In defining the Marquard & Bahls strategy, sustainability was deliberately anchored as a binding value for our company. We are aware of the potential impact of our business activities on people and the environment, and therefore try to integrate the principle of sustainable development in all our activities and to promote the welfare of our employees, the environment, and the surrounding communities.
The following six overarching strategic action areas determine our success:
In accordance with our core business, our sustainability management focuses on the areas of health, safety, security & environment (HSSE), and is therefore based on the activities coordinated by the HSSE Department on holding level. All of the larger Marquard & Bahls companies have a designated HSSE manager to supervise all HSSE-related topics and questions. There is also a separate Sustainability team within the HSSE Department. It pools all related activities and further develops them in close coordination with local HSSE managers.
To anchor the afore mentioned six key strategic issues in our global activities we use various instruments and measures. This includes anchoring the issue at the highest level of management through our HSSE Policy, a focus on internationally accredited guidelines and standards, and the Code of Conduct, which is binding for all our employees. Other tools include internal audits, the implementation of certified management systems, and a statistical monitoring of key performance indicators (Key Performance Indicators – KPIs).
Our long-term goal is to more firmly mainstream our centrally defined sustainability management worldwide, and to lend a greater impact to sustainability activities developed at local level.
In order to anchor and manage sustainability in our business activities in this spirit, we have defined specific short/medium-term objectives and derived sustainability measures from them. The following PDF shows an overview of our targets in each key strategic issue of our sustainability activities, including information on what has been achieved and not achieved. Detailed information on the individual topics can be found in our main navigation subpoints.
Due to our activities in various lines of business, we have contact with many different stakeholders. We have identified our most important stakeholders through internal discussions, workshops, external analyses, and industry comparisons. Depending on the stakeholder both the frequency of contact with stakeholders and the relevant issues vary. While contact with employees, shareholders, customers or business partners usually takes place on a daily or weekly basis, with other stakeholders it is less frequent.
In a materiality analysis, we periodically evaluate the significance of the aspects identified with our own assessment of their importance, in order to determine the issues we focus on.
Detailed reporting about sustainability and responsibility...
16 principles concerning Business & Finance, Safeguards, Integrity and People...