Finding 5
“ I find that Corporate Citizenship is no longer driven philanthropically to the same extent , but rather by core competencies . We often ask ourselves : What value are we adding ?”
Often , the answers to both questions overlap , e . g . when pollutant emissions result in stricter regulation or when violation of human rights in the supply chain negatively influences consumers ’ purchasing decisions . Almost all DAX companies now conduct materiality analyses because these play a central role in all important ESG standards ( GRI , SASB , TCFD , etc .).
Covestro is an example of a company that has focused its Corporate Citizenship on key Environmental issues . From having a presence in various forums and funding university and school programmes to employee volunteering , a large part of Covestro ’ s corporate activities takes place in the area of the circular economy , which the company has set as a goal in its core business as well as its sustainability undertakings .
In the social sphere , some DAX companies are also increasingly relying on Corporate Citizenship instruments to cushion their externalities . This plays an especially important role in the debate about human rights and working conditions in the supply chain . A prime example is Daimler ’ s partnership with the NGO Bon Pasteur , which focuses on the improvement of living conditions ( especially for women and children ) in the context of cobalt mining in the Democratic Republic of Congo . Other examples for a focus on material Social issues include the medical focus of Bayer , Merck and Fresenius Medical Care , the risk awareness and health insurance focus of Munich
RE , the textile supply chain focus of Zalando and the technology access focus of Siemens and Siemens Energy . This concentration on materiality issues creates material solutions for a company ’ s own sustainability problems . It increases the resilience of value chains and business models , reduces reputational risks arising from damage claims , improves stakeholder relations and brings companies into line with state regulatory policy . As a test lab , Corporate Citizenship can provide companies with expertise and insights
Focus on material issues
13 + 59 + 28 + w
28 %
59 %
13 %
Exclusive focus on material issues
Partial focus on material issues
No focus on material issues
30