The company states how and what performance indicators related to sustainability are used in its regular internal planning and control processes. It discloses how suitable processes ensure reliability, comparability and consistency of the data used for internal management and external communication.
We have chosen the following KPIs to measure and monitor our sustainability targets:
1) Realized decarbonization effects until 2032
2) Employee satisfaction and retention
3) Share of women in management positions
4) Lost time injury frequency rate (LTIFR) per 1 Million hours worked
5) Fines for compliance & operational breaches, target zero
6) Share of License & royalty income
Non-financial KPIs which include sustainability targets are part of the variable executive compensation. As such the general compensation system is approved by the annual general meeting, monitored by the supervisory board and reported within the annual report. In addition, we will publish regular updates to our inaugural sustainability report and an annual UN Global Compact COP.
Our supervisory board advises and monitors our sustainability processes as part of the business and strategic planning.