Clear vision sets the direction
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.
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.
Bosch has set itself clear sustainability targets with its “New Dimensions — Sustainability 2025” target vision. The vision describes six fundamental dimensions, each of which is specified and elaborated further by reference to two key aspects with clearly defined, medium-term targets. Derived from the megatrends affecting our company and the findings of our materiality analysis, the dimensions set the stage for our activities in the years ahead.
“We want to take action wherever it will be most beneficial for the environment and society.”
At Bosch, sustainability is defined as a central task that the various business sectors tackle together on the basis of ambitious goals and systematic sustainability management. At Bosch, the highest technical committee for sustainability is the corporate social responsibility steering committee under the aegis of the CEO. The steering committee concerns itself with Bosch’s strategic orientation in relation to sustainability, whereas goal agreements and management review for all sustainability-related issues are the responsibility of the CEO and the board of management member responsible for sustainability.
The EHS and Sustainability corporate department is responsible for sustainability management, which mainly entails setting and tracking goals, designing and supporting programs, preparing concepts for further development, and reporting on sustainability.
From a content point of view, the Communications and Governmental Affairs corporate department focuses on sustainability communications and stakeholder engagement.
Responsibility for worldwide implementation of the sustainability strategy and monitoring the achievement of goals rests with the competent specialists at headquarters and in the divisions. The structure we apply in sustainability management is one that has already served us well in other areas: strategy and framework conditions are defined centrally, and the divisions focus on compliance with the standards and processes, right through to certification.
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:
- zero hunger (SDG 2)
- good health and well-being (SDG 3)
- quality education (SDG 4)
- gender equality (SDG 5)
- clean water and sanitation (SDG 6)
- affordable and clean energy (SDG 7)
- decent work and economic growth (SDG 8)
- industry, innovation, and infrastructure (SDG 9)
- sustainable cities and communities (SDG 11)
- sustainable consumption and production (SDG 12)
- climate action (SDG 13)
Bosch’s diverse activities also support aspects of other UN goals.