Living up to our responsibility
Evonik is stepping up its corporate responsibility activities
- First extensive Corporate Responsibility Report published
- Global Reporting Initiative (GRI) confirms classification as application level B
- Evonik has joined the United Nations Global Compact
Evonik Industries AG today published its first extensive Corporate Responsibility Report showing how it accepts its responsibility for its business, its employees, society and the environment, even in periods of economic difficulty. The report is based on the guidelines issued by the Global Reporting Initiative (GRI), which are the internationally recognized standard for extensive sustainability reporting. GRI has confirmed that Evonik's first full report meets the criteria set for application level B, which is its second highest classification level.
Dr. Klaus Engel, Chairman of Evonik's Executive Board comments: "We will be consistently strengthening our dedication to corporate responsibility." As a step towards this, the company signed the United Nations Global Compact this summer. The aim of this voluntary global initiative is to foster social commitment in the corporate sector. Engel explains the reasons for joining the United Nations Global Compact: "As an industrial corporation with worldwide operations, we want to play our part in increasing the sustainability and fairness of the global economy.
We are therefore firmly committed to implementing the ten principles of the Global Compact." To assure this, Evonik introduced a Global Social Policy in summer 2009. This sets out the social standards to be applied by the Group worldwide. Evonik also makes a substantial contribution to sustainable development through its commitment to the chemical industry's Responsible Care program.
The Corporate Responsibility (CR) strategy introduced in fall 2008 established the basis for integrating sustainable, forward8looking conduct even more closely into all areas of the Evonik Group. Evonik's CR strategy takes up megatrends such as Energy Efficiency, Globalization & Demographic Change and Health & Wellness as well as ecological and social challenges. New business activities are developed on this basis, enabling Evonik to play a role in the sustainable development of society.
"The basic preconditions for that are our innovative ability, technological competence and good cooperation with customers," stresses Engel.
Evonik already offers its customers high8quality products and solutions that help reduce the consumption of natural resources, make more efficient use of energy, cut CO emissions and improve the quality of life.
Electric vehicles for sustainable mobility
One promising innovation from Evonik is the flexible ceramic membrane SEPARION®. This technology helps make large8scale lithium8ion batteries safer, more powerful and more durable, for example, for use in hybrid and electric vehicles that save resources. Together with Daimler, Evonik is preparing to start industrial8scale production of high8 performance batteries for autos and commercial vehicles. Serial production of electric and hybrid cars with Evonik technology is scheduled to start in 2012.
Efficient energy supply
Evonik also has proven technological expertise in the construction of hard8coal power stations. Its biggest investment project at present is the construction of a 790 MW power plant fired by hard coal in Duisburg8 Walsum (Germany). In 2010 Evonik and its partner, the Austrian energy and environmental services company EVN, will commission Europe's most advanced hard8coal power plant with efficiency of over 45 percent.
When operating at full capacity, this power station will require around 20 percent less fuel and emit around 20 percent less carbon dioxide than current hard8coal power stations of the same class.
Living in the community
Evonik's Real Estate Business Area is pioneering new developments as well. Multi8generation housing is a future8oriented concept that creates new community living structures as a response to demographic change. Evonik has already undertaken several projects in this field, which involved extensive consultation with tenants in the planning phase. Playgrounds, quiet zones and barrier8free housing are key elements in the multi8generation concept. The Corporate Responsibility Report "Living up to our responsibility" can be downloaded in the Internet at www.evonik.com/responsibility.
In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.
Evonik Industries AG
Evonik Industries is the creative industrial group from Germany which operates in three business areas: Chemicals, Energy and Real Estate. Evonik is a global leader in specialty chemicals, an expert in power generation from hard coal and renewable energies, and one of the largest private residential real estate companies in Germany. Our strengths are creativity, specialization, continuous self-renewal, and reliability. Evonik is active in over 100 countries around the world. In its fiscal year 2008 about 41,000 employees generated sales of about €15.9 billion and an operating profit EBITDA of about €2.2 billion.