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Good for society, good for business. Evonik’s CR strategy combines social, ecological and business goals.
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Evonik aims to make a substantial contribution to sustainable development by developing new products and business models. At the same time, we want to strengthen our leading market positions. In the year under review, we successfully drove forward the sustainability analysis of our business. This analysis was conducted in close cooperation with our operating units and covered the entire value chain of our products. The criteria include aspects such as a lifecycle assessment of our supply chain, production and subsequent use of our products. In this way we are responding to the awareness that sustainability is becoming increasingly significant for the purchasing decisions of our customers and their end-markets. Our goal is therefore to use the results of our sustainability analysis as supplementary information when describing our products and business activities. Through continuous assessment of sustainability aspects, we do not simply want to describe the ecological and societal risks relating to our portfolio, we also want to support the strategic long-term positioning of individual products or businesses.
Sustainability is also firmly anchored in our areas of action for the environment, safety, health (ESH) and our employees. We support the "Vision 2050" of the World Business Council for Sustainable Development (WBCSD). The growth, efficiency and values areas that form an integral part of our corporate strategy are the main way in which we can add economic, ecological and social value.
The Executive Board bears overall responsibility for sustainability at Evonik and direct responsibility is assigned to the Chief Human Resources Officer. The issues derived from the sustainability strategy are implemented through goals set for the business units and specialist departments. Steering committees use specific performance indicators to manage the attainment of these goals at specialist, regional and project level. The strategy is mainly developed and monitored in the Corporate Center. Where relevant, the management uses the specialist knowledge of expert networks to translate sustainability-related issues into concrete areas of action. As part of Evonik’s ongoing strategic development, in summer 2014 the Executive Board decided to establish a separate Sustainability/Corporate Responsibility Division reporting to the Chief Human Resources Officer. Responsibility for climate-change topics is also anchored at Executive Board level.