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We are also working on a variety of cost reduction initiatives, including engineering improvements and process changes in our production facilities.
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The association is a non-profit organization established in 1993, which promotes collaboration and cooperation among its members.
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We are committed to reducing the environmental impact of our activities and products, and our aim is to operate as an environmentally responsible company.
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The Company is fully committed to ensuring that its employees are treated equally, irrespective of gender, ethnic origin, disability, marital status, political opinion, nationality, religion, sexual orientation or age.
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The board of directors is responsible for approving the general policies of the Company and for overseeing the management thereof.
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A 'sustainable procurement' policy and supporting procedures were developed.
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The Best Management Practices (BMPs) are mandatory requirements set by the Basel Committee on Banking Supervision (BCBS).
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A high carbon intensity of electricity supply may be a factor in the choice of location.
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The Company is in the process of developing a Water Conservation Policy, which is expected to be completed during the current fiscal year.
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We are also working to reduce energy consumption in our data centers and to increase the energy efficiency of our products.
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An independent report on the Company's corporate governance in relation to the prevention and detection of fraud and other irregularities was published in March 2010.
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In 2011 the Group implemented a new sustainability strategy, entitled "From Stagnation to Growth".
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The Group is subject to a range of regulatory requirements and the continued maintenance of our regulatory compliance is a key management focus.
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In any situation of systemic or significant non-compliance with laws and regulations, there is a risk that the Group could suffer financial loss, incur penalties or other sanctions, or be required to cease conducting business.
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The Group is committed to upholding the highest standards of corporate governance, which are fully integrated into its culture.
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The Company's Board, Management and employees are committed to ensuring that the Company is a safe and secure working environment where all employees are treated with dignity and respect.
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The company is a signatory to the UN Global Compact, which commits it to respect and promote human rights, labour standards, and the environment.
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The Management Board consists of the Chief Executive Officer, the Chief Financial Officer and the General Counsel.
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The Company does not have any share incentive plans.
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The purpose is to provide all our employees with a safe and healthy working environment, to support the safety and health of our employees and to support the health and safety of all of our stakeholders.
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The group's goal is to achieve a 10% return on invested capital by 2015.
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We have implemented a comprehensive sustainability strategy that is based on the three pillars of Social responsibility, Environmental responsibility and Good Governance.
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The Company has adopted a ³Fit for the Future² strategy to evolve and modernise itself, and to remain competitive on the market and meet the challenges of the future.
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This is achieved by means of a series of meetings, including the meetings of the Board of Directors and the Audit Committee, both of which are open to the public.
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The Board believes that the Company's long-term success depends on the achievement of the Company's environmental, social and governance targets by all stakeholders.
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We promote the involvement of our employees in the implementation of the Group's Sustainable Development Strategy and foster their contribution in its implementation through a total of 20 working groups.
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We have been a member of the Roundtable on Sustainable Palm Oil (RSPO) since 2010 and have been certified by the RSPO since January 2014.
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We have a comprehensive range of health and safety policies and procedures in place.
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We have internal policies and procedures to ensure that we are conducting our activities in an ethical and socially responsible manner.
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The Group is committed to conducting its business in accordance with the highest ethical standards.
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The Company is committed to ensuring that any vacancies arising are filled by the most qualified candidates and recognises the value of diversity in the composition of the Board.
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Our board is made up of a number of non-executive directors, including the chief executive of a local authority, a current and former police officer, and a local councillor.
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The Company has a comprehensive health and safety program in place that is designed to ensure that all of its employees are safe while they work.
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Furthermore, the code of conduct is updated regularly and is available on the company's website (www.google.com).
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A strong, healthy and engaged workforce is fundamental to the success of any organisation.
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We are committed to reporting transparently on our initiatives, both in the annual report and in our sustainability report.
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It is the responsibility of the Board of Directors to monitor on a regular basis the risks of the Group and to ensure that adequate risk management systems are in place.
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The performance of the Board and Committees is reviewed through the Remuneration Committee, and the Chairman is required to provide an annual performance report on the Committee's activities to the Board.
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The Company is committed to ensure that its business activities do not cause or contribute to environmental damage and that the Company has in place environmental protection systems and processes to minimise the effects of its activities on the environment.
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Our vision is to be the employer of choice in the market, enabling our people to develop their skills, to maximise their contribution to the success of the business and to enjoy their work.
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On behalf of the Company, the Board of Directors is pleased to present its Corporate Responsibility Report for 2018.
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The new Government is committed to continuing the programme of fiscal consolidation and we will continue to take difficult decisions in order to reduce debt as a share of GDP over the medium term.
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In addition, the Legal and Compliance Department and the Audit Committee regularly monitor the results of the independent auditor.
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The diversity and inclusion programme is focused on the recruitment and development of women, as well as on the protection of the rights of migrant workers.
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The Company's policy is to ensure that the Company's operations do not cause damage to the environment.
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This is a significant investment in the future development of the Group and I am confident that it will further enhance the Company's status and reputation.
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The Company is subject to various laws, rules and regulations applicable to its business.
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During the year under review, we continued to support the ongoing development of a number of young players, including through our sponsorship of the Arsenal FC Foundation.
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The Group has established a Sustainable Development Committee that provides advice and monitors the implementation of the Group's environmental policy.
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The Board and senior management are committed to developing and maintaining a culture of integrity and ethical conduct.
