Our Approach
Our Sustainability Approach
In 2020, we defined our ambitions for each of our priority areas. They look to the future and take a long-term perspective to help us track our progress. They are specific, measurable and time-based. Find out more about our performance in our Sustainability Report.
Our Goals and Ambitions
Goal
Zero harm to our people and the environment.
Ambition
Zero harm by 2025 (no personal, process or environmental incidents).
Goal
We integrate sustainable design solutions into our product development process.
Ambition
100% of new product developments are evaluated with sustainability criteria by 2025.
Goal
We collaborate with our suppliers and together we aim to speed up environmental and social improvements in the value chain.
Ambition
80% of relevant spend to be covered by sustainability assessments by 2025.
Goal
We strive to reduce our impact on the climate and resources used in our operations.
Ambition
20% reduction by 2025, in carbon emissions ( scope 1 and 2 ) per metric ton of product compared to 2018.
Goal
We aim to be an excellent employer.
Ambition
More than 75% colleague engagement score achieved by 2025.
Goal
We aim to have a positive impact in communities where we operate.
Ambition
More than 25% of employees volunteering via global STEM programme and local initiatives by 2025.
Our materiality assessment
In prior years we have conducted materiality assessments and benchmarking to identify sustainability topics of most concern and importance to our stakeholders. In our 2018 assessment, out of 150 stakeholders providing input, 84% of respondents were internal and 16% were external, comprising customers, OEMs and suppliers. We have also worked with a third party to update and benchmark our materiality assessment.
This process has helped us to identify our priority areas covering the most material topics. We then mapped these topics against the UN’s Sustainable Development Goals (SDG). The UN goals where we feel we can make the greatest impact are SDG 3, 12, 13 and 17. We continue to closely follow and engage with customers, peers and industry standards to update and benchmark our materiality assessment on a regular basis to reflect external trends and the evolving expectations of our stakeholders.
Engaging our stakeholders will be a key focus area in 2024 as we plan to renew our materiality assessment.
