Sustainability is still the way forward
Responsible social action and economic success have gone hand in hand at our company since it was founded in 1919. Sustainability was and continues to be the foundation for our company’s successful development. Environmental standards, social responsibility and good governance are vital to us.
Our sustainability strategy
Managing environmental, social and governance (ESG) factors forms the basis of business success and strong investment performance. At the same time, a sustainable approach to business makes it possible to deal with new opportunities and risks in a timely manner. We strive to raise awareness and aim to uphold and promote sustainability standards. We are committed to reducing the emission of hazardous substances and waste as well as limiting and reducing the consumption of scarce resources, and to maintaining zero tolerance toward child labour, all types of discrimination, corruption and unethical business practices.
“Sustainability isn’t an optional extra anymore. Enterprises are facing growing requirements from all sides. That’s why the entire Executive Board is focusing its attention on sustainability and systematically driving our development in this area."
Jörg Wahlers, Chief Financial Officer
Sustainable Development Goals (SDGs) at Ottobock
As a signatory of the UN Global Compact, Ottobock is also committed to the 17 Sustainable Development Goals (SDGs) of the United Nations. The United Nations has created the SDGs as a framework to drive sustainable development at the economic, social and environmental levels, both nationally and internationally, until the year 2030.
At Ottobock, we want to make our contribution to the success of the initiative and have integrated the SDGs into our sustainability strategy. Based on a comprehensive analysis of our key sustainability topics, our values and strategies, we have identified the six SDGs that are of the highest relevance for Ottobock. We want to make our contribution to attaining these goals through our business activities.
Code of conduct
We have a company-wide code of conduct, which you can download in full. Furthermore, we are a member of the UN Global Compact, the world’s largest and most important initiative for responsible corporate governance.
Based on 10 universal principles and what are known as the Sustainable Development Goals, the UN Global Compact pursues the vision of an inclusive, sustainable global economy that benefits all people, communities and markets, both today and tomorrow.
For us, sustainability is a strategic responsibility for management and part of our company strategy. We are responding to the increasing importance of sustainability by increasing the visibility of environmental, social and governance aspects at Ottobock, both internally and externally. To this end, we have involved our departments even more closely in our sustainability efforts. In a steering committee of representatives from various departments such as Procurement, HR and Operations, we work together on the goals and their implementation. The steering committee implements the sustainability strategy, works on its further development and monitors our progress in view of the objectives. This helps us examine routines from a critical perspective, spark innovations and ensure our success as a business.