To us, it also means systematically developing and improving the Group’s sustainability performance and non-financial performance indicators, and aligning the interests of our target groups – particularly our employees, shareholders, viewers, users and business customers. In this context, the Group defines sustainable business conduct as an integrated approach for ensuring our Group’s economic, environmental and social performance.
Since January 2020, ProSiebenSat.1 has been a participant of the United Nations (UN) Global Compact, thereby committing itself to its ten principles in the areas of human rights, labor standards, environment and climate, and corruption prevention. The United Nations Global Compact is the world's largest and most important initiative for responsible corporate governance. Based on ten universal principles and the Sustainable Development Goals (SDGs), it pursues the vision of an inclusive and sustainable global economy. By joining, ProSiebenSat.1 is demonstrating, along with more than 13,000 other companies and organizations from civil society, politics and science in 160 countries, that we want to help shape this vision and strengthen our commitment to sustainability. In the future, we will report annually on progress in implementing the principles and activities to promote sustainable development (Communication on Progress).
Non-financial aspects, sustainability performance indicators and ESG information (Environment, Social, Governance) are the responsibility of the Deputy Chairman of the Executive Board and Group General Counsel. Corporate Communications, Group Compliance and Governmental Relations & Public Affairs function as a Steering Committee at ProSiebenSat.1. This Steering Committee works together with other central Group divisions and departments to develop sustainability activities and is responsible for reporting and external communications. Click here for more information about the company.
Since 2011, the Group has also placed its public value activities in a larger social context and has underscored their relevance for the Group by establishing an Advisory Board. The interdisciplinary body chaired by Bavaria’s former minister president Dr. Edmund Stoiber advises ProSiebenSat.1 Group on relevant social, ethical and media policy issues, and provides impetus on important topics such as education and culture. In 2018, the Advisory Board met two times. Members of the Executive Board and other decision-makers in the Group participated in these sessions.
As part of the development of our group sustainability strategy in 2018, further steps were also taken to expand the sustainability organisation and optimise corporate governance structures. Against this background, a Sustainability Board was set up. It forms the central and interdisciplinary body for discussing, coordinating, implementing, monitoring and further developing our group's sustainability strategy. In addition to the Deputy CEO and the Corporate Sustainability Office, its members include representatives from relevant corporate functions, the operating divisions and the Works Council.
Further information can be found under the following links.