Shared values, rules and the objective of long-term economic success are the cornerstones of sustainable company management at KraussMaffei. The Executive Committee is responsible for the strategic alignment of the company. The three segments, Injection Molding, Reaction Process Machinery and Extrusion Technology, are in charge of monitoring operations. The supervisory board of KraussMaffei fulfills an advisory and supervisory role. Within KraussMaffei, the Business Excellence department is in charge of coordinating and implementing the sustainability operations of the supervisory board. Management from this department reports directly to the CEO. The Corporate Communication department provides information about sustainability topics and also supports discussions throughout the corporate group.
We have defined basic business principles for our code of compliance and ethics that ensure sustainable business practices supported by all employees. We have designated compliance officers to guarantee adherence to the code of compliance and ethics within KraussMaffei. They regularly conduct spot checks of the segments and regions assigned to them to ensure compliance with laws and group directives.
KraussMaffei operates according to all data protection specifications. Data protection officers advise executive management and ensure that business-related and personal data is handled with the appropriate level of caution.
Risk management identifies and monitors business-related risks. This approach also takes non-financial risks into account, and early identification and management of these risks contribute to sustainable company management.
As a globally active company, we maintain long-term relationships with our suppliers that are based on trust. In our group directive on purchasing processes, we pledge to ensure fair treatment and equality of opportunity in the assignment of contracts as well as transparent, understandable processes. In addition, we strive to maintain constructive cooperation with suppliers to continuously improve our collaborative work.
We maintain a regular and open dialog with our most important target groups and stakeholders. A variety of dialog options encourages discussion about sustainability topics. Through our memberships, including the mechanical engineering group Verband Deutscher Maschinen- und Anlagenbau (VDMA), we are also dedicated to the use of innovative technologies and resource-efficient processes. In this way, KraussMaffei is taking charge of sustainable development in the economy.