THE FRAMAS WAY
FOR A WORLD
WORTH LIVING IN
COO FRAMAS GROUP
CEO FRAMAS GROUP
CFO FRAMAS GROUP
Dear reader, dear framas family, business partners and friends,
We are delighted to be able to present the framas Group’s very first Sustainability Report to you. The preparation of this report involved a large number of discussions both within and outside of framas. The motivating factor behind every one of these discussions was the consensus that we want to leave a positive footprint for the next generation.
So why do we want to adopt a holistic approach to sustainability? First, we believe that systematically pursuing the path we have carved out for ourselves, towards a future worth living in, is the right approach. This is what drives us. This affects our employees and our partners, who can rely on us to treat them fairly in line with our values and Code of Conduct. It affects our responsibility for the environment, which we are committed to protecting. And it affects the success of our business, without which there can be no innovation.
For decades now, framas has been a reliable partner for innovation, technology and tradition in the development of technical plastic components, tools, processes and products for the sports shoe industry.
As a family business, we focus on corporate development that is viable in the long run, combining economic interests with a secure and motivating working environment for our employees and top-notch solutions for our customers. We are determined to take our entire team on this journey with us, supporting young specialists and executives in their careers so that we can grow from within.
We believe that this puts us in a solid position to master the process of transformation and to create lasting value both today and going forward. As we see it, sustainable corporate development opens up huge opportunities in globalized markets. This goes hand-in-hand with improved corporate performance, as our moves to address new topics have clearly shown. We are operating in a fast-changing market environment and are constantly using specific projects to contribute to innovative solutions for our customers.
For us, innovation is also about working with new and more sustainable materials. We continue to invest in the ongoing development of plastics processing technology to ensure highly efficient manufacturing processes.
So is that all we want to do? Of course not, because we know that, as a company operating in the shoe and lifestyle industry, we are at the center of the social debate on resource efficiency, circular economy and climate neutrality, as well as human and employee rights issues.
From an environmental perspective in particular, we have a lot of work to do with raw materials that are largely fossil-based and with aspects relating to the circular economy at the end of the product life cycle. This is another area in which we are involved in close dialog with our customers and partners in a quest to use recycled or recyclable raw materials and, in turn, make shoes recyclable.
We have based the information set out in this Report on the latest reporting standards of the Global Reporting Initiative (GRI). To this end, we are engaged in ongoing dialog with our stakeholders, have identified our mate- rial topics, documented our management approaches and refined our Code of Conduct. We now plan to update this Report every year.
We are and remain your innovative partner – a partner that forges ahead reliably with innovation based on its long-standing experience and highly sophisticated technology. We would like to thank all of our partners for their trust and constructive collaboration, and our employees for the commitment they have shown in times that are challenging for all of us. We hope that you find this Report inspiring and thought-provoking and look forward to your feedback and, in particular, to your support.
COO FRAMAS GROUP
CEO FRAMAS GROUP
CFO FRAMAS GROUP
Process to determine material topics
framas Kunststofftechnik GmbH continuously seeks to engage with its core stakeholder groups: brands, shoe factories, suppliers, employees, banks, insurance companies, owners and investors, public authorities, policymakers, and the community in the region concerned. We are involved in regular dialog with our customers and suppliers regarding their expectations and opinions on general future developments, specific supply chain expectations and product-specific solutions.
Thanks to their work on various boards and committees and with different associations, management and department heads can tap extensive networks of experts. As a responsible employer and corporate partner, we maintain a structured dialog with our employees’ representatives.
We communicate regularly with our banks and insurance companies regarding sustainability topics. We communicate with our owners and investors as part of an institutionalized dialog process. We also remain in contact with local and regional representatives. These and other daily discussions have shown us that the public’s and companies’ interest in sustainable development issues has increased significantly.
In 2021, we implemented an in-house process managed by the Group Sustainability Officer. We consulted with our internal departments and external experts to identify our current and potential impact in the context of sustainability.
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 Kunststofftechnik GmbH’s 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.
Aspects for the dialog process were pre-selected on the basis of various sustainability-related frameworks. These include the ten principles of the UN Global Compact, the United Nations’ 17 Sustainability Development Goals (SDGs), the 20 criteria of the German Sustainability Code, the industry-specific SASB standards and, of course, the requirements set out in the GRI standards including sector-specific supplements.
The aspects to be addressed as a matter of priority were classified based on the mean value of all scores, 4.3. All aspects above this threshold were also reviewed for materiality in terms of their content in consultation with the management. We used questionnaires from various institutional sustainability performance service providers such as EcoVadis and customers’ Self-Assessment Questionnaires for this purpose. We tested the prioritization together with experts, information users and external ratings agencies in order to arrive at a well-founded list of framas Kunststofftechnik GmbH’s material topics. Out of the significant aspects shown below, the nine material topics were defined by clustering aspects by content. A number of aspects were included in the clustering of the nine material topics despite their impact being rated as lower than average, as the management considered them relevant for future developments.
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. The process resulted in the adjacent list of material topics for the framas Group. The aspects of data protection and information security, compliance, risk management and taxes are included in the General disclosures under “Ethics and compliance” and “Risk management”.
··· Long-term economic success
··· An attractive and responsible employer
··· Energy efficiency and climate protection
··· Material use
··· Product responsibility
··· Sustainable supply chain
··· Protection of the environment
··· Occupational health and safety
··· Corporate citizenship