Economic, environmental and social responsibility

Corporate Responsibility includes economic, environmental and social responsibility.

Economic responsibility

Econimic responsibility includes, among other things, ensuring the profitability, competitiveness and efficiency of the business. It is clear that an organization can only take care of its social and environmental responsibility if its financial performance is good. Risk management is part of financial responsibility. Well-managed risk management reduces unpleasant surprises, increases financial stability and improves the ability to assess the development of profitability. In financial responsibility, it is important to note the potential financial risks of current policies in the future.

Environmental responsibility

Environmentally responsible activities include, for example, combating climate change, protecting water, air and soil, and using natural resources sparingly. From the point of view of environmental responsibility, logistics must be managed as economically, systematically and as appropriate as possible. The environmental perspective can be taken into account by emphasizing ecological sustainability and life-cycle thinking, for example. In this case, procurement considers the environmental impact of the raw material, manufacture, consumption and reuse or disposal of the product or service.

For example, reducing transportation can save both costs and the environment. Transportation can be reduced, for example, by rationalizing the ordering rhythm and developing storage solutions. Logistics centers also strive for environmental friendliness. For example, a hybrid plant utilizes geothermal energy and thus, for example, the heating of a warehouse can be taken care of with the help of geothermal energy, wood pellets and oil. In summer, cooling can also be done with ground heat.

Social responsibility

The most difficult aspect of corporate social responsibility to define is social responsibility. The European Commission includes innovations in areas such as occupational health, education and lifelong learning.

Social responsibility includes, in particular, matters relating to working life, personnel and society. These include staff well-being and competence, working conditions, product safety and good practice.