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Sustainable business practices and lifestyles are the core elements of a forward-looking life together on our planet. Reconciling economic and environmental considerations is a multigenerational undertaking and is each individual’s responsibility. We define corporate responsibility (CR) as our economic, environmental, and social contribution to sustainable development. Our activities are aligned with the UN Sustainable Development Goals (SDGs) specifically relevant to Festo.
Festo has a widely varying impact on the United Nations’ 17 SDGs. We conducted a materiality analysis to identify the following seven SDGs to which Festo as a company can make a relevant contribution to sustainable development:
The development of the action areas defined in our current Sustainability Strategy 2020+ was based on the process of identifying the Sustainable Development Goals that are relevant to our company. In the fall of 2015, the United Nations General Assembly adopted the 17 SDGs.
The SDGs are the centerpiece of the 2030 Agenda – a global action plan that aims to tackle current challenges such as extreme poverty, inequality and injustice, and protecting our planet, while making economic progress both eco-friendly and socially equitable. At Festo, we are committed to supporting the goals formulated therein within the framework of our own sustainability strategy.
In identifying the key SDGs and developing associated action areas, we supplemented the results of the stakeholder analysis 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 and also our sustainability goals and measures.
The Action Areas Defined in Our Sustainability Strategy 2020+
Festo will massively reduce its CO2 footprint in the coming years. From 2023, all our buildings in Germany as well as our global production and logistics sites will be CO2 neutral with regard to Scope 1 and 2. From 2026, the entire Festo Group will be CO2 neutral. 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.
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 pledge.
Our global responsibility is documented in our Sustainability Report 2021 using examples from the year 2021.
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 mechanical engineering sector and also to foster sustainable solutions throughout industry. Through our partnership, we are committed to complying with the 12 sustainability principles of the mechanical and plant engineering industry.
The sustainable guidelines for the mechanical and plant engineering industry (PDF)
