Sustainability
Sustainability means responsibility towards the customer, employees, shareholders, society and environment. Throughout Inventronics value chain we emphasize the careful use of resources, environmental protection, good working conditions, health and safety, compliance with human rights.
Welcome to our Sustainability platform, where our commitment to a better future takes centre stage.
As a forward-thinking corporation, we understand the critical role we play in shaping a sustainable future. The UN Sustainable Development Goals (SDGs) provide a global blueprint to address pressing challenges like poverty, inequality, climate change, and environmental degradation. By embracing Environmental, Social, and Governance (ESG) principles, into our business strategy, we align our operations with these global goals, fostering responsible growth that benefits our customers and the planet. Explore our journey towards sustainability, through innovation, collaboration, and a steadfast commitment to a better world.
Environment
In order to fulfill our responsibility, we are committed to environmental management practices that conserve resources and to developing innovative, energy-efficient products.
Environmental Management
We have set up a corporate EHS policy in order to integrate environmental issues into the overall management on a corporate-wide level.
We created the necessary organization for these industry standards and a comprehensive system for environmental management.
Climate
As an industrial company, we use energy and consume natural resources. In the process, we also emit greenhouse gases and produce waste. Climate protection and the development of a circular economy are therefore important issues for us, too. To this end, we are committed to an energy-efficient and resource-conserving way of doing business and are developing innovative, environmentally friendly products.
We are pressing ahead with the development of a comprehensive sustainability strategy and setting ourselves specific targets: we are committed to the 1.5 degree-target of the Paris Climate Agreement and want to make its own operations carbon-neutral by 2030.
Life Cycle Assessments (LCAs)
In order to assess the environmental performance of our products, life cycle analyses of selected OSRAM product families were conducted, representing different technologies. The method for these analyses was an assessment following principally the international standards ISO 14040 and 14044.
Society
Our employees and partners are key to our long-term success as a business. Their rights, health and safety are of high priority for us. Nonetheless, we see ourselves also as being part of society, which means that our responsibility extends beyond the confines of the Company.
Human Rights and Fair Working Conditions
As a globally active company, the question of compliance with human rights plays a central role in our cooperation with business partners and suppliers as well as in the working conditions of our employees. We fully support the UN Human Rights Charter and actively accept our responsibility by continuously integrating the universality of human rights into our policies, systems and processes.
Inventronics Global HR Guideline 2024
Health & Safety
We are committed to offering our employees a safe and healthy working environment. Minimizing the risk of occupational illnesses and accidents at work forms part of this.
Governance
We would not be able to achieve our sustainable business success without the trust of our stakeholders such as customers, employees, investors, and suppliers. We strengthen this trust by means of transparent and responsible corporate governance.
Compliance
It is our goal to effectively promote doing business in a legal and ethically sustainable manner. Our Compliance Management System (CMS) builds the fundamental framework to achieve this goal.
The CMS focuses on preventing violations of applicable Anti-Corruption, Antitrust, Data Privacy, Anti-Money Laundering and Export Control regulations through internal policies and training, detecting violations that have occurred, and responding to them with the necessary measures to prevent them in the future (Prevent – Detect – Respond).
Supplier Management
As a global company with an extensive network of suppliers, we have a responsibility for the environment and society all along its supply chain. We take this responsibility seriously, and provide standardized risk analyses, tools, and processes that determine how we select our international partners and how we work with them. We also have internal and external control mechanisms in place. In particular, these enable us to fulfill our duty of care with regard to human rights in the context of conflict minerals.
Quality
We stand for a high quality standard, safety and reliability of its products and solutions. At our company, product safety starts with product development, accompanies the procurement and production process, and is an essential aspect for our customers during the product life cycle.
We regularly have our processes and management systems certified to ISO 9001 and, for automotive customers, also to IATF 16949. In the course of integration, there will be joint certificates in the medium term.
Environmental product stewardship
Inventronics is dedicated to ensuring that its products comply with international regulations and meet customer requirements for managing hazardous substances. Our product environmental program controls new product developments as well as existing products steady adhere to these requirements through strong management and validation of Inventronics suppliers and subcontractors.
We follow a ’no step backwards’ policy when developing new products. Hence, we make it our responsibility to consistently improve the efficacy and life of our products and to further reduce their hazardous contents. This way, we assure a process of continuous improvement.
Declaration Conformity: Substances in Products
Inventronics is committed to comply with the legal requirements and standards that restrict the use of hazardous substances in products and packaging in the EU market Our Declaration of Conformity covers RoHS, REACH, POP and more.
Declaration of Conformity with Legal Requirements
Responsible Sourcing of Raw Material
Inventronics is deeply adhered to responsible sourcing and transparency. We oppose the use of conflict minerals (gold, tantalum, tin, and tungsten) as well as cobalt and mica that are illegally mined or contribute to armed conflict and human rights abuses. The following declarations demonstrate our commitment to responsible sourcing.
Inventronics Declaration Responsible Sourcing of Minerals
Conflict Mineral Reporting template CMRT
Extended Mineral Reporting template EMRT
Packaging
Besides lighting components Inventronics is also dedicated to reducing the impact of packaging on people and environment. Through minimalizing packing size, searching for environmental friendly alternatives, and packaging smart design. And of course by complying with legal requirements. France has prohibited two categories of mineral oil MOSH/MOAH on packaging and in printing intended for the public since they disrupt recycling or restrict the use of recycled materials because of the risk of these substances to human health.
Sustainability Reporting
In our reports we present the sustainability performance of our company.
We highlight our impact in terms of ecological, economic and social aspects and describe the concepts and measures we have taken. The report is intended to inform our stakeholders – analysts and investors, customers, suppliers, non-governmental organisations, politicians and authorities, our employees and all interested parties – about what we are doing to make our products, solutions and processes and our supply chain even more sustainable.
