The implementation of our sustainability strategy is based on globally uniform standards, integrated management systems, and an organizational structure with clearly defined responsibilities. An important aspect for us is the interplay of company-wide steering instruments and regional action programs, which are aligned to social challenges and priorities of a specific region or market.
We are convinced that our continued focus on sustainability will help to grow the long-term value of our company and to realize our strategic priorities. More and more, sustainability is becoming an important driver of economic growth and the generation of competitive advantages in the market. Within Henkel, efficient and safe processes not only contribute to environmental protection and occupational health and safety, but also reduce resource consumption and costs. By sharing our decades of experience in sustainability, we can position Henkel as a leading sustainability partner for our industrial customers, for retailers, and for consumers. Corporate social responsibility strengthens the motivation of our employees and their identification with the company – and thereby creates the basis for a strong global team.
Also, the group-wide risk management makes an indispensable contribution to our strategic focus on sustainability and enables us to identify possible risks and business opportunities at an early stage.
The controlling company of Henkel is Henkel AG & Co. KGaA, headquartered in Düsseldorf. Responsible corporate management and controlling, aimed at a long-term increase in shareholder value, has always been a part of our identity. Taking into account the special aspects specific to its legal form and articles of association, Henkel AG & Co. KGaA complies with the main recommendations of the German Corporate Governance Code, with two exceptions. We do not list the individual shareholdings of members of the Henkel family on the Supervisory Board or on the Shareholders' Committee. The remuneration of the Management Board also complies with its guidelines. The full wording of the declaration of compliance can be downloaded here.
The remuneration report in Henkel's 2012 Annual Report explains the main components of the compensation system for the Management Board, Supervisory Board, and the Shareholders' Committee of Henkel AG & Co. KGaA and indicates the level of the remunerations paid.