Mission Statement of the Honorable Merchant

We voluntarily commit ourselves to the model of the Honorable Merchant, who observes the generally accepted ethical principles and the concept of good faith in business transactions and refrains from actions that are incompatible with the claim to commercial trust. In doing so, we commit ourselves to the recognition of the standards of the UN Global Compact.

The project was initiated by the IHK Nuremberg for Middle Franconia. In nine guiding principles, it offers a frame of reference for respectable behaviour:

  • The Honorable Merchant as a Person:
    Commitment to value compliance
    The honorable merchant has a tolerant and liberal attitude.
    The honorable merchant keeps his/her ward with the handshake as a binding act.
    The honorable merchant develops commercial judgment capabilities.
  • The Honorable Merchant in His/Her Company:
    Creating the conditions for honorable behavior
    The honorable merchant acts as a role model through all actions.
    The honorable merchant promotes honorable behavior in his business.
    The honorable merchant aims at long-term and sustainable business objectives.
  • The Honorable Merchant in Society and the Economy:
    Comprehending and creating the framework for honorable behavior
    The honorable merchant heeds the principle of equity and good faith.
    The honorable merchant recognizes and takes responsibility for the economic and social order.
    The honorable merchant always advocates his values both in domestic and foreign trade.



Further information can be found on the website of the IHK Nuremberg for Middle Franconia.