Corporate responsibility at Haniel
Enhancing value – living out values – in line with this principle, Haniel has been combining entrepreneurial drive with a stable core of values for 263 years. Accordingly, corporate responsibility is deeply ingrained in the company’s DNA and is adhered to in equal measure by the owner family and the management. This means combining economic success with responsibility for employees, society and the environment, thereby creating value over generations.
The shared understanding of values is expressed in Haniel’s Code of Conduct, which defines principles of conduct in business dealings at all levels. In its Code, Haniel commits among other things to environmental responsibility, fair and safe working conditions, combating corruption and to compliance with internationally recognised human rights. At the same time, these are in line with the principles of the UN Global Compact. As a signatory to the United Nations initiative, Haniel has committed to uphold and spread the principles and ensure transparent reporting. The divisions are also members of the UN Global Compact or adhere to the principles underpinning it; they have also issued their own codes of conduct based on Haniel’s Code of Conduct.
The Haniel Holding Company is building a diversified portfolio. The objective of active portfolio management is to sustainably increase enterprise value. Haniel strives to achieve this economic goal in harmony with ecological and social goals. This approach is applied along the entire value chain – from the investment phase to portfolio management through to divestment.
The Haniel Holding Company has established a variety of processes and tools for investment decisions and integrated CR into its existing principles. When looking into potential acquisition targets, social and ecological criteria are also examined using Haniel’s investment filter in order to enable it to assess the candidate’s CR profile. Only those companies which are in line with Haniel's values are considered. During due diligence, it is also verified to what extent the business model of the company concerned can make a positive contribution to sustainability in the future.
The Holding Company decides on the divisions’ investments and acquisition projects on the basis of the Capital Expenditure and Valuation Guidelines: These guidelines require all significant investments to be assessed in terms of impact on the CR strategy. The decision-making process for selecting financial assets for investment of available financial resources also takes CR considerations into account. For instance, there is a general ban on certain sectors.