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Value-based corporate management
That is why we have embedded responsibility for sustainable growth for our employees, our society and the environment in our Group strategy. We utilize the resources available to us in an economically, environmentally, and socially sustainable way.
We manage and prioritize our sustainability activities by periodically performing a materiality assessment. This indicates the aspects that are significant to us with regard to our business activities and takes the values of our most important stakeholders into account.
The last evaluation was conducted in 2021. The results of that survey confirm that the topics of product quality and product safety have the highest priority. Ethical principles and human rights are also very significant to us, and we link them to meeting social standards, especially in the supply chain. Data security and data protection in the face of digital transformation in business and society continue to be of increasing importance to us. We are planning to update our materiality matrix for 2023 using a double materiality analysis for the first time. This will not only help us identify the specific effects of our business activities on the various aspects of sustainability but also bring the effects of the environment, climate change and society on our business results into focus.
For B. Braun, the development and use of modern technologies is the key to successfully implementing sustainability in the company.
In 2021, in the course of the new strategy period, we defined the strategic objectives for our sustainability commitment for the next decade and developed a three-year plan with clear milestones. The goal is to continue strengthening sustainability in the company and develop it as an integral part of our business processes.
For B. Braun, the development and use of modern technologies are the key to successfully implementing sustainability in the company. We have set the framework for our activities in the coming years, as derived from our Group strategy and materiality analysis, with six thematic areas and fleshed them out with clear medium to long term goals.
Social engagement & access to health care | Expansion of development cooperation in Africa and Asia by 2023. SDG 4 & 17
Compliance with standarts | Evaluation of 80% of our order volume with supplier against global sustainability standarts by 2023. SDG 8
Diversity | Share of women of 20% on the first and 15% on the second level below the Executive Board by 2025. SDG 5
Safety & health protection | Global occupational management standart at all production site by 2023. SDG 3
Product quality & safety | Development of a Group-wide guideline for the reduction, reuse and recycling by 2023. SDG 3 & 12
Integrity & compliance | Responsibility for compliance with human rights. SDG 8
Reduction of emission & resource conservation | Reduction og CO2 emissions by 50% worldwide by 2030 and CO2 neutrality of all new buildings planned from 2023 and existing buildings to be renovated. SDG 13
We have always been committed to legally compliant and socially responsible corporate management. The legal and ethical conduct of our employees is central to our value system. For the B. Braun Group, compliance means not only abiding by the rule of law, but also living ethical values such as integrity and fairness.
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