As a company that is largely owned by the state of Baden-Württemberg, we are committed to the long-term interests of society. That is why our managers measure themselves by hard numbers – not only in financial terms, but also environmentally and socially. Their decisions must meet ever higher sustainability standards in order to be approved.
We are increasingly linking the remuneration of the members of our Board of Management and top executives to sustainability criteria and the same goes for our investments and borrowing: In the period from 2018 to 2021, we issued “green” bonds with a total volume of 2.5 billion euros to invest in climate-friendly technologies and we are expanding their share to 50 percent by 2025. Furthermore, we are keeping an eye on the long-term success of the company by actively managing climate risks and opportunities.
Ultimately, however, our success depends entirely on the people within our company. Our top priority is to create and maintain attractive jobs for them, enabling them to play their part in the sustainable development of the business. Tolerance and diversity are not mere buzzwords for us in this regard. Since 2012, we have specifically increased the proportion of women in our management positions by more than two thirds.