Autoneum Archives - SustainCase - Sustainability Magazine Insights on how you can protect the environment, maintain and increase the value of your company, through a structured CSR/Sustainability process with the use of the GRI Standards. Learn how Today's Best-Run Companies are achieving Economic, Social, and Environmental Success - and How You Can Too... Mon, 15 Jul 2024 06:03:43 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 Case study: How Autoneum creates economic value for its stakeholders https://sustaincase.com/case-study-how-autoneum-creates-economic-value-for-its-stakeholders/ Mon, 15 Jul 2024 06:03:02 +0000 https://sustaincase.com/?p=19349 Autoneum is the global market and technology leader in acoustic and thermal management for vehicles, providing components and systems for the entire vehicle. This case study is based on the 2021 Corporate Responsibility Report by Autoneum, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing. Abstract Creating, through its business operations, long-term value for all its stakeholders, is […]

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]]> Autoneum is the global market and technology leader in acoustic and thermal management for vehicles, providing components and systems for the entire vehicle. Autoneum seeks to build lasting ties with its stakeholders, generating sustainable value for all.  Tweet This!

This case study is based on the 2021 Corporate Responsibility Report by Autoneum, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Layout 1

Abstract

Creating, through its business operations, long-term value for all its stakeholders, is a top priority for Autoneum. In order to create economic value for its stakeholders Autoneum took action to:

  • create economic value for employees
  • create economic value for the state
  • create economic value for shareholders

What are the material issues the company has identified?  

In its 2021 Corporate Responsibility Report Autoneum identified a range of material issues, such as anti-corruption, emissions, occupational health and safety, effluents and waste, non-discrimination. Among these, creating economic value for its stakeholders stands out as a key material issue for Autoneum.

Stakeholder engagement in accordance with the GRI Standards              

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups Autoneum engages with:

To identify and prioritise material topics Autoneum engaged with its stakeholders through the following channels: 

Stakeholder Group                Method of engagement
Employees ·      Dialog between employees and managers

·      Employee engagement surveys

·      Idea management

·      Intranet

·      Digital collaboration platforms
Customers ·      Development process of products and services

·      In-house fairs at customer premises

·      Media

·      Social media
Financial community ·      Shareholder meetings

·      Dialog with financial institutions and analysts

·      Investor days
Research ·      Cooperation with universities

·      Scientific lead or participation at conferences

·      Hosting of students on R&T projects
Media & public

 

 ·      Communication through media events

·      Publications

·      Advertising

·      Social media and websites
Local communities

 

 

 ·      Community engagement projects

·      Plant visits

·      Neighborhood dialog

·      Open-door events

·      One-on-one dialog with local official representatives
Civil society

 

 ·      Inquiries

·      Collaboration projects

·      Memberships
Industry associations

 

 ·      Memberships in various organisations

·      Event hosting

·      Participation in working groups

What actions were taken by Autoneum to create economic value for its stakeholders?

In its 2021 Corporate Responsibility Report Autoneum reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In 2021, Autoneum paid CHF 9 million in employee expenses.
  • Creating economic value for the state
  • In 2021, Autoneum paid CHF 3 million in income taxes.
  • Creating economic value for shareholders
  • In 2021, Autoneum paid CHF 8 million to shareholders.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standard addressed in this case is: Disclosure 201-1 Direct economic value generated and distributed

Disclosure 201-1 Direct economic value generated and distributed corresponds to:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.

References:

This case study is based on published information by Autoneum, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:

https://www.autoneum.com/wp-content/uploads/2022/06/Autoneum_CR_Report_2021-3.pdf

Note to Autoneum: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How Autoneum creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Autoneum promotes sustainability among its suppliers https://sustaincase.com/case-study-how-autoneum-promotes-sustainability-among-its-suppliers/ Wed, 21 Sep 2022 06:08:17 +0000 https://ccprowebs.com/new-sustaincase.com/?p=14099 Autoneum is the global market and technology leader in acoustic and thermal management solutions for vehicles and a partner for light vehicle manufacturers around the world. , working together with suppliers on improving their environmental, social and ethical performance. This case study is based on the 2020 Corporate Responsibility Report by Autoneum, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) […]

The post Case study: How Autoneum promotes sustainability among its suppliers appeared first on SustainCase - Sustainability Magazine.

