Strategy and Approach6 min
dormakaba defines sustainability as one of the key success factors to becoming recognized as a trusted industry leader. That is why sustainability has been anchored as one of the foundations of the company’s six strategic pillars.
Increasingly, customers, partners and end-users in the building industry are demanding environmentally-friendly products, giving rise to new market opportunities. At the same time, responsible business practices are demanded by legislators and investors.
dormakaba strives to promote sustainable development along the value chain in view of our economic, environmental and social responsibility toward current and future generations. The company further commits to an open and transparent dialogue with stakeholders to define strategies and actions based on clear goals and continuous improvements.
The results of the sustainability materiality assessment strengthen our drive to continue developing efficient, environmentally favorable and socially responsible products, as well as to extending our sustainability efforts to upstream value creation processes.
The material topics for the years 2017-2021 have been aligned to dormakaba’s four focus areas of our strategic approach to sustainability, namely Transparency, Process & Production, People and Products.
Our focus areas
Transparency – We are committed to be a socially responsible corporate citizen and to upholding the principles of international conventions, laws and internal rules and regulations. We also expect our suppliers and business partners to adhere to similar standards and rules.
Process & Production – We seek to reduce the environmental impact of production and adhere to environmental laws and regulations. We strive to ensure a healthy and safe workplace and to safeguard our customers’ right to privacy and security.
People – We offer fair working conditions in which our employees can leverage their strengths and build their skills. We foster an engaged workforce where we have the right people in the right roles.
Products – We are dedicated to producing high-quality, reliable products and solutions, also integrating our customers’ health and safety. We aim to reduce our customers’ environmental burdens by designing materially- and energy-efficient products.
In line with this strategic approach, dormakaba has committed to achieving three overarching sustainability goals in our corporate strategy by end of the year 2021 as follows:
- Increase the revenue share of products with environmental and/or health product declarations to > 30%
- Increase the share of ISO 14001 certified production sites to > 50%
- Operationalize a supplier audit system based on sustainability criteria (e.g., ISO certification, material compliance)
In the 2017/18 financial year, we have approximately 12% of revenue share of products with environmental and/or health product declarations. We also have 29% of production sites certified according to ISO 14001. Further, we have begun to operationalize a supplier social and environment assessment system as detailed here.
Further achievements in embedding sustainability in the organization include the development and implementation of concrete action plans at a segment-level, particularly in segments AS EMEA and Key & Wall Solutions. For the latter, both business units (Key Systems, Movable Walls) have individual sustainability networks and action plans.
In addition, new segment-level sustainability networks have been established for segments AS AMER and AS APAC. The company’s commitment to setting up segment-level sustainability networks will continue in the 2018/19 financial year.