Vision and targets
Bosch products spark people’s enthusiasm, improve their quality of life, and contribute to conserving natural resources.
Definition of sustainability
We provide technological answers to ecological questions.
For the Bosch Group, sustainability means securing the company’s long-term success while at the same time helping protect the environment for current and future generations.
Against this backdrop, our “Invented for life” leitmotiv aims to make renewable sources of energy even more economical, and mobility safer, cleaner, and more efficient. More generally, it also focuses on developing products that protect the environment and conserve resources. This makes ecological concerns an engine of innovation and shapes the foundation of the Bosch Group's business success.
Our commitment to a healthy social environment is another dimension of our understanding of sustainability. Our special ownership structure reflects this: 92 percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung, which spends dividends exclusively on charitable initiatives. At the same time, the Bosch Group's corporate structure helps ensure its financial independence and enables the company to plan for the long-term and make investments that secure its future.
In its quest to strike a balance between economic, ecological, and social concerns, Bosch focuses on four sustainability-related areas of activity: environment, products, associates, and society.
With the help of a comprehensive analysis, Bosch defines the dimensions of sustainability upon which its activities are based. It applies a management system approach that examines and assesses all sustainability-related topics. For each dimension under examination, the analysis assesses whether a global policy is in place, as well as whether there are measurable targets, suitable indicators, and topic-specific training measures. Moreover, the analysis examines the extent to which each dimension plays a role in external reporting.
The analysis is part of comprehensive assessments conducted in cooperation with the respective specialist departments. The results are then evaluated in cooperation with the Bosch sustainability office. On this basis, the sustainability council recommends potential focal points and sustainability targets, which the sustainability steering committee then approves.
The following graph shows which dimensions Bosch and its stakeholders consider relevant within the context of the defined areas of activity.
Taking our areas of activity and the related focal topics into account, Bosch has adopted five central sustainability targets.
- 1 Systematic CO₂ reduction
By 2020, Bosch aims to reduce relative CO₂ emissions by 35 percent over 2007 levels, and is thus contributing to systematic CO₂ reduction. By 2016, the company had already achieved a reduction of 30.6 percent.
- 2 Resource conservation and waste reduction
In addition, at the beginning of 2016 we established targets for waste reduction and the responsible use of water resources. By 2018, we aim to reduce the relative amount of waste and water consumption by 2 percent each year. In 2016, we reduced relative water consumption by 3.9 percent and relative waste consumption by 1.5 percent.
- 3 Consistent environmental and social audits
By 2020, we aim to conduct 1,000 environmental and occupational safety audits of our suppliers around the world. Until now (as of 2016), we have audited 614 suppliers. In so doing, Bosch has been able to establish sustainability standards throughout the value-added chain.
- 4 More women in management positions
Bosch sees diversity as an asset. This is why we put every effort into attracting women to the company. Among other things, we have committed to increasing the share of women in management positions at Bosch to 20 percent by 2020. At present, 15.4 percent of Bosch executives are women.
- 5 Fewer accidents in the workplace
We are continuously working to improve occupational safety for our associates. Our aim is to reduce accidents in the workplace at Bosch to 1.7 accidents per million hours worked by 2020. In 2016, the figure was 2.7.
In addition to these five central topics, Bosch pursues a number of qualitative sustainability targets.