]]> Autoneum is the global market and technology leader in acoustic and thermal management solutions for vehicles and a partner for light vehicle manufacturers around the world. Autoneum is committed to continuously increasing the transparency of its supply chain  Tweet This!, working together with suppliers on improving their environmental, social and ethical performance.

This case study is based on the 2020 Corporate Responsibility Report by Autoneum, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Abstract

Autoneum pursues the same values and principles in its supply chain as it does within its own boundaries, seeking, by sourcing responsibly, to fulfill the expectations of both its customers and end consumers. In order to promote sustainability among its suppliers Autoneum took action to:

  • implement a Code of Conduct for Suppliers
  • assess suppliers
  • promote material compliance

What are the material issues the company has identified?

In its 2020 Corporate Responsibility Report Autoneum identified a range of material issues, such as economic performance, anti-corruption, effluents and waste, occupational health & safety, diversity & equal opportunity, socio-economic compliance. Among these, promoting sustainability among its suppliers stands out as a key material issue for Autoneum.

Stakeholder engagement in accordance with the GRI Standards              

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups Autoneum engages with:

To identify and prioritise material topics Autoneum engaged with its stakeholders through the following channels:

Stakeholder Group                Method of engagement
Employees ·      Dialog between employees and managers

·      Satisfaction surveys

·      Idea management

·      Intranet

·      Digital collaboration platforms
Customers ·      Development process of products and services

·      In-house fairs at customer premises

·      Media

·      Social media
Financial community ·      Shareholder meetings

·      Dialog with financial institutions and analysts
Research ·      Cooperation with universities

·      Scientific lead or participation at conferences

·      Hosting of students on R&T projects
Media & public

 

 ·      Communication through media events

·      Publications

·      Advertising

·      Social media and websites
Local communities

 

 

 ·      Community engagement projects

·      Plant visits

·      Neighborhood dialog

·      Open door events

·      One-on-one dialog with local official representatives
Civil society

 

 ·      Inquiries

·      Collaboration projects

·      Memberships
Industry associations

 

 ·      Memberships in various organisations

·      Event hosting

·      Participation in working groups

What actions were taken by Autoneum to promote sustainability among its suppliers?

In its 2020 Corporate Responsibility Report Autoneum reports that it took the following actions for promoting sustainability among its suppliers:

  • Implementing a Code of Conduct for Suppliers
  • Autoneum requires all suppliers to commit to and operate in accordance with its Code of Conduct for Suppliers, and to comply with all applicable laws and regulations. The Code of Conduct for Suppliers defines key principles in the following areas: human and labour rights, health and safety, the environment, material compliance and business ethics.
  • Assessing suppliers
  • In the case of its most business-critical suppliers, Autoneum conducts a Supplier Quality Assessment (SQA), an internal audit mechanism that assesses a variety of factors related to quality, health and safety, and the environment. As part of the commitments made in the Advance Sustainability Strategy 2025, Autoneum checks its procurement management framework annually against the requirements of the ISO 20 400 Guidance for Sustainable Procurement. Based on the results, Autoneum implements an action plan to close the identified gaps on an ongoing basis. Additionally, Autoneum has a sustainability risk analysis mechanism in place that focuses on its ten Global Material Families. According to this analysis, there is a potentially higher occurrence of environmental, social and ethical risks in the supply chains of five key materials. For these, Autoneum has identified the top suppliers in terms of business volume with Autoneum, totalling around 80 across all Business Groups. In 2020 these suppliers were invited, for the second consecutive year, to conduct a sustainability self-assessment via a supplier assurance platform, developed specifically for automotive supply chains. The assessment evaluates the environmental, social and compliance management system of suppliers based on a detailed questionnaire and attached evidence.
  • Promoting material compliance
  • Autoneum’s material compliance team is responsible for developing processes and tools that ensure the materials purchased and used in its products conform with both legal and customer requirements. Material compliance is essential to protect the health and safety of the end consumers who drive cars equipped with Autoneum components. Autoneum recorded no incidents concerning the health and safety impacts of its products during the reporting year and uses the best practice Compliance Process Manager tool to ensure supplier compliance with material specifications and thresholds defined by legal regulatory frameworks such as REACH10 and GADSL11, as well as those specified by automobile manufacturers. The tool allows Autoneum to maintain a comprehensive database of these requirements and helps it and its suppliers to monitor any changes in a single platform.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standards addressed in this case are:

