Minimizing risks

  • Recognizing and avoiding sustainability-related risks early on
  • Global standards provide framework for actions

Through our materiality analysis, dialog with partners along the value chain, and our many years of experience, we are constantly developing a better understanding of possible risks along our value chain. We optimize our risk management by recognizing sustainability-related risks early on and preventing these as far as possible.

Uniform worldwide standards provide a clear framework for our actions and are outlined in our Code of Conduct. We support the United Nations Guiding Principles on Business and Human Rights and have been part of the Global Business Initiative since 2012 – a group of globally operating companies from different industries whose goal is to advance the regard of human rights in business activities. As the only member based in Germany, we worked in 2014 with partners and experts on challenges and solutions surrounding business and human rights, which included introducing examples of how to implement the U.N. Guiding Principles. In 2014, we also participated in two events for the consultation process of the German government’s national plan of action on this topic. We are constantly working to improve our internal guidelines and processes in keeping with the U.N. Guiding Principles.