For the Bosch Group, sustainability means securing the company’s long-term success while at the same time protecting the natural environment for future generations.
Our “Invented for life” ethos not only applies to our core business, but also to the subject of sustainability. We aim to make renewable sources of energy more efficient, mobility even safer, cleaner, and more economical, and to develop eco-friendly products across the board. We see ecology as an engine of innovation and a pillar of our company’s success.
Our definition of sustainability also includes social well-being. In the regions close to Bosch locations, we are especially committed to promoting good quality education. In addition to this, our dividends fund the activities of Robert Bosch Stiftung, which is also our shareholder. The foundation uses the money to fund non-profit social projects in the following areas: migration, integration, and participation; social cohesion in Germany and Europe; and sustainable living spaces.
In its efforts to strike a sustainable balance between economic, ecological, and social concerns, Bosch focuses on four main areas of action: environment, products, associates, and society. Within these four areas, the company pursues the following five sustainability targets around the world:
1. Observing binding CO2 reduction targets
35 percent reduction in CO₂ emissions
(relative to value added) by 2020 compared with 2007
2. Actively conserving resources
6 percent less waste and water consumption
(relative to value added) between 2016 and 2018
3. Consistent environmental and social audits
1,000 environmental and occupational safety audits
of our suppliers by 2020
4. Reducing the number of accidents in the workplace
per million hours worked by 2020
5. Increasing the number of female executives
20 percent female executives
In addition to these five quantitative targets, Bosch also pursues a broad range of qualitative sustainability goals. These include further expanding our environmental/safety portfolio, as well as promoting diversity, strengthening our commitment to education and associate development, and protecting the environment with innovative solutions.
In our annual sustainability report, we describe our progress and the ways in which we pursue the principles of the UN Global Compact, the world’s largest initiative for corporate responsibility of which Bosch is a member. In 2017, we are striving to integrate the UN’s Sustainability Development Goals in our materiality analysis. The aim here is to put a greater focus on solving current social challenges. Bosch conducts this analysis on a regular basis to assess, the sustainability-related issues of which are relevant for its target groups.