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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. Essential content of our sustainability strategy is therefore firmly anchored in our corporate strategy.
With our actions, we want to contribute to the achievement of the 17 Sustainable Development Goals (SDGs) of the United Nations (UN). These were adopted by the UN General Assembly in autumn 2015 and are the core of Agenda 2030 – a global action plan that aims to meet the current challenges and protect our planet while making economic progress ecologically compatible and in harmony with social to create justice.
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 2022 using examples from the year 2022.
In March 2020, our management board approved the sustainability strategy, which has been regularly updated since then. The sustainability strategy is currently being even more closely interlinked with the corporate strategy.
An important decision in 2022 was to combine the topics of energy efficiency and climate protection across the entire supply chain into one field of action that is now managed holistically. This has led to a consolidation from six to five fields of action in the sustainability strategy.
In identifying the most important topics and developing the action areas, we used a stakeholder analysis 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 and also our sustainability goals and measures.
The Action Areas Defined in Our Sustainability Strategy
Festo will massively reduce the company's CO2footprint in the next few years. From 2023 onwards, all our buildings in Germany and our global production and logistics locations with regard to Scope 1 and 2 will be CO2-neutral. From 2026, the entire Festo Group will be CO2neutral. Even after that, we will continue to work on energy saving measures and the conversion 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 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)
