Our contribution to sustainable development
We refer to our economic, ecological and societal contribution to sustainable development as Corporate Responsibility (CR). Our actions are aligned with the United Nations Sustainable Development Goals (SDGs) relevant to Festo.
Festo is the workmanship of many hands, over generations. Thanks to our financial independence as a family business, we can shape our own future. That is our mission. We involve all our stakeholders – customers, employees, suppliers and society – in the joint and sustainable creation of value. With our competence in automation and in technical training, we increase the productivity of our customers and thereby create scope for sustainable development with regard to the environment, business and society. That is our promise.
In our sustainability report, we document our global responsibility using examples from 2017 to 2019 and provide an outlook on the topics covered by our sustainability strategy adopted in 2020.
Areas of action of our 2020+ sustainability strategy
The development of the areas for action of our current 2020+ sustainability strategy is based on the identification of the Sustainable Development Goals that are relevant for our company. In the autumn of 2015, the United Nations General Assembly adopted the 17 SDGs. They are at the heart of Agenda 2030 – a global action plan that aims to address current challenges such as extreme poverty, inequality and injustice and the protection of our planet, while making economic progress ecologically sustainable and consistent with social justice. We at Festo are committed to supporting the goals formulated therein as part of our own sustainability strategy.
In identifying the important SDGs and deriving areas of action, the results of the stakeholder analysis were supplemented by monitoring external changes in the areas of legislation, business and politics, technology, energy, environment and society. On this basis, we regularly review our strategic orientation as well as our sustainability goals and measures.
Topics relevant to Festo
Currently, the greatest opportunities for Festo to make an impact have been identified in the implementation of the following SDGs:
- Good health and well-being (SDG 3)
- Quality education (SDG 4)
- Clean water and sanitation (SDG 6)
- Decent work and economic growth (SDG 8)
- Industry, innovation and infrastructure (SDG 9)
- Responsible consumption and production (SDG 12)
- Climate action (SDG 13)