At the end of 2018, ProSiebenSat.1 developed a Group-wide sustainability strategy entitled “We love to sustain”. It was presented in 2019, adopted by the board and has been implemented gradually ever since. The objective of the strategic process was to strengthen the integration of sustainability aspects to ProSiebenSat.1’s corporate strategy and to strengthen the Group’s integrated approach towards economic, environmental, and social performance. It also included reevaluating current sustainability activities and aligning them to the new strategy.
The following steps were key to the strategic process:
- Analysis of current situation and sector benchmarking
- Reviewing the materiality analysis and stakeholders
- Defining priorities and selecting relevant UN Sustainable Development Goals (SDGs)
- Formulating the sustainability strategy (approach, action areas and principles, key topics)
- Defining sustainability goals, strategic measures and KPIs
Our sustainability strategy is based on the UN Sustainable Development Goals (SDGs). They define global priorities and sustainable development goals for 2030 and aim to mobilise global efforts to achieve a common set of goals and targets. The SDGs call for global action by governments, business and civil society to end poverty and create a life of dignity and opportunity for all within the confines of the planet. Unlike their predecessor, the Millennium Development Goals, the SDGs explicitly call on all companies to use their creativity and innovation to address the challenges of sustainable development. Against this background, ProSiebenSat.1 has identified the six goals which are particularly relevant to its business activities.
As a result of the strategic process, we consequently divided our sustainability management into four action areas, where we will summarize our activities thematically and formulate a principle for each action area.