Sustainable Innovation at Oerlikon
Sustainable innovation is an inherent part of Oerlikon’s strategy and built into everything the company does. Oerlikon’s products and services, market position and growth potential are aspects of success – but those measures are much more meaningful within the context of the company’s responsibility as a global citizen who is also contributing to the health of the planet and the safety and well-being of its inhabitants.
Oerlikon is now making a public commitment and publishing its first Sustainability Report. It is joining the ranks of corporations, people and organizations to proactively engage in sustainability and inspire others to do the same. Based on the materiality analysis, Oerlikon has selected 8 out of 17 of the United Nations Sustainable Development Goals (SDGs) where the company can make the most difference for its stakeholders. Environmental, social and governance targets for 2030 have been set by the Group in areas that align most closely with its operations, policies and capabilities.
In support of SDGs 7, 9, 12 and 13, Oerlikon is moving toward a greater share of climate-neutral operations and increased participation in the circular economy. In addition, its environment performance targets address the implementation of energy management systems, the increased use of energy derived from renewable sources, and reductions in disposed waste. As always, it is the company’s goal that product innovations contribute to sustainability and that 100% of its R&D investments in new products must cover the ESG criteria.
People & Society
With regard to SDGs 3 and 5, the Group has created an action plan for increasing the percentage of women in management and leadership roles as well as high potential programs. The Group’s diversity initiatives also target achieving higher level of cultural diversity that is aligned with its key markets and a more balanced age diversity within the Group and in high potential programs to groom the next generation of managers and leaders of the company. It will also continue to uphold its principle of Zero Harm to People.
Responsible Business Practices
To further strengthen our commitment to the ethics, compliance, responsible sourcing and human rights targets captured in SDGs 8 and 17, we pledge to increase the percentage of employees who complete the compliance and Code of Conduct training to more than 95%.