“We act prudently and responsibly for the benefit of society and the environment.”
Bosch is committed to sustainability and is constantly evolving in this respect. The corresponding strategic foundations are anchored in our “New Dimensions — Sustainability 2025” target vision.
“We are Bosch” — our mission statement
We are motivated by the desire to develop products that are “Invented for life,” that spark enthusiasm, that improve quality of life, and that help conserve natural resources. Our “We are Bosch” mission statement reflects this. It summarizes our values, our strengths, and our strategic orientation.
The mission is based on seven central values, which shape our corporate culture – ranging from a focus on the future and earnings to cultural diversity. Responsibility and sustainability are part of this set of values and thus of our actions.
Bosch strongly believes that a social and ecological balance is needed to do business successfully in the long term. For this reason, the company aims to secure its business success in a way that preserves resources for current and future generations.
In line with its longstanding commitment but with a greater focus on social challenges, Bosch has set itself clear sustainability targets. Our “New Dimensions — Sustainability 2025” target vision focuses on six megatrends. These issues set the priorities for our commitment to sustainability. Each of which is specified and further developed based on two major aspects with clearly defined, medium-term targets.
“We want to take action wherever it will be most beneficial for the environment and society.”
Torsten Kallweit, Head of EHS and Sustainability at Bosch
At Bosch, we take a holistic approach to sustainability.
The highest technical committee for sustainability is the corporate social responsibility steering committee under the aegis of the chairman of the board of management.
The strategic orientation in sustainability is developed jointly by the Communications and Governmental Affairs corporate sector and the EHS and Sustainability corporate sector.
From a content point of view, the Communications and Governmental Affairs corporate sector focuses on sustainability communications and stakeholder engagement. The EHS and Sustainability corporate sector is responsible for sustainability management, which comprises above all preparing concepts for further development, setting and tracking goals, and designing and accompanying programs.
Responsibility for worldwide implementation of the sustainability strategy and monitoring the respective achievement of goals rests with the specialists responsible at headquarters and in the divisions.
Focusing on what truly matters
We use a materiality analysis to determine which aspects of sustainability to focus our activities on.
We updated our materiality matrix at the end of 2019: more than 1,000 international stakeholders — including business partners, representatives of the scientific community, policymakers, the capital market, and relevant nongovernmental organizations, as well as associates and prospective job applicants — gave their assessment of the relevance of sustainability issues. The materiality matrix highlights the aspects that Bosch and its stakeholders deem to be of material relevance within the defined fields of activity.
The Sustainable Development Goals of the United Nations
Especially in times of fundamental change, it is important to take responsibility for people, the environment, and society. That is why we have also committed to the United Nations’ Sustainable Development Goals (SDGs), which extend into 2030 and promotes sustainable development worldwide. We support these goals with our products and services by offering solutions to social challenges and finding answers to environmental and social questions. We regularly benchmark our sustainability activities against the 17 SDGs. The following are of particular relevance for our company:
- Good Health and Well Being (SDG 3)
- Quality Education (SDG 4)
- Gender Equality (SDG 5)
- Clean Water and Sanitation (SDG 6)
- Decent Work and Economic Growth (SDG 8)
- Industry, Innovation and Infrastructure (SDG 9)
- Sustainable Cities and Communities (SDG 11)
- Responsible Production and Consumption (SDG 12)
- Climate Action (SDG 13)
Bosch’s diverse activities also support aspects of other UN goals.