1) Disclosure 308-1 New suppliers that were screened using environmental criteria

2) Disclosure 414-1 New suppliers that were screened using social criteria

 

Disclosure 308-1 New suppliers that were screened using environmental criteria does not correspond to any SDG.

Disclosure 414-1 New suppliers that were screened using social criteria corresponds to:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.
References:

This case study is based on published information by Autoneum, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:

https://www.autoneum.com/wp-content/uploads/2021/06/Autoneum_CR_Report_2020-1.pdf

Note to Autoneum: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How Autoneum promotes sustainability among its suppliers appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Autoneum promotes compliance https://sustaincase.com/case-study-how-autoneum-promotes-compliance/ Wed, 11 Dec 2019 13:15:43 +0000 https://ccprowebs.com/new-sustaincase.com/?p=10241 With 55 production facilities worldwide, Autoneum is the market and technology leader in acoustic and thermal management solutions for the global automotive industry. Accordingly, it is Autoneum’s strategic commitment to further strengthen its compliance framework, deepening the integration of compliance principles in the company’s culture. This case study is based on the 2018 Corporate Responsibility Report by Autoneum published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on […]

The post Case study: How Autoneum promotes compliance appeared first on SustainCase - Sustainability Magazine.

]]> With 55 production facilities worldwide, Autoneum is the market and technology leader in acoustic and thermal management solutions for the global automotive industry. Autoneum seeks to be a good corporate citizen, maintaining, consistently, high legal and ethical standards.  Tweet This! Accordingly, it is Autoneum’s strategic commitment to further strengthen its compliance framework, deepening the integration of compliance principles in the company’s culture.

This case study is based on the 2018 Corporate Responsibility Report by Autoneum published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Abstract

All Autoneum employees not only abide by applicable international and local laws and regulations but also act in line with Autoneum’s values, principles, the Code of Conduct and other internal regulations and directives. All employees have to sign the Code of Conduct as part of their employment contract, and must comply with the provisions stipulated therein. In order to promote compliance Autoneum took action to:

  • implement a Code of Conduct
  • enable stakeholders to report compliance incidents
  • strengthen employee awareness of compliance-related topics

What are the material issues the company has identified?

In its 2018 Corporate Responsibility Report Autoneum identified a range of material issues, such as economic performance, effluents and waste, occupational health & safety, diversity & equal opportunity, anti-corruption. Among these, promoting compliance stands out as a key material issue for Autoneum.

Stakeholder engagement in accordance with the GRI Standards              

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups Autoneum engages with:

Stakeholder Group                Method of engagement
Employees ·      Dialog between employees and managers

·      Satisfaction surveys

·      Idea management

·      Intranet

·      Digital collaboration platforms
Customers ·      Development process of products and services

·      In-house fairs on customer premises

·      Media

·      Social media
Financial community ·      Shareholder meetings

·      Dialog with financial institutions and analysts
Research ·      Cooperation with universities

·      Scientific lead or participation at conferences

·      Hosting of students on R&T projects
Media & public

 

 ·      Communication through website

·      Publications

·      Advertising

·      Social media and media events
Local communities

 

 

 ·      Community engagement projects

·      Plant visits

·      Neighborhood dialog

·      Open door events

·      One-on-one dialog with local authority representatives
Civil society

 

 ·      Inquiries

·      Collaboration projects

·      Memberships
Industry associations

 

 ·      Memberships in various organisations

·      Event hosting

·      Participation in working groups

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Autoneum engaged with its stakeholders through a workshop, where their perspectives were systematically collected.

What actions were taken by Autoneum to promote compliance?

