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Annual Report 2012 - Knorr-Bremse AG.

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134<br />

<strong>Report</strong><br />

Corporate Responsibility<br />

“Responsibility is an<br />

integral part of our<br />

corporate strategy”.<br />

Corporate Responsibility at <strong>Knorr</strong>-<strong>Bremse</strong><br />

Sustainability and corporate responsibility (CR) are part and parcel of <strong>Knorr</strong>-<strong>Bremse</strong>’s corporate strategy.<br />

<strong>Knorr</strong>-<strong>Bremse</strong> is convinced that by systematically taking into account economic, environmental<br />

and social factors, it can both ensure the long-term success of the business and at the same time<br />

generate benefits for society. With the future in mind the company actively pursues a sustainability<br />

program focused on environmental compatibility and social commitment as well as innovation and<br />

value creation.<br />

CR strategy articulates understanding of corporate responsibility at <strong>Knorr</strong>-<strong>Bremse</strong><br />

Ever since the company adopted its CR strategy in 2010, <strong>Knorr</strong>-<strong>Bremse</strong> has been systematically implementing<br />

its commitment to responsible corporate conduct. The strategy articulates the company’s<br />

understanding of its responsibilities towards employees, society and the environment and the particular<br />

focus this takes. Every year <strong>Knorr</strong>-<strong>Bremse</strong> sets itself measures and goals for implementing the task<br />

of sustainability management in each of the defined CR fields of action – “Strategy and Management”,<br />

“Products and Partners“, “Employees and Management“, “Environment and Climate“, “Social Commitment“<br />

and “Communication and Cooperation“.<br />

<strong>Knorr</strong>-<strong>Bremse</strong> prioritizes particularly important CR issues on the basis of a materiality analysis, comparing<br />

the environmental and social challenges of its activities with the demands of the various players<br />

involved and assessing their relevance. This also ensures that responsible conduct at <strong>Knorr</strong>-<strong>Bremse</strong> is<br />

constantly evolving.<br />

In <strong>2012</strong> <strong>Knorr</strong>-<strong>Bremse</strong> adopted a comprehensive CR policy in which the company articulated its understanding<br />

of responsible conduct in the context of sustainability and laid down a clear framework for<br />

action in each field. The policy is supplemented through internal company guidelines and standards<br />

such as corporate health and safety and environmental policy or the quality management guidelines<br />

on procurement.<br />

<strong>Knorr</strong>-<strong>Bremse</strong> introduces Group-wide binding Code of Conduct<br />

During the year under review <strong>Knorr</strong>-<strong>Bremse</strong> introduced a Group-wide Code of Conduct that contains<br />

general principles and rules aimed at ensuring that our business processes are exemplary in<br />

terms of compliance with the law. In it the company explicitly undertakes to respect the law and<br />

internal guidelines and to promote diversity and equality of opportunity, fair working conditions,<br />

positive partnership with customers and suppliers, protection of the environment and climate and<br />

social responsibility. The Code of Conduct is binding for all employees and promotes a consistent<br />

Group-wide understanding of how <strong>Knorr</strong>-<strong>Bremse</strong> manages its relations with customers, suppliers<br />

and business partners – as well as ordinary people and the environment. The Code of Conduct has<br />

been communicated to the entire workforce and in 2013 will be incorporated step by step into internal<br />

processes.<br />

Corporate Responsibility established at central management level<br />

<strong>Knorr</strong>-<strong>Bremse</strong> has a separate department at the level of central management devoted to Corporate<br />

Responsibility. It is responsible for identifying appropriate areas and developing specific measures<br />

which are then jointly implemented with the specialist departments concerned. As the central body<br />

for discussion and decision-making the CR Council decides on strategic orientation and objectives. It<br />

consists of a representative of the Executive Board, two members of management from the two divisions<br />

and the CR department. During the year under review the CR Council met twice and amongst<br />

other things discussed Group-wide CR policy and the scope for expanding CR communication activ-

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