Sustainability at Blum Sustainability management structure and monitoring To manage, monitor and advance Blum's strategic actions and targets on sustainability, the Executive Board of Julius Blum GmbH (see "Company profile" chapter) has established a Sustainability steering team, which provides regular progress reports. One of the members of the Executive Board 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 Executive Board 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 Executive Board and in line with the company's values. Based on these company-wide targets, the Executive Board also defines specific strategic targets for implementation within the individual specialist divisions. The operational management of Julius Blum GmbH is the responsibility of the Sales, Marketing, Distribution and Technology, Product Systems (TPM) and Manufacturing Steering Teams and the Executive Board of the Furniture Fittings division. As company owners, both Managing Directors are stakeholders in this process. They have 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 is headed up by the Director Quality, Procurement & Sustainability (QPS) and includes the heads of the management systems, finance, distribution, procurement and sustainability departments, as well as representatives of the relevant management systems. 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 committee consists of a representative of the Executive Board, a representative of the Technology, Product Systems, Manufacturing (TPM) and Sales, Marketing, Distribution (SMD) steering committees, as well as representatives of the management systems from the aforementioned areas. The person responsible for the IMS committee reports directly to the Executive Board of Julius Blum GmbH. The relevant systems and functions are also audited by the Internal Audit and Management Systems Audit units on an ad hoc basis, while external audits are also 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 Executive Board meets weekly and the steering teams of the segments meet 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 Executive Board (as the mandator) and also usually include at least one member of the Executive Board. ➔ GRI 2-12, GRI 2-13, GRI 2-14, GRI 2-17 19
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