Businesses around the globe – and, indeed, each one of us as a human being – are faced with fundamental challenges. Climate change, scarcity of resources, and the need to feed a growing population from shrinking arable land are just a few of them.
Amid all the uncertainties involved, one thing is for sure: No-one will be able to tackle these problems all alone. Instead, collaboration between stakeholders of all kinds is the only imaginable way of addressing the issues at hand. We at CABB want to play our part, by acting sustainably and helping our customers do so, too.
In this context, our Custom Manufacturing Business Unit published its first sustainability report in January 2020, promising to develop specific objectives and KPIs for managing sustainability going forward. I am delighted to say that an international, cross-functional team has made significant progress in this area over the past few months, which means we can now present this second edition to you.
We now have a global scorecard in place, helping us to track progress and address any shortcomings. We have established sustainability as a standing agenda item at our Executive Committee meetings as well as in the discussions with our Advisory Board. We have set out strategic targets in areas such as health, safety, and emissions; and we have added sustainability-related KPIs to our management bonus schemes. All this, I believe, demonstrates the seriousness with which we as a company are approaching the topic of sustainability. To further underline this commitment, we became a signatory to the UN Global Compact in October 2020.