Kendrion seeks to engage in open dialogue with stakeholders to deepen its insights into their needs and expectations with a view to creating long-term sustainable value. In addition, stakeholder engagement helps Kendrion to progress its CSR strategy, not only in design but also in management and execution. Our key stakeholder groups include: customers, suppliers, employees, shareholders, local communities and technical universities and institutes. For each group, Kendrion’s stakeholder engagement varies on a case-by-case basis and includes formal and informal channels that are applied with varying degrees of regularity.
In 2018, Kendrion carried out an in-depth stakeholder engagement process, which included a structured sustainability survey and expert sessions, as input for its strategy development process. The outcome of the 2018 engagement process has formed the starting point for the design of the CSR strategy and related 2019-2023 target framework. Stakeholder dialogue continues frequently with customers, suppliers, shareholders, and employees as part of regular engagement. Kendrion is committed to conducting a structured in-depth stakeholder engagement process – inspired by the 2018 stakeholder engagement edition – in the course of 2020.