Driving a cleaner, more sustainable world
Sustainability is at the heart of our business strategy and our corporate purpose. It runs through the sourcing decisions we make, the environment we create for our people, the way we engineer our products and manage our manufacturing operations, and our work to support our local communities. We have a long history of embedding sustainability into every aspect of our company and we are committed to operating ethically and responsibly to protect and enhance the long term sustainability of our people, business and the industry.
Markus Bannert, GKN Automotive, CEO
Our sustainability strategy
In 2021 we created the sustainability strategy to provide a new framework for the company to coordinate our existing sustainability activities. We engaged with our key stakeholders, undertaking a materiality assessment in accordance with best practice principles, to ensure that we address our highest priority impacts. Our strategy also aligns to six UN Sustainable Development Goals.
With a strong foundation of ethics, compliance, and safety in place, we have four areas of focus that shape our work with our people, customers and suppliers, and the communities in which we operate.
Our CEO and Executive Team have closely led the development of our robust strategy. Each of our four focus areas is sponsored by one of the Executive Team, who are accountable for the delivery of our objectives and targets, providing strong governance and reporting performance. Our Sustainability Steering Committee, chaired by our Chief Communications and Sustainability Officer, meets monthly to oversee the delivery of our strategy.
Our full performance is outlined in our first standalone sustainability report, Innovating for Change, which provides our progress against key targets and our commitment to continue reporting on our progress.
We have been awarded a Silver EcoVadis rating for our sustainability performance. EcoVadis is a globally-recognised sustainability assessment and benchmarking platform, which rates businesses on four key categories: Environment, Labour and Human Rights, Ethics and Sustainable Procurement. This year’s score marks an improvement on last year and places us in the top 3% of respondents in our category. In particular, the publication of our first Sustainability report, as well as the implementation of other measures, has contributed to our improved score. Still, we know there is much more we can do to further improve our sustainability performance.