Sustainable Investments

The Sustainability group function overseen by the board member for Human Relations and Sustainability is responsible for sustainability management. It coordinates the implementation of the sustainability strategy, its further development and an interdepartmental sustainability committee. In addition to two members of the Executive Board, the relevant business units and group functions are represented in this steering committee. Coordinators and interdepartmental sustainability councils in the business areas complement the sustainability organization. 

The Environment department reports directly to of the CEO (chairman of the Executive Board).

The Sustainability Committee meets two times a year and for relevant occasions. 

Questions of sustainability are also the subject of regular reports from the Executive Board to the Supervisory Board concerning ongoing business development, and at the strategy meeting, which takes place once a year. The Audit Committee of the Supervisory Board is closely linked to Compliance and Risk Management.

In our four focus areas of sustainability, we are committed to our strong, visionary ambitions, which we want to achieve by 2050 at the latest, together with our partners along the value chain.

Carbon Neutrality 

We strive for 100% carbon neutrality along our entire value chain (products, operations, supply).

Emission-free Mobility and Industries¹ 

We strive for 100% emission-free mobility and industries.

Circular Economy

We strive for 100% closed resource and product cycles.

Responsible Value Chain 

We strive for 100% responsible sourcing and business partnerships.

_{1 ”Emission-free“ refers to zero emissions like greenhouse gases or NOx but does not include harmless emissions like water vapor emissions, non-toxic biodegradable particulate emissions or a minimum of noise emissions.}

Our eight sustainability essentials represent the backbone of our sustainability management.

We are fully committed to the Paris climate agreement – 100% climate neutrality by 2050. The following steps are planned:

• The use of electricity from renewable sources in all production sites by the end of 2020
• CO₂-neutral production by the end of 2040
• A CO₂-neutral value chain by the end of 2050

Read more about our environmental strategy.