8. Incentive Systems

The company discloses how target agreements and remuneration schemes for executives and employees are also geared towards the achievement of sustainability goals and how they are aligned with long-term value creation. It discloses the extent to which the achievement of these goals forms part of the evaluation of the top managerial level (board/managing directors) conducted by the monitoring body (supervisory board/advisory board).

In addition to the monthly salary, our remuneration system also provides for a performance-related compensation in the form of a bonus system. At present, there is no specific consideration of sustainability aspects in our remuneration or bonus system, nor is this currently planned. Nevertheless, sustainability impulses are set with the aid of incentive systems through the integration of a so-called bonus-malus system in our company car guideline. This system favors vehicles with particularly low emissions and thus encourages company car drivers to switch to more environmentally-friendly vehicles.