SAF-HOLLAND affirms sustainable and responsible corporate governance by joining the UN Global Compact
SAF-HOLLAND affirms sustainable and responsible corporate governance by joining the UN Global Compact
Luxembourg, February 12, 2019 - The listed supplier for the trailer, truck and bus industries, SAF-HOLLAND S.A. ("SAF-HOLLAND") has joined the United Nations Global Compact, the world's largest initiative for responsible corporate governance. The signatories are guided by ten universal principles related to human rights, labor standards, environmental protection and corruption prevention. Today, roughly 13,000 companies and organizations worldwide are participating in this initiative.
SAF-HOLLAND's commitment to sustainability is based on the award-winning "Think Ahead" sustainability initiative. This initiative, launched in 2015, has become an integral part of the Group-wide sustainability concept at the SAF-HOLLAND Group and is comprised of the three pillars of people, energy and the environment. The various projects focus on increasing the sustainability of products and production processes and strengthening the Group's social commitment. In 2018, SAF-HOLLAND published its first sustainability report, which follows the guidelines of the Global Reporting Initiative.
"We have established an all-encompassing sustainability reporting system to ensure that the success of our sustainability concept and its contribution to corporate performance is made transparent. The Group companies acquired this and last year are also included in our key performance indicator system," explains SAF-HOLLAND's CFO, Dr. Matthias Heiden.
By joining the UN Global Compact initiative, SAF-HOLLAND, within the scope of its membership in the German Global Compact Network, has an opportunity to exchange views with other companies and gain valuable input for the continued development of its own sustainability strategy. SAF-HOLLAND will publish an annual progress report to give a comprehensive update on the implementation of this strategy.
"At SAF-HOLLAND, sustainability is an attitude. As a corporate citizen, we believe it's our duty to assume social responsibility and practice this in our day-to-day activities," explains SAF-HOLLAND's CEO Detlef Borghardt, adding: "The SAF-HOLLAND sustainability concept includes environmental and consumption-related goals in addition to our social commitment and corporate governance that is both sustainable and responsible."
The SAF-HOLLAND 2018 Sustainability Report will be published on April 30, 2019.
About SAF-HOLLAND
SAF-HOLLAND S.A., located in Luxembourg, is the largest independent listed supplier to the commercial vehicle market in Europe delivering mainly to the trailer markets. With sales of approximately EUR 1,139 million in 2017, the Company is one of the world's leading manufacturers and suppliers of chassis-related systems and components primarily for trailers, trucks, buses, and recreational vehicles. The product range comprises axle and suspension systems, fifth wheels, kingpins, and landing gear marketed under the brands SAF, Holland, Neway, KLL, V.Orlandi and York. SAF-HOLLAND sells its products to Original Equipment Manufacturers (OEM) on six continents. The Group's Aftermarket business supplies spare parts to the service networks of Original Equipment Suppliers (OES), as well as to end customers and service centers through its extensive global distribution network. SAF-HOLLAND is one of the few suppliers in the truck and trailer industry that is internationally positioned in almost all markets worldwide. With the innovation campaign SMART STEEL - ENGINEER BUILD CONNECT, SAF-HOLLAND combines mechanics with sensors and electronics and drives the digital networking of commercial vehicles and logistics chains. More than 4,400 committed employees worldwide are already today working on the future of the transportation industry.