Sustainability at ProSiebenSat.1
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 and adapting it to new challenges. 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 pursues a dialog with stakeholders who strongly influence the Company’s financial and non-financial performance and the regulatory framework for this, and are significantly affected by the Company’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 is adopted by the Executive Board and is made available to all employees via the appendix to the employment contract, the intranet and electronic training systems. It is available to third parties on the website. The principles of our Code of Conduct are made binding for business partners through the 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, and ESG (environment, social, governance) information at ProSiebenSat.1 Group mainly lies with the member of the Executive Board who is responsible for HR, Compliance, & Sustainability. Within the sustainability organization, the Sustainability Steering Committee represents a centralized and interdisciplinary body for managing, monitoring, and developing the sustainability strategy. Chaired by the Executive Board member responsible for HR, Compliance & Sustainability, 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. As of this financial year, there are Sustainability Officers in each of the three segments – Entertainment, Dating & Video and Commerce & Ventures – who bear operating responsibility for the sustainability goals and their implementation in the segments. They are also the segments’ representatives in the Sustainability Steering Committee and have regular operational discussions with the Group Sustainability Office. In the past year, the Sustainability Steering Committee held three meetings. These focused on the sustainability goals for 2022, the structure and organization of sustainability in the Group, updates on focus topics in the defined action areas, and the new sustainability umbrella brand #OneTomorrow. The Group Sustainability Office (previous year: Corporate Sustainability Office) is responsible for the Group-wide coordination, implementation, and communication of sustainability activities as well as the stakeholder dialog. The Head of the Group Sustainability Office reports to the Executive Board member responsible for HR, Compliance & Sustainability.