Doing the right thing, influencing positively the environment and going the extra mile beyond the legal obligations – this is how the Group sees its responsibility for sustainability. The Group has been adopting for the last years their sustainable development principles and is improving its performance continuously.
Environmental, Social and Governance (ESG) criteria are at the heart of our Company as those relate to all fields of activities affecting internal and external stakeholders. The Group is in recognition that ESG measures have a long-term effect and addresses the sustainability challenges our Company and society faces. ESG criteria consist as additional guidance for corporates which result in a clear set of tools to secure and maintain high standard of business conduct, and balance the interest of the stakeholders.
Management and the board are driving the continuous improvement of already high standards on ESG matters and have initiated the process of implementing further external certification and participation in industry initiatives. CSR, compliance and risk related matters are monitored by the Group’s internal control systems and discussed at board meetings on a regular basis.
With its fully integrated value chain the Group is able to design, implement, monitor and control ESG activities throughout the various processes and provide clear interfaces to third parties. Suppliers and contract partners are obliged and encouraged to meet highest ESG standards and adopt to any ongoing changes as part of our continuous improvement (CI) programmes.