Integrate sustainability in our business governance, processes and policies with transparent reporting, disclosure and engagement.
The implementation of our sustainability strategy is based on globally uniform codes and standards, integrated management systems, and an organizational structure with clearly defined responsibilities. Within Henkel, efficient processes also contribute to environmental protection and occupational health and safety, while additionally reducing resource consumption and costs. We use a variety of methods and tools to assess and manage our corporate sustainability and to measure the progress that we make toward our objectives across the entire company and our value chain. The indicators we record throughout the company provide transparency while helping us to identify potential improvements, manage activities and monitor achievements.
We engage in dialog with opinion leaders, the professional public, academia, international rating agencies and analysts for many years. Sustainability analysts and professional institutions regularly evaluate how companies manage the economic, environmental and social aspects of their business activities. We welcome these external assessments of our sustainability performance, as they lead to greater transparency in the market and show us how our performance is assessed. We also consider the assessment criteria of various financial and sustainability-oriented ratings and the guidelines of the Global Reporting Initiative. We also explore ways to further strengthen transparency in ESG reporting and governance and the traceability of key commodities.
From our activities, we have learned that there is a need for further optimization with regard to transparency and traceability, especially for palm-kernel-oil-based derivatives, and that cross-industry initiatives are necessary to make the achievement of the “zero net deforestation” target verifiable.