Comprehensive sustainability strategy and consistent compliance
Sustainability is an integral part of our corporate culture – because it is the people at Bosch who turn abstract goals into measurable achievements.
Clear strategy for more sustainability
Bosch’s sustainability strategy is based on concrete objectives in all focus areas. We have for many years now been consistently working to realize those objectives – and we have reached a first key milestone with carbon neutrality.
Sustainability is frequently defined as a balance of economic, environmental, and social aspects. At the same time, sustainability has become an established concept on capital markets under the abbreviation ESG (environment, social, governance). Our comprehensive understanding of sustainability combines both of these approaches. It shapes our sustainability management, provides clear orientation at all levels, and ensures that our actions are effective. Accordingly, by acting in an economically, environmentally, and socially responsible manner, we want to improve people’s quality of life and safeguard the livelihoods of present and future generations.
Our “New Dimensions – Sustainability 2025” target vision translates this ambition into concrete terms. Derived from the megatrends affecting our company and the findings of our materiality analysis, these objectives set the frame for our activities in the years ahead.
Compliance – even beyond corporate boundaries
Compliance refers to the observance of legal requirements and company guidelines. At Bosch, this is an integral part of our corporate values. To this end, we have unequivocally defined our position on legal requirements and ethical issues in our globally applicable Code of Business Conduct. Together with the Bosch values, it provides a foundation that we believe is key to Bosch’s success in business. And because responsible and lawful conduct is important beyond company boundaries, we have formulated our expectations of our business partners in a corresponding code of conduct.
Company-wide compliance management system
Bosch’s compliance management system provides a binding framework worldwide for promoting compliant conduct and serves to reduce compliance risks. It provides the basis for effective implementation of external and internal requirements and defines minimum requirements for processes of relevance for compliance. These include various prevention and control measures as well as the internal Bosch whistleblower system. Associates, business partners, and third parties can use this system at any time to report non-compliance, anonymously if they wish.