management | 654 | 139 | 259 | 585 | 1 637 |
Male | 534 | 115 | 220 | 454 | 1 323 |
Female | 120 | 24 | 39 | 131 | 314 |
Total male | 7 013 | 1 547 | 5 923 | 10 679 | 25 162 |
Total female | 1 442 | 197 | 735 | 875 | 3 249 |
GRAND TOTAL | 8 455 | 1 744 | 6 658 | 11 554 | 28 411 |
Most people employed by Bekaert have a permanent contract. Employees with a temporary contract are usually on the payroll of external organizations and agencies (Special Economic Zones, employment agencies) and are hence not included in the Bekaert payroll numbers.
96% of the Bekaert employees work full-time.
(GRI 102-8)
Bekaert is firmly committed to complying with national legislations and collective labor agreements. Bekaert adheres to the Universal Declaration of Human Rights and the treaties and recommendations of the International Labor Organization.
We are committed to respecting the rights and dignity of each employee. We promote equal opportunity and do not discriminate against any employee or applicant for employment on the basis of age, race, nationality, social or ethnic descent, gender, physical disability, sexual preference, religion, political preference, or union membership. We recognize and appreciate the cultural identity of our teams in all the countries in which we operate and do business.
The recruitment, remuneration, application of employment conditions, training, promotion and career development of our employees are based on professional qualifications only.
(GRI 102-12)
Our hiring policy states that every new employee receives a copy of our Code of Conduct, which explains our conduct principles well as the behaviors we expect from all our employees.
Our Code of Conduct covers, among others, key areas regarding human rights, child labor and forced labor and anti-corruption policy & principles. It also contains the procedures to raise an integrity concern. In 2019, we launched an internal campaign worldwide to inform our employees about the Code of Conduct.
Particular training programs on the Code of Conduct and on anti-corruption and anti-bribery policies are also provided to functional groups (eg. the purchasing function). In addition, the Group Internal Audit department regularly audits adherence to the respective policies and procedures, and recommends corrective actions where necessary. All policies are available to personnel on the Bekaert Intranet.
In 2019, we repeated and further extended the annual process of commitment renewal to the Bekaert Code of Conduct. All managers worldwide and all white collar workers with access to the Bekaert online global learning platform are required to annually read the Bekaert Code of Conduct, to pass a test on business ethics cases, and to renew their commitment to the principles of the Code. White collars who do not (yet) have access to this online tool were required to express their commitment by signing a compliance form.
100% of the managers and 100% of the white collars renewed their commitment to the Code of Conduct in 2019.
It is our goal to maintain full annual commitment results from managers and white collars and to train all operators on the principles of the Code of Conduct worldwide by the end of 2020.
(GRI 102-16 + GRI 205-2 + GRI 408-1 + GRI 409-1)
In order to stimulate high performance, commitment, and continuous development of all employees, the group targets are deployed into team and personal targets for everyone.
The performance management process includes two-way personal development reviews, transparency, feedforward and leadership behavior.
Bekaert has developed and deployed a People Performance Management (PPM) program. PPM is our way of looking at people performance and how we can better achieve our goals in the future. As such, PPM is part of a larger effort to become a much more performance-driven organization.
Enablers for the people performance management practice are: a clear alignment of team and individual goals with business priorities; frequent performance steering and coaching; fair recognition in line with the achieved performance; and supporting tools that allow employees to keep track of their performance and ‘feedforward’ actions throughout the year. The program was launched at the start of 2019 and replaces the company’s Personal Development Review of the past.
EMPLOYEE CATEGORY | PERCENTAGE |
Managers | 100% |
White collars | 100% |
Operators | 90% |
(1): excluding BBRG & JVs
(GRI 404-3)We offer competitive salaries and benefits designed to enhance the financial, physical and overall well-being of our employees and their families. Our offerings differ from country to country and are often adapted to local social security policies. We provide a wide range of employee benefits that may include retirement benefits, healthcare plans, service awards, labor accident disability coverage and paid leave. For detailed information on employee benefits we refer to section 6.15 of the annual report.
(GRI 201-3)
Benefits provided to full-time and part-time employees by significant locations of operation (> 1000 employees):
(GRI 401-2 + GRI 403-6)
Benefit | Belgium | Slovakia | China | Chile | US | Indonesia |
---|---|---|---|---|---|---|
Life insurance | Yes |
Yes |
Yes | Yes | Yes |
Yes |
Health care | Yes |
No | Yes |
Yes | Yes |
Yes |
Disability coverage | Yes | Yes | Yes | Yes | Yes |
Yes |
Parental leave | Yes | Yes | Yes | Yes | Yes |
Yes |
Retirement provision | Yes | Yes | Yes | Yes | Yes |
Yes |
Stock ownership | No | No |
No |
No |
No |
No |
These benefits are not provided to temporary workers (‘interim workers’) who are not on the Bekaert payroll.
Bekaert has closed and restructured several sites in 2019. The management only implements such measures when other options to restore the performance in view of securing a sustainable, profitable future, have failed or are non-existent.
In 2019 Bekaert announced and implemented restructuring plans in Belgium, Brazil, Ecuador, UAE, Malaysia and the US.
In implementing such measures, the management aims at mitigating the social impact for the affected employees by considering re-industrialization, re-employment help and a fair severance package.
In Belgium, for instance, more than half of the employees affected by the restructuring which was executed in October 2019, were re-employed by the end of February 2020.
More information on Bekaert’s recent restructuring programs is described in the Annual Report 2019.