CSR strategy 2018 and beyond
In the course of 2017, the Executive Board together with the Management Team developed proposals to extend the CSR strategy to 2018 and beyond. The proposals are directed at further alignment and integration of the CSR strategy with the ‘Simplify, Focus and Grow’ strategy. Moreover, the emphasis of the updated CSR strategy is on long-term value creation for Kendrion and society through pillars of value creation, taking into account the interests and reasonable expectations of Kendrion’s stakeholders. Important pillars of value creation are: Natural Capital, Social and Human Capital and Responsible Business Conduct. A thematic approach applies for each pillar, as this contributes to an integrated way of thinking and acting.
The CSR strategy for 2018 and beyond will be integrated with the Mid-Term Plan 2019 – 2023. It is anticipated to finalise and communicate the updated CSR strategy and the related long-term targets in the course of 2018 together with the Mid-Term Plan 2019 – 2023.
In addition to the determining material themes and annual targets for each value creation pillar, we made an initial assessment to identify which of the 17 Sustainable Development Goals (SDGs) introduced by the United Nations in 2015 are most relevant for Kendrion. Following our initial assessment, we consider the SDGs described in the table below to be those to which Kendrion can contribute most.
Following further engagement with Kendrion’s stakeholders in the course of 2018, Kendrion may decide to adjust the material topics for the three pillars of value creation and the selection of SDGs as described above. The outcome of such further stakeholder engagement may also lead to the identification of associated targets relevant to the SDGs concerned.