ESG strategy
We align our sustainability strategy to the ESG criteria. ESG stands for Environment, Social and Governance.
In the area of environment, we will focus our commitment on climate and environmental protection and the conservation of resources. In addition, we will make our product portfolio even more sustainable and "greener" in the future. Besides occupational health and safety, the social pillar of ESG covers topics such as diversity, equal rights and lifelong learning, as well as working in a modern working environment. The Governance pillar deals with responsible and sustainable corporate management. In addition to sustainable investments and business models, this includes digital responsibility, data protection, environmentally and socially sustainable supply chains, and the integrity of our daily operations. Background information on our commitment can be found in our 2021 Progress Report.
Our sustainability strategy is based on three pillars
Environment
Climate
Water
Waste & Circular Economy
Green Products and Technologies
Social
Diversity & Equal Chances
Lifelong Learning & Development
Health & Safety
Governance
Compliance & Integrity incl. Human Rights
ESG compatible Financing
Sustainable Investments / Business Models
Digital Responsibility incl. Data Privacy
Sustainability in concrete terms: ESG objectives
In 2021, we developed the first concrete and measurable objectives for the three ESG criteria as part of the new sustainability strategy:
- Environment: we will reduce our Scope 1, 2 and 3 greenhouse gas emissions to Net Zero by 2040 (compared to2020). To put our ambitions on a sound footing, we will submit the new climate goal to the Science Based Target Initiative (SBTi) for official recognition. At the same time, we will reduce water consumption by ten percent by 2030 (compared to 2020)
- Social: We will increase the proportion of women in management positions, in alignment withaligning this with the requirements for listed companies. We are also continuously developing our training offers.
- Governance: We are expanding our compliance management system to meet the requirements of Germany’s Supply Chain Due Diligence Act.
We are continuously developing our sustainability strategy, working out new objectives and adapting existing ones.
Supplement for the ESG criteria: the global sustainability goals (SDGs)
Along with the ESG criteria, the United Nation’s SDGs form a second point of reference with respect to sustainability, our social commitment, and the continued improvement of our governance and corporate management. G+D particularly impacts nine of the seventeen SDGs.