Dear shareholders and business partners,
The year 2020 upset many familiar routines. Infection protection dominated many decisions, whether in favor of working from home and lessons via digital technology or against vacation trips and attending major events. The environment has benefited, as CO2 emissions were well below the target levels for climate protection. It was and is a period of economic and technological upheaval, with increasing numbers of people desiring a more sustainable economic system and way of life at the same time. ESG (environmental, social, and governance) concerns, have now arrived in the mainstream of the capital market. Besides environmental aspects, the coronavirus pandemic also had an impact on social issues. The distribution of the vaccine, which is still scarce in this initial phase, demands fairness across national borders. And, last but not least, the financial scandal surrounding Wirecard put the issue of "good governance" in the spotlight. In 2020, sustainability, in all of its facets, took its place at the heart of society.
In this CSR report we will again disclose the aspects that are of particular significance within our company. The term CSR, i.e. corporate social responsibility, encompasses more than environmental protection measures. It is rather a question of acting in a sustainable manner and taking responsibility for our company's impact on society. In view of this, our CSR activities are oriented toward a long-term contribution rather than short-term effects.
When preparing this report for the period from January 1 to December 31, 2020, we were once again guided by the format of the German Sustainability Code. However, as in the previous year, we also worked within the framework of the GRI standard; some references in the text therefore refer to this. The CSR report by First Sensor is published together with the Annual Report 2020. Nevertheless, it is conceived as a self-contained report, which makes no reference to passages 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. We thank you for your interest.
The First Sensor CSR TeamDownload
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