Sustainability at Blum Sustainability management structure and monitoring To manage, monitor and advance Blum’s strategic actions and targets on sustainability, the Corporate Management Group of Julius Blum GmbH (more information in the ‘Company profile’ chapter) has established a Sustainability steering team, which provides regular progress reports. One of the members of the Corporate Management Group is also a member of the Sustainability steering team, which means certain strategic interventions can be made directly by the steering team. All sustainability measures, both general and case-specific, are approved by the Corporate Management Group before being implemented by the Sustainability steering team or the relevant specialist team within the company. The company’s strategic sustainability targets are defined in advance with input from the Corporate Management Group and in line with Blum’s company values. Based on these company-wide targets, the Corporate Management Group also defines specific strategic targets for implementation within the individual specialist divisions. As company owners, both Managing Directors are stakeholders in this process. In addition, the Corporate Management Group has created an integrated management system (IMS) committee which is responsible for establishing, implementing and monitoring the various management systems needed to meet the company’s sustainability targets. The IMS committee comprises the heads of the relevant specialist divisions and is led by our Head of Quality. Its remit includes the following areas: quality, environment, energy, AEO (authorised economic operator), customs duties, sanctions, internal control systems (in line with Section 22 of the Austrian Act on Limited Liability Companies (GmbHG)), risk management, health and safety and information security. The IMS committee reports directly to the Corporate Management Group of Julius Blum GmbH. The relevant systems and functionality are also audited by the internal audit team on an ad hoc basis and external audits are conducted for certain specialist divisions. The purpose of networks like the IMS committee is to bring together staff members from different specialist areas, each with primary responsibility and reporting obligations for their own area but with a wider shared responsibility. The Management Board meets weekly and the Corporate Management Group meets monthly, while other committees and steering teams meet for a specific reason and/or to discuss a particular business need. Committees and steering teams report regularly to the Corporate Management Group (as the employer) and also usually include at least one member of the Corporate Management Group. ➔ GRI 2-12, GRI 2-13, GRI 2-14, GRI 2-17 21
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