Describe your business model (including type of company, products / services)
Gigaset AG, Bocholt, is an internationally active company in the field of communications technology. The company is Europe’s market leader for DECT telephones. The main production facility for DECT telephones is located in Bocholt, Germany. The operating business is mainly conducted by Gigaset Communications GmbH, a wholly-owned subsidiary of Gigaset AG, in Bocholt. The premium vendor with around 900 employees and sales activities in more than 56 countries of the world also holds a leading worldwide position. Besides DECT telephones, the company’s business activities also include a smartphone portfolio, cloud-based smart home security services and business telephony solutions for small and medium-sized enterprises.
Gigaset AG is listed in the Prime Standard segment of the German Stock Exchange and is therefore required to observe the highest transparency requirements.
In accordance with Section 315b para. 1 in conjunction with para. 3 HGB (German Commercial Code), Gigaset AG is exempt from the requirement to include a non-financial declaration in its Group management report because the company prepared a separate non-financial Group report for the 2020 financial year outside of the management report. In accordance with Section 315b para. 3 HGB in conjunction with Section 289d HGB, Gigaset AG hereby declares that it applies the German Sustainability Code as a recognized framework for the preparation of the non-financial Group report.
Sustainable activity is especially important for Gigaset AG and its subsidiaries, especially Gigaset Communications GmbH (referred to hereinafter as “Gigaset”). Gigaset wants to permanently assume responsibility for all its activities and pay due consideration to social concerns, employee concerns, environmental concerns, respect for human rights and combating corruption and bribery in its business activities. To make it possible to compare itself also directly with other companies in this regard, Gigaset has been evaluated regularly since 2014 by the external institution EcoVadis, most recently in the 2021 financial year. In particular, EcoVadis evaluates environmental protection, work conditions, the respect of human rights, fair business practices and sustainable procurement, as well as ethics, particularly including combating corruption and bribery. In all these areas, EcoVadis evaluates the company’s policies, measures implemented and results achieved. Prestigious customers of Gigaset, including large telecommunications providers in Europe that attach importance to working with especially responsible suppliers with sustainable business practices, place their confidence in the evaluation results of EcoVadis. Gigaset achieved the “Gold” status in 2019, meaning that it achieves well above-average scores in the evaluated categories, also compared to other manufacturers of communications devices.