staKEHOLDER DIALOG
STAKEHOLDER ENGAGEMENT
We see sustainability and responsible conduct as being an ongoing cooperative process rather than a static state. We firmly believe that this process can only be successful and productive if we develop, monitor, and expedite it together with our employees, customers, business partners, and other OTTO FUCHS stakeholders. We therefore do not focus solely on our internal perspective when defining the key topics and strategic goals. Rather, it is important to us that we also involve the Group’s external stakeholders, listen to their opinions, and engage in regular and frank dialog with them. We consider this
dialog to be a fundamental prerequisite for our sustainable corporate governance.
STAKEHOLDERS AND DIALOG FORMATS
Our key stakeholders include our customers, suppliers, representatives from the fields of science and politics, trade unions, associations, nongovernmental organizations (NGOs), and the OTTO FUCHS employees and management. We use various dialog formats and activities to record the expectations that these stakeholders have of our company regarding social, environmental, and economic issues and to adequately take these into account. These include:
- Constructive and frank dialog with customers and suppliers, for example at the International Motor Show (IAA) in Frankfurt, Germany, or the International Paris Air Show (SIAE) in Le Bourget, France, by means of regular customer satisfaction surveys, and through our customer magazine inForm
- Direct and regular contact with external experts, development partners, and research communities, among other things in specialist workshops, specialist work groups, and partnerships
- Cooperations with research institutes and universities. One example is our long-standing partnership with RWTH Aachen University, on the basis of which OTTO FUCHS sponsored a lecture hall at the technical university in 2017, among other activities
- Active involvement in associations such as the German Aluminum Association (GDA), Germany’s massive forming association Industrieverband Massivumformung, and the initiatives Metalle pro Klima (Metals pro Climate) and Foundation 2° – German Businesses for Climate Protection (see box)
- Our internal communication on the intranet, publications such as the Fuchsbau magazine for OTTO FUCHS KG employees, feedback talks with our employees, and employee surveys
- Ad hoc and project-based talks with policymakers and nongovernmental organizations at the local, regional, state, and national levels