Company profile As a company, we continue to uphold the values and principles first established by our founder Julius Blum. Our value system is underpinned by two fundamental principles that lie at the heart of all our operations. By consistently upholding our values and principles in our everyday operations, we demonstrate the type of business that we are and confirm our position as a reliable business partner. Our sustainability agenda is an important part of this. We see no tension between economics and the environment. On the contrary, we believe that by pursuing sustainable business practices, we benefit both our bottom line and the planet. For us, preserving our natural resources for future generations is both a necessity and an opportunity, which is why we are working to help build a better future wherever we can. Our values and principles Our approach and strategy We need to ensure the company has a long-term future for the sake of our employees. We pursue a long-term financial policy in order to maintain financial independence and thus freedom of choice for our company for as long as possible. Stability and reliability are central to our approach to our everyday business operations. Our business strategy reflects this approach and unites it with our values and purpose as a business. Company identity and organisation We see our company as a living organism that must adapt rationally and transparently to developments in the short, medium and long term and modify its structures as best possible to maximise the added value we deliver. By creating networks of employees based on available resources and skill sets, we seek to promote the principles of strong collaboration and shared dialogue, without losing sight of employees’ core workplace responsibilities. The dynamic nature of these networks ensures that overarching topics, such as sustainability, remain front of mind and that the right people come together to address these issues, including from outside the business (see ‘Spotlight on our people’ chapter). 12 © Copyright by Blum
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