Strategy
ESG is integrated into Bystronic’s strategy. We are focused on operationalizing sustainability as the way we do business. In 2021, we conducted a materiality assessment to identify the topics that are most relevant to our business. We developed impactful targets, from which we created our strategic framework. This ensures that ESG is integrated into our business strategy and executed decentrally across all departments and employees. In 2023, we were able to publish mid-term sustainability targets, including a commitment to Science Based Targets supported by our net-zero roadmap.
Our approach to Sustainability
Bystronic ESG performance management system
Materiality Matrix
Throughout its value chain, Bystronic faces a wide range of issues related to sustainability. To prioritize the most crucial topics and establish a basis for our future strategic direction, we conducted a thorough update of our materiality assessment. The six materiality topics align with the latest GRI standards.
Ambitions and Framework
The foundation of our framework rests on three pillars, which we believe will make the biggest difference. These pillars are a representation of our actions in ESG.
In 2021, we conducted a materiality assessment to identify the topics that are most relevant for our business. We developed impactful ambitions out of which we created our strategic framework. This ensures ESG is integrated in our business strategy and executed decentrally via all departments and employees.
In 2023, we were able to publish mid-term sustainability targets including the commitment to the Science Based Targets supported by our net-zero roadmap.
UN Sustainable Development Goals (SDGs)
Bystronic is fully committed to supporting the United Nations Sustainable Development Goals and the Agenda 2030. In order to identify the goals that we can have the greatest impact on through our strategy, technologies, and competencies in innovation, we have established frequent engagement opportunities with different stakeholder groups.
ESG Organizational governance
Sustainability is an integral part of our strategy. The Board of Directors oversees and steers our ESG strategy. From there, it is cascaded through the executive management committee and executed by each functional team. In addition, the cross-functional Sustainability Council drives new initiatives throughout the organization.
Stakeholder Engagement
We foster mutually beneficial relationships with all our stakeholders by prioritizing their needs and concerns. This approach allows us to facilitate meaningful and productive discussions with those who will be impacted by our actions. We maintain ongoing communication and actively seek input from various stakeholder groups regarding sustainability issues.
