We work internationally with many suppliers and Sustainability data management, In our commitment to assisting customers in their business partners. It is important for us to build steering and reporting journey toward sustainability, we are enhancing partnerships on equal terms and engage in regular transparency regarding the sustainability performance personal discussions. Our cooperation is based on In 2023, we formed the sustainability data of our products. Throughout the reporting period, we the highest ethical standards, which are set out in our management, steering and reporting program. re昀椀ned the life cycle assessment (LCA) process for our Code of Conduct for Suppliers. Before embarking A cross-functional team of experts is working on products. LCAs serve to illustrate the environmental on a business relationship with us, suppliers must streamlining, enhancing and extending the collection impacts of our products and are frequently requested contractually agree to follow our principles against of product and corporate sustainability data to by our customers in the construction industry. bribery and corruption, the violation of human rights, ultimately facilitate internal sustainability steering, Additionally, we have expanded the accessibility of and to be in favor of humane working conditions and external corporate sustainability reporting and product LCAs for our products, now encompassing 40 percent minimum wages as well as environmental protection sustainability transparency. of our portfolio. and the correct handling of hazardous substances. In terms of speci昀椀c human rights, our suppliers commit, To enhance our group steering and complement for example, to eschew slave labor, servitude, forced our understanding of value creation, we started to or compulsory labor and human traf昀椀cking, to pay introduce a new metric called Value-to-Society. This minimum wages and not to make use of child labor. metric assesses our contribution to the environment, Regular audits are conducted to assess compliance people and society, comprehensively quanti昀椀ed in with our Code of Conduct for Suppliers. We also monetary terms. We are working on integrating Value- work together with various research institutes to-Society into our performance management system. and universities and are engaged in sustainability- This monetized impact valuation also provides valuable related associations and working groups, such as input to identify material topics as part of the double the Conference Board’s Corporate Responsibility materiality analysis under the Corporate Sustainability and Sustainability Council, and we are an actively Reporting Directive. Starting with the 2025 昀椀nancial committed member of the UN Global Compact year, our external reporting will be enhanced Switzerland/Liechtenstein. by following the requirements of the European Supplier Sustainability: p. 31; Business Ethics: p. 56 Sustainability Reporting Standards, which were introduced under the CSRD.
2023 Sustainability Report Page 10 Page 12