Dear shareholders and business partners,
With the entry into force of the CSR guidelines (CSR = Corporate Social Responsibility), capital market-orientated companies across Europe with more than 500 employees are obligated to prepare a sustainability report. The aim of this obligation goes far beyond documenting individual measures for waste prevention or energy conservation. Rather, CSR is defined as “the responsibility of enterprises for their impact on society.”
With this report, First Sensor is submitting its third account on topics that concern sustainability in a wider sense for the period between January 1 and December 31, 2017. As in previous years, the format of the German Sustainability Code is used. However, in preparation for this report, work was already carried out within the framework of the GRI standards, which will determine the reporting format used in the medium term. Therefore, on a case-by-case basis, references in the text also refer to GRI standards, which were primarily designed for the creation of a sustainability report. The creation of a report in accordance with the GRI standards generally provides a comprehensive picture of the key issues of an organization, the associated impact of these issues and the way in which they are managed. The standards are used, either in
whole or in part, for the reporting of specific information from the company.
The report by First Sensor is published together with Annual Report 2017. Nevertheless, it is conceived as a self-contained report, which largely makes no reference to other parts of the annual report. On the one hand, this complies with the format of the German Sustainability Code and, on the other, it makes the report coherent for readers.
The question of materiality is crucial for the content of a sustainability report. When considering economic, environmental or social issues, the judgements that are considered “material” for different companies naturally vary greatly. However, a consideration of the “material” questions ensures that the focus is on aspects where analysis, monitoring and improvement offer the biggest potential.
For this purpose, First Sensor has identified and reported on the material issues for the Group as of December 31, 2017. This report is therefore a snapshot, which can perhaps best be compared with a marathon, in which the first time is taken after the first kilometer. We know that we still have some way to go to achieve a perfect CSR system. However, we have made a start and we are confident that we will improve every year. We would greatly value your support in this endeavor.
The First Sensor CSR TeamDownload
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