THE FRAMAS WAY
FOR A WORLD
ANDREAS WOLF, MARTIN JACHMANN & PATRICK JANN
CEO · COO · CFO FRAMAS GROUP
dear framas family,
business partners and friends,
Welcome to the second sustainability report of the framas group!
It is with great pleasure that we can present our progress for the past year, which was full of global challenges but also significant developments in our sustainability efforts. As part of our responsibility towards a sustainable future, we increased our focus on establishing viable processes that would lay the foundation for our long-term initiatives and reporting.
While our first report was a baseline document, our central focus in 2022, and in the preparation of this report, was to further develop our management approaches on material topics. Through careful planning, we ensured that our efforts this year were aimed at deepening and advancing data management of respective topics and to enhance a widened consciousness of critical ecological and social aspects. Next year, we will work on more specific goals to create a clear roadmap.
To this end, we will continue to promote and deepen our group-wide communication and employee engagement to strengthen collaboration and emphasize the individual accountability of each team member. This is because we are convinced that true change is best achieved in an environment of shared commitment and networked efforts.
The focus is on climate-related issues in order to sustainably reduce emissions. For this reason, we have been working intensively on setting up our internal carbon accounting system. This will enable us to calculate not only the environmental footprint of our company and of our products. We firmly believe that taking a comprehensive view of all aspects of our actions is the key to an effective sustainability strategy.
Another important step is to promote further transparency within our supply chains. We are committed to learning more about the origins and pathways of our raw materials and inputs so that we can make responsible choices.
With this report, we not only want to give you insights into our efforts, but also offer inspiration and stimulation. We invite you to get inspired by our commitment and hope to receive valuable feedback from you.
We are proud of what we have accomplished in the past year and look forward to this new chapter with drive and enthusiasm. Many thanks to who accompany and support us on this journey.
COO FRAMAS GROUP
CEO FRAMAS GROUP
CFO FRAMAS GROUP
STAKEHOLDER DIALOG AND MATERIALITY ANALYSIS
OUR PROCESS TO DETERMINE MATERIAL TOPICS
Materiality analysis is a central process in sustainable corporate development that deals with the identification and evaluation of environmental aspects, social issues and economic factors that are of crucial importance to a company or have a significant impact on the surrounding.
For this purpose, we are in close contact with our most important stakeholder groups which enables us to make informed decisions and ensure that our actions align with the needs and expectations of our stakeholders.
In 2021, we started an internal process led by the Group Sustainability Manager and assessed our impacts on the economy, environment, and people, including impacts on their human rights in 2022. Through collaboration with internal departments and external experts, we identified our current and potential impact in those areas.
In accordance with the four-step process under GRI-3 2021, our initial focus was on understanding the organization’s context with regard to the social, economic, ecological and human rights-related areas of action. framas Group impact on the economy, environment and society, as well as the significance of that impact, was recorded as part of a structured process in seven workshops involving international representatives, the individual management teams and a number of relevant departments.
Pre-selected aspects and their impacts were first discussed in detail and then immediately evaluated on a scale of 1 (very low) to 6 (very high). In addition, we assessed the need to act in each case in order to record specific courses of action and to assign a valid ranking for the individual aspects.
Based on a mean score threshold of 4.3, aspects above this level were prioritized and reviewed for materiality in consultation with management. Some aspects with below-average impact were included based on their relevance for future developments. This led to the identification of nine material topics through clustering of aspects.
The results were presented to the shareholders’ meeting as the highest-ranking supervisory body and were adopted by the group management as the highest-ranking management body.
List of framas material topics
··· Long-term economic success
··· An attractive and responsible employer
··· Energy efficiency and climate protectio
··· Material use
··· Product responsibility
··· Sustainable supply chain
··· Protection of the environment
··· Occupational health and safety
··· Corporate citizenship
Regularly reassessing materiality in sustainability reporting is crucial for aligning with evolving challenges and stakeholder expectations. As part of the annual review process, framas conducted interviews with internal experts, considered customer trends and external factors. The assessment affirmed the ongoing significance of previously identified material topics for the company and stakeholders.
We encourage you to refer to page 27 of the sustainability report to receive further in-depth details of our sustainability report.
(as of Dec. 2022)
t CO2 e
(Scope 1 emissions)
t CO2 e
(Scope 2 emissions)