Page 19 - RAFI_ESG_20230919_eng

GOVERNANCE 19

(COGD) in 2017. Since 2019, we are represented on gence in the supply chain. This includes expanding
the COGD Board by our Life Cycle Manager. Within our supplier classification to include additional crite-
the COGD, which unites over 160 industrial compa- ria for environmental management, energy manage-
nies, component manufacturers, and distributors, we ment, and human rights. We will be incorporating
develop coordinated procedures for proactive obsoles- these criteria into the standard audits for our key
cence management. This will enable us to adapt prod- suppliers and strategic partners. We are committed
ucts and production processes at an early stage and to to supporting our suppliers in their development of
make alternatives available when components are dis- sustainable value creation. We also want to drive im-
continued. Our focus is on sustainable solutions that provements in this area. To further anchor aware-
counteract the accelerated discontinuation of compo- ness of these goals in our group, we have appointed
nents and materials. This involves anticipatory selec- a team at our Berg headquarters to be responsible
tion of materials and components that are as durable for sustainability in Purchasing. The team will coordi-
and permanently available as possible. That allows us nate actions in Berg before a planned rollout at our
to shape the conditions and structures for sustainable other locations. We will meet the requirements of the
obsolescence management in association with other new Supply Chain Act ahead of schedule by mid-2023
economic players. We can also make product develop- ( see 2.1.6). We are currently developing recycling
ment as a whole more environmentally friendly and re- and reuse concepts to sustainably reduce packaging
source-efficient. waste along the entire supply chain ( see 4.2).

2.2.4 Outlook and objectives 2.3 Social, local commitment in the region
Purchasing was previously organized independently GRI 413-1, 419 ] As a company with a rich tradition
by the individual RAFI companies. In accordance and deep roots in the region, we are committed to
with the ONE RAFI strategy, we will in the future social activities that go beyond our business opera-
manage purchasing centrally from the Berg location tions. That is why we above all make donations and
to improve coordination. We plan to revise our gen- engage in sponsorships at our locations to support
eral Purchasing Guidelines by mid-2023 so that it re- a variety of different regional projects, initiatives,
flects the requirements of the new law on due dili- and associations in the spirit of corporate social re-