PALFINGER takes into account the consequences of its operations along the entire value chain, not just for the company itself but also for the environment and society. 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.
For PALFINGER, success is not only about financial results. In addition to a solid financial basis, the quality of products and services, as well as research and development, PALFINGER relies on integrated sustainability throughout the entire company to ensure stability for many years to come, to continue to act responsibly, to increase earning capacity, and to grow profitably.
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. An internal review of the significance of the 13 currently most important sustainability topics identified in the materiality analysis is conducted every year.
SUSTAINABILITY INDICATORS AND TARGETS
All corporate key performance indicators (KPIs) in the non-financial category at PALFINGER are defined on the basis of the results of the materiality analysis. These indicators are fully integrated into the overall Group-wide reporting. The required data is collected on a monthly or quarterly basis.
The Executive Board works with other executives to define the corporate strategy, policies, and values. The Executive Board establishes the sustainability program and targets on the basis of the materiality analysis. The program’s actions are broken down according to the four sustainability areas. They contribute to achieving the qualitative and quantitative targets and support the Sustainable Development Goals (SDGs) that are relevant to PALFINGER.