The Group defines sustainable entrepreneurial activity as an integrated approach to improving its economic, environmental, and social performance. We are aware of our corporate and social responsibility and regard it as a holistic challenge.

For ProSiebenSat.1, success not only means increasing ProSiebenSat.1 Group’s economic results in the long-term. For us, it also means further developing the Group’s sustainability strategy, adapting it to new challenges and aligning it more closely with the corporate strategy. Moreover, it means improving the key non-financial figures, and reconciling the sometimes conflicting interests of our target groups, particularly those of employees, users of our offerings and platforms, shareholders and investors, and business partners. As a matter of priority, ProSiebenSat.1 is engaging with stakeholders who strongly influence the Group’s financial and non-financial targets as well as the regulatory framework for this, and are significantly influenced by the Group’s activities.

ProSiebenSat.1 is a signatory to the United Nations (UN) Global Compact, a major global initiative for sustainable and responsible corporate governance, and is thus explicitly committed to its ten principles in the areas of human rights, labor standards, environment and climate, and preventing corruption.

These principles can be found in corresponding form in the ProSiebenSat.1 Code of Conduct. This Code of Conduct provides orientation and a binding framework – both for dealing with each other and with business partners, customers, suppliers and other third parties. The Code of Conduct is binding for all ProSiebenSat.1 Group employees worldwide. The Code of Conduct provides guidance, amongst other topics, on the working environment and interpersonal relationships, with the aspects human rights, diversity and anti-discrimination, working conditions, health and safety as well as ownership. The Code of Conduct has been adopted by the Executive Board. It is an annex to the employment contract of all employees. Furthermore, the Code of Conduct is available on the Intranet and is an integral part of the electronic training system. It is also available externally on the ProSiebenSat.1 Group website. The principles of the Code of Conduct are also made binding for our business partners through a separate Code of Conduct for Business Partners. ProSiebenSat.1 reserves the right to review compliance with the requirements of this Code of Conduct after giving reasonable advance notice and encourages its business partners to introduce their own binding guidelines for ethical behavior.

Executive-level responsibility for non-financial aspects, sustainability performance indicators as well as ESG (Environment, Social, Governance) information mainly lies with Executive Board member and Chief Operating Officer (COO) Markus Breitenecker.

The sustainability organization is structured as follows:

The Sustainability Steering Committee acts as a centralized and interdisciplinary committee for managing, monitoring, and developing the sustainability strategy. Chaired by Executive Board member and Chief Operating Officer (COO), it is made up of the Group CFO, managers and specialists from relevant central functions and operating corporate divisions as well as a Works Council representative. In the past year, the Sustainability Steering Committee held three meetings.

For the definition of specific sustainability targets derived from ProSiebenSat.1 Group’s general sustainability targets and their implementation at operating level in the three segments – Entertainment, Commerce & Ventures and Dating & Video – sustainability segment leads have been appointed in each case and are responsible for the respective topics. They are in regular contact with the Group Sustainability Office and represent their segments on the Sustainability Steering Committee. They are also tasked with effectively implementing the measures in the segment entities.

The Group Sustainability Office is responsible for the Group-wide planning, coordination, implementation, and communication of sustainability activities and for engaging with stakeholders. The Head of the Group Sustainability Office reports to Executive Board member and Chief Operating Officer (COO) Markus Breitenecker.