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Sustainable business practices and lifestyles are the core elements of a forward-looking life together on our planet. Balancing economic and environmental considerations is a multigenerational undertaking and is each individual’s responsibility. We understand corporate responsibility (CR) as our economic, environmental and social contribution to sustainable development. Key elements of our sustainability strategy are therefore an integral part of our corporate strategy.
We want to contribute to achieving the 17 Sustainable Development Goals (SDGs) of the United Nations (UN) by taking the right course of action. These were adopted by the UN General Assembly in autumn 2015 and are the centrepiece of the 2030 Agenda – a global action plan that aims to tackle current challenges as well as protect our planet, while making economic progress environmentally sound and socially equitable.
Festo is a product of many hands created over generations. We shape our future through our financial independence as a family-owned company. That is our mission. In doing so, we involve all our stakeholders – customers, employees, suppliers and society – in the collective and sustainable creation of value. With our expertise in automation and technical education, we increase our customers’ productivity and create opportunities for sustainable economic, environmental and social development. That is our ambition.
In our Sustainability Report 2022, we document our global responsibility using examples from 2022.
In March 2020, our Management Board adopted the sustainability strategy, which has been subject to regular updates ever since. The sustainability strategy is currently being even more closely tied to the corporate strategy.
An important decision that we took in 2022 was to combine the topics of energy efficiency and climate protection across the entire supply chain into one area of action that is now managed as a cohesive whole. This has led to the areas of action in the sustainability strategy being consolidated from six to five.
In identifying the key topics and developing associated areas of action, the results of a stakeholder analysis were used and supplemented with observations of external changes in the fields of legislation, business and politics, technology, energy, the environment and society. On this basis, we regularly review our strategic focus as well as our sustainability goals and measures.
The areas of action of our sustainability strategy
Over the next few years, Festo will massively reduce its CO2footprint. Starting in 2023, all our buildings in Germany as well as our global production and logistics sites will be CO2 neutral with regard to Scope 1 and2. From 2026, the entire Festo Group will be CO2neutral. After that, we will continue to work on energy-saving measures and the retrofitting of our heating technology in order to continuously reduce the need for compensation.
We are a partner of the Blue Competence sustainability initiative. Blue Competence is an initiative of the German Mechanical Engineering Industry Association (VDMA) to promote sustainability in the machine and system building sector, and also to foster sustainable solutions throughout industry. Through our partnership, we are committed to complying with the 12 sustainable guidelines for machine and system building.
Sustainability Guidelines of the Mechanical Engineering Industry (PDF)