Strategy and Management

Enabling sustainable progress

Enabling sustainable progress

We view sustainability in all its aspects as an integral constituent of our entrepreneurial activities.  


 

SUSTAINABILITY AS PART OF OUR FOUNDING PURPOSE

 

Since our foundation in 1866, we have committed ourselves to enabling progress by protecting people, the environment, and assets from technology-related risks. We already inspire trust and credibility in the safety and effectiveness of sustainable technologies, processes, products, and systems. We aim to take our role as partner of choice for our customers into the future, addressing future-facing topics such as decarbonization, circular economy, and implementation of responsible business practices in both the physical and digital worlds.  

Our specific corporate structure guarantees independence and impartiality. At the helm of the TÜV SÜD Group is TÜV SÜD AG, headquartered in Munich. The management holding company oversees the Group’s global subsidiaries. The economic owners of the TÜV SÜD shares are TÜV SÜD e.V., Munich, and the TÜV SÜD Foundation, Munich. Read more about our corporate structure here
.

 

OUR STRATEGIC APPROACH

 

Our corporate strategy, “The Next Level. Together.” takes us up to 2025 and is designed to open the door to the next level of our company’s development. New trends and developments, driven in particular by digital technologies, offer additional opportunities, both for us and for our customers. We thus pursue four strategic angles in order to exploit this potential: 

  1. Establish excellence and efficiency in our services, distribution, and processes, and excellence in our employees. 
  2. Reinvent TIC core business and develop standards for new fields of technology.  
  3. Offer technical advisory services and platforms for exchanging knowledge and experience throughout our business, as digital and customer-centric services.
  4. Scale up internationalization. 

Guided by this corporate strategy, we continue to drive the systematization of our sustainability activities. Against this backdrop, in 2021 we undertook a materiality analysis to review and, where necessary, expand our fields of action. In the process, we have honed the content of our existing areas of action. 

fields of action 

 

STAKEHOLDER SURVEY AND MATERIALITY ANALYSIS

 

Our materiality analysis is based on an extensive stakeholder survey, conducted in the first six months of 2021 and delivering a broad picture of the opinions of our employees and executives, key accounts, and selected experts from the worlds of academia, auditing, and professional and industry associations. A total of 529 respondents gave their views. A business environment and corporate analysis delivered further results. The topics of “Quality & trust,” “Qualified employees,” and “Compliance & integrity” were the highest priorities for all stakeholders.

 

materiality matrix 

 

SUSTAINABILITY MANAGEMENT

 

As part of a Group-wide project coordinated by the Corporate Sustainability Representative (CSR) of the Board of Management and including the heads of the corporate functions of TÜV SÜD Group, the 2020-established Sustainability Committee is laying the foundations for a targeted approach and Group-wide reporting on the subject of sustainability. This includes analysis and evaluation of the main fields of action, involving key stakeholders, as well as definition of goals, targets, and performance indicators. The Board of Management recently also defined the ambition levels and goals for the individual fields of action and drew up concrete action plans for achieving them. Management of this process is based on specific non-financial key performance indicators (KPIs).  

The corporate functions and regions support implementation of the required actions and develop individual activities for achieving the goals and targets. In 2021, numerous policies for these purposes were harmonized or established at Group level, including TÜV SÜD’s new
 Supplier Code of Conduct as well as many policies in the field of Human Resources. 

 

 

STAKEHOLDER DIALOGUE

 

Systematic and ongoing dialogue with our internal and external stakeholders drives a constant flow of fresh impetus, both in daily routine business and in the long-term course of our business activities. Here are some of the formats we use:

Bước tiếp theo

Chọn vị trí