Sustainability
PALFINGER takes into account the consequences of its operations along the entire value chain. To achieve this, PALFINGER proactively engages its stakeholders. The result is reflected in the following four sustainability areas: Responsible Employer, Eco-efficiency in Production, Sustainable Products, and Fair Business.
Sustainability Management
For PALFINGER, success is not only measured by financial key performance indicators (KPIs). In addition to a sound financial basis, the quality of its products and services, and its research and development activities, PALFINGER also relies on integrated sustainability throughout the entire company in order to guarantee stability for many years, to continue to act responsibly, to increase its earnings power, and to grow profitably.
Materiality analysis
In a materiality analysis carried out in 2017, the economic, social, ecological, and ethical aspects that are identified as material both internally and externally were defined in a multi-stage process. The current 13 most important sustainability topics from the materiality analysis are reviewed internally with regard to their significance on an annual basis.
Sustainability indicators and targets
All corporate key performance indicators (KPIs) in the non-financial category at PALFINGER are based on the results of the materiality analysis. Together with the KPIs from financial reporting, these key figures are fully integrated into the overall group-wide reporting. The required data is collected on a monthly or quarterly basis.
SUSTAINABILITY PROGRAM
The Executive Board works with other executives to define the corporate strategy, policies, and values. As part of the strategy process, the Executive Board ultimately also adopts the results of the materiality analysis as well as the sustainability program and targets. The individual measures that form PALFINGER’s sustainability program are broken down according to the four sustainability areas. They contribute to achieving the qualitative and quantitative goals and they support the Sustainable Development Goals (SDGs) that are relevant to PALFINGER.