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We are looking to embed the new Supply Chain Modern Slavery Business Standard and enhanced processes into the business.
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The Group has an Environmental Management System in place that addresses a number of environmental issues, including those relating to the use of energy, water and natural resources and waste management.
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The Company's remuneration policy aims to link the interests of management with those of the shareholders and to provide incentives for the Company's management to perform well.
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We have a strong focus on training and developing our people to help them reach their potential in their job and life.
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The Office of the Chairman will also conduct a review of the remuneration and benefits provided to the Chairman and the related party transactions in respect of the Chairman's remuneration.
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The Company will also make every effort to improve the effectiveness of its sustainability reporting.
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This includes a requirement to establish a Code of Conduct and a Code of Ethics, which are applicable to all employees, consultants and agents of the Company.
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We are developing a governance framework which will be implemented in 2017 to guide the Board in its decision-making.
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Our strategy recognises that there are a number of factors that can affect the overall performance of the Group, including the economy in which we operate and the political and regulatory environment.
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In line with the requirements of the CSA, we are implementing a new compliance management system and have appointed a compliance officer.
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To ensure the independence of the Board, the shareholders of DWS KGaA agreed at the Annual General Meeting on 21 May 2015 to reduce the number of members of the Supervisory Board to six.
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One of the key principles of this approach is that the Group will continue to pay dividends to shareholders, whilst also delivering long-term value creation.
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We will continue to work with our suppliers and consumers to reduce the environmental impact of our activities.
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The Board has delegated responsibility for the implementation of the Policy to the Group Chief Executive and the Group Chief Executive has delegated responsibility for the implementation of the Policy to the Chief People Officer.
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Our policy is to require each of our directors and executive officers to notify the Board promptly of any potential conflict of interest and to recuse themselves from any discussion or decision with respect to that potential conflict.
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In particular, the Corporate Governance Code recommends that the Board should oversee the development of a corporate strategy, including an appropriate response to environmental, social and governance issues.
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In order to increase the impact of the investment teams' efforts, the Board has also created a Social Impact Committee.
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ESG stands for Environmental, Social and Governance.
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We are committed to the highest ethical standards and business practices, including compliance with all applicable laws and regulations.
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The Company has a Code of Conduct and Ethics which is made available to all employees and is available on the Company's website.
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The Board has formally delegated authority to the relevant Board Committees and Management.
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The company has a policy of sponsoring local, county and national charities and events.
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Our Global Supply Chain Management Policy (the “Policy”) is a key component of our commitment to support the achievement of our corporate responsibility goals.
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We are committed to the highest standards of ethical conduct in our business dealings and in all aspects of our relationships with customers, suppliers, employees, shareholders, the communities in which we operate and the general public.
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We also support and encourage efforts in the community.
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The Board of Directors of each Subsidiary is comprised of at least one female director.
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The Group attaches considerable importance to the development of its staff, adapting the training programmes to the changing needs of the business.
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We believe that running a responsible business is not just the right thing to do, but also the smart thing to do.
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Where there is significant risk of harm to the environment or the reputation of the Group, senior management will report the matter to the Board.
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The Committee believes that the relationship between the Company and the communities in which it operates is of fundamental importance.
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The Group has a Code of Conduct which applies to all Group employees and is aligned with the standards of the United Nations Global Compact.
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The Group's remuneration policy is designed to support the delivery of the Group's strategy and its operating and financial objectives.
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In 2017 we reviewed our policy on non-executive directors' remuneration, which we felt was in need of updating.
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This was a difficult decision, but was necessary to ensure the long-term sustainability of the business.
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If a country has a lower ranking than other countries in the same region, then it is deemed to have a low level of governance.
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These restrictions are applicable to all directors and employees of the Company and its subsidiaries and have been communicated to them.
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This is a result of the Group's adoption of a foreign currency hedging policy and the prevailing exchange rate differences between the US dollar and the euro.
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The Group's key performance indicators for the Group's corporate governance and sustainability framework are measured and reported on by the Group.
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We also have a clear code of conduct to address integrity, conflict of interest, and fraud.
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We can provide a high-quality product using the most advanced technology and the best materials, and we can make our clothes in the right size to fit the customer.
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The Group is committed to ensuring that any vacancies arising are filled by the most qualified candidates and recognises the value of diversity in the composition of the Board.
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We also continue to focus on the environmental impact of our operations.
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In 2016, the Board of Directors and the administrative board of the Gesellschaft für Nuklear-Service mbH (GNS) agreed to end their cooperation.
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The Company is committed to managing and improving its environmental impact and is striving to become 100% carbon neutral.
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The Group has also identified key social and environmental issues that are relevant to its business activities and is working to address these effectively.
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In the UK, we have a long-standing commitment to reducing waste, and we have ambitious recycling targets for our stores and for our packaging.
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The Board has a clear understanding and recognition of the need to constantly adapt and modify available resources to help colleagues access remote well-being support, advice and resources.
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The Company is not a subject to supervision under the provisions of the UK Financial Services and Markets Act 2000.
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In addition, the Group has an active policy for the prevention of conflict minerals in its products and is in the process of developing a conflict minerals disclosure policy, in line with SEC and EU expectations.
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The main objectives of the Regulation are to ensure that the directors' responsibilities are clearly defined, their independence is protected and that they are accountable for their decisions.
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