Responsibility is our foundation
In our company, responsible governance and economic success have gone hand in hand for more than 100 years. We have always put people first. This attitude is reflected in our claim “We empower people.”
Sustainability is still the way forward
Our commitment to sustainability finds its special expression in the positive social impact of our products and value-driven corporate governance by the family of owners.
One of our most urgent tasks is to meet the growing expectations and information needs of our stakeholders. Our users and customers as well as applicants take sustainability factors into account in their decision-making process, as do lenders or investors. We are responding to the increasing importance of sustainability by enhancing the visibility of environmental, social and governance (ESG) aspects at Ottobock, both internally and externally.
Sustainability is a process
Our private Sustainalytics ESG rating reflects that we are in the best possible position to enhance sustainable growth and our positive impact on society. In 2021, we held a leading position among 228 rated medical technology companies in Europe. A great result, which continues to inspire us.
Results of our private Sustainalytics ESG rating
Efficient Sustainability management
For us, sustainability is a strategic responsibility for management and part of our company strategy. This helps us examine routines from a critical perspective, spark innovations and ensure our success as a business.
The Management Board sets the objectives and monitors the sustainability strategy and performance. The members of the Executive Board have global responsibility for a specific sustainability issue and its policies.
The Chief Financial Officer assumes responsibility for sustainability throughout the company. Global Sustainability specifies the strategy and objectives, including the KPIs. It manages and monitors the implementation of policies and initiatives as well as related training throughout the company. Global Sustainability is also responsible for reporting, communication, ratings and audits in the non-financial field.
The Owner Initiative is responsible for a specific sustainability initiative at the global or local level and its implementation with a focus on meeting KPIs, training and evaluation.
Taking on global responsibility
We have been a member of the UN Global Compact, the world’s largest and most important initiative for responsible corporate governance, since 2015.
Based on 10 universal principles, the UN Global Compact pursues the vision of an inclusive, sustainable global economy that benefits all people, communities and markets, both today and tomorrow.
Promoting sustainable development - worldwide
As a signatory of the UN Global Compact, Ottobock is also committed to the 17 Sustainable Development Goals (SDGs) of the United Nations. The United Nations has created the SDGs as a framework to drive sustainable development at the economic, social and environmental levels, both nationally and internationally, until the year 2030.
At Ottobock, we want to make our contribution to the success of the initiative and have integrated the SDGs into our sustainability strategy. Based on a comprehensive analysis of our key sustainability topics, our values and strategies, we have identified the seven SDGs that are of the highest relevance for Ottobock. We want to make our contribution to attaining these goals through our business activities.
Good health and well-being
People’s well-being is closely linked to their physical and mental health. We have been helping people with limited mobility maintain or regain their freedom of movement for more than 100 years. Studies prove that we can sustainably improve the quality of life for amputees and people with neurological diseases by providing prosthetic and orthotic treatment.
Read how we intend to continuously improve the sustainability performance of Ottobock, and how we make it measurable in the context of ESG performance indicators.
ESG performance indicators and GRI index
We strive to raise awareness and aim to uphold and promote sustainability standards. ESG performance indicators make our sustainability performance measurable and illustrate our progress.
You will find out everything about our sustainable activities in our sustainability reports. All reports are available for download here.