Environment
Our commitment to the energy transition
By setting our climate neutrality target, we are positioning ourselves with our newly created Group subsidiary Iqony and our traditional power plant business as an active shaper and thus enabler of a successful energy transition in Germany. We are continuing to invest in the development of solutions to meet the challenges in the energy sector. The Steag subsidiary Iqony is cooperating with other companies to develop new renewable energy sources.
Our goal:
Social
Our employees and business partners
The long-term success of our company depends on our ability to attract, retain and motivate qualified employees. We therefore invest in the health and well-being of our employees. We promote equality and diversity, work-life balance, flexible working and the integration of severely disabled people into our workforce.
Diversity and anti-discrimination are integral parts of our corporate culture. We implement programmes aimed at promoting diversity.
- Involvement in networks to promote diversity, including the Diversity Charter and partnerships with universities
- Internal programmes to promote diversity and increase the proportion of women in management positions
Find out more about our health protection measures:
Further training and employee development
We want to prepare our employees as well as possible for current and future challenges and are constantly expanding our development opportunities
- Implementation of sustainable talent and skills management
- Personnel and management development programmes
- Securing young talent through the expansion of trainee and apprenticeship programmes
- Developing an employer brand and deriving initial HR marketing activities
Our business partners
We create added value and assume responsibility for our society and our environment through a consistent and cooperative supplier relationship. A modern purchasing organisation is of central importance to us in order to meet the requirements of the market. We therefore continuously adapt our procurement strategies to changing market conditions. We integrate sustainability criteria into our procurement decisions and take environmental impact, ethical standards and social responsibility into account.
Our due diligence obligations in the supply chain
The new Supply Chain Due Diligence Act (LkSG) further strengthens this responsibility. We fulfil this obligation and check our supply chains for potential risks to people and the environment. If we identify risks, we actively involve our employees and experts in human rights and environmental due diligence processes and develop preventative measures. Our Supplier Code of Conduct forms the basis for good and trusting cooperation.
Find out more about our measures in the supply chain:
Governance
Our ethical standards
We are aware of our social responsibility. Dealing lawfully and responsibly with each other and with our fellow human beings, customers and partners is of central importance to us for our corporate success and to ensure the trust of our employees and our customers and business partners.
The main components of our approach to promoting, implementing and ensuring ethical behaviour at Steag are the Compliance Management System and our Code of Conduct.
Our Code of Conduct sets out our standards for dealing with key behavioural issues such as bribery and corruption, fraud and conflicts of interest. As a participant in the UN Global Compact Initiative, Steag supports the implementation of the principles relating to human rights, labour standards, environmental protection and anti-corruption.
Respecting human rights
Our commitment to due diligence
Steag is committed to its human rights due diligence. In order to fulfil the requirements of the German Supply Chain Due Diligence Act (LKSG), we have defined procedures and implemented preventive measures. Among other things, we have published our declaration of principles for human rights, carried out an abstract risk analysis for our own business area and our supply chain and expanded our whistleblower system.
The Compliance department has also been appointed by the Management Board as the Human Rights Officer within the meaning of Section 4 (3) of the LkSG. Our reporting channels are available to all affected persons in the company and all partners along the supply chain to provide us with any human rights or environmental information.
Our sustainability guidelines:
