ESG Management

We want to integrate sustainability into all our business processes, which is why responsibility for all sustainability issues is anchored at the highest level in the Executive Board, and in the Supervisory Board. The ESG team reports directly to our CFO and is in continuous exchange with all relevant business units. Based on relevant data, our internal expertise as well as the dialogue and support from external stakeholders and experts, we implement specific measures in all ESG areas. In this way, we aim to minimise the negative impact of our business activities and strengthen our positive impact.

We want to provide transparent and honest information about our progress and will report on all our material topics in an integrated management report from 2025, in accordance with the CSRD Directive. For an efficient collection, evaluation and reporting of high-quality data, we are also planning to introduce a new ESG software tool in 2025. Our guidelines and the materiality analysis are updated on an annual basis, and the achievement of goals and the implementation of the measures are continuously monitored.

Ratings and initiatives

Since 2019, Formycon is a member of the UN Global Compact , one of the world’s largest and most important initiatives for responsible corporate management, which aims at creating an inclusive and sustainable global economy and which supports companies in aligning their strategies and activities with sustainability goals. In addition to the protection of human rights, the focus is on the elimination of all forms of forced labour, the abolition of child labour, the elimination of discrimination in recruiting and employment, as well as the handling of environmental problems, the observance of precautionary principles, the promotion of environmental awareness and the development and dissemination of environmentally friendly technologies. Formycon is committed to acting responsibly and will continue to drive this commitment forward, now and in the future. By becoming a member of the UN Global Compact, Formycon has committed itself to strategically anchoring the topic of sustainability and contributing to the implementation of the Sustainable Development Goals on the basis of the 10 universal principles. We report annually on our progress in a Communication on Progress (COP) report.

We want to communicate openly and transparently about our topics in the individual ESG areas – the trust of our various stakeholders is immensely important to us. To enable the comparison with other companies and the possibility of tracking our progress, we participate in various ratings. Again, we are working on continuous improvement and take the evaluation as an incentive to strengthen our weaknesses and improve our strengths even further.