In its 2018 Corporate Responsibility Report Autoneum reports that it took the following actions for promoting compliance:

  • Implementing a Code of Conduct
  • The Code of Conduct, which all employees have to sign, is the centrepiece of Autoneum’s compliance policy framework. It describes Autoneum’s commitment to complying with relevant international and local laws and regulations, defines the fundamental rules of employee conduct and helps to cultivate business relationships that are based on the principles of truth and honesty. Autoneum suppliers have to abide by the Code of Conduct for Suppliers, which is an integral part of all supplier agreements and contains rules of conduct pertaining to labour and human rights, health and safety, the environment, material compliance and business ethics. In 2018, Autoneum expanded its compliance policy framework to include two new directives. The Anti-Bribery & Corruption Directive gives a general overview of bribery and corruption risks and defines the principles and rules of behaviour employees must follow in critical situations. In addition, in conformity with the European General Data Protection Regulation (GDPR), Autoneum has adopted a Data Protection Directive, which describes the key elements of data protection, the privacy rights of employees and the rules of data processing and control. The Directive is enforced by the Data Protection Officer and his deputies who have been appointed in each Business Group.
  • Enabling stakeholders to report compliance incidents
  • Autoneum operates a global Speak Up Line, which enables employees, customers, suppliers and all other external stakeholders throughout the world to report violations of the Code of Conduct and other regulations securely, confidentially and, if preferred and legally allowed, anonymously. The Speak Up Line is another option that has been added to Autoneum’s existing internal channels (i.e. reporting incidents to a superior, the Human Resources department or the Legal & Compliance department). In 2018, 43 reports were raised, the majority of them via the Speak Up Line. If allegations were confirmed or substantiated, Autoneum has taken appropriate action to remedy these. In 2018 there were no legal actions pending or completed regarding anti-competitive behaviour and violations of anti-trust legislation in which Autoneum was identified as a participant.
  • Strengthening employee awareness of compliance-related topics
  • In 2018, Autoneum implemented a variety of measures to strengthen employee awareness of compliance-related topics, continuing its mandatory Code of Conduct training programme. Overhead staff were trained via e-learning sessions, reaching a completion rate of 95%, which is in line with the Advance Sustainability target. Operators without computer access were trained in classroom training sessions carried out in plants, with a completion rate of approximately 85%. Additionally, Autoneum rolled out e-learning campaigns on topics that are relevant only for certain segments of the population. These included GDPR (completion rate: 97.6%), Protecting and Handling Data (97.1%), Cybercrime Awareness (96.4%), Preventing Phishing (97.3%) and Physical Security (95.2%). The Legal & Compliance department also conducted a worldwide poster campaign, to raise staff awareness of the Speak Up Line.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standards addressed in this case are:

1) Disclosure 205-2 Communication and training about anti-corruption policies and procedures

2) Disclosure 205-3 Confirmed incidents of corruption and actions taken

3) Disclosure 206-1 Legal actions for anti-competitive behavior, anti-trust, and monopoly practices

4) Disclosure 419-1 Non-compliance with laws and regulations in the social and economic area

 

Disclosure 205-2 Communication and training about anti-corruption policies and procedures corresponds to:

  • Sustainable Development Goal (SDG) 16: Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
  • Business theme: Anti-corruption

Disclosure 205-3 Confirmed incidents of corruption and actions taken corresponds to:

  • Sustainable Development Goal (SDG) 16: Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
  • Business theme: Anti-corruption

Disclosure 206-1 Legal actions for anti-competitive behavior, anti-trust, and monopoly practices corresponds to:

  • Sustainable Development Goal (SDG) 16: Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
  • Business theme: Compliance with laws and regulations

Disclosure 419-1 Non-compliance with laws and regulations in the social and economic area corresponds to:

  • Sustainable Development Goal (SDG) 16: Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
  • Business theme: Compliance with laws and regulations

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.

 

References:

1) This case study is based on published information by Autoneum, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original, please revert to the original on the Global Reporting Initiative’s Sustainability Disclosure Database at the link:

http://database.globalreporting.org/

2) https://www.globalreporting.org/standards/gri-standards-download-center/

Note to Autoneum: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How Autoneum promotes compliance appeared first on SustainCase - Sustainability Magazine.

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