Sustainability at Blum List and description of material topics Material topic Short description Climate protection and energy As an industrial company, we are conscious of our responsibility to protect the environment and we continue to work hard to minimise the environmental impacts of our business. Our actions in this area include promoting more efficient use of resources and reusing resources as part of closed-loop cycles. For example, by pursuing a comprehensive energy management strategy focusing on replacing fossil fuels with renewables (our current energy mix includes 66 % renewables) while at the same time reducing our general energy consumption (e.g. through waste heat recovery in production). Converting our fleet of internal trucks to climate-friendly biogas is another noteworthy step we have taken. Thanks to all these actions, we are gradually reducing our emissions and carbon footprint. Environmental impacts in the upstream value chain At Blum, we minimise our potential upstream environmental impacts by selecting responsible suppliers for the procurement of our raw materials. We seek to build long-lasting, committed business partnerships that offer security and stability and enable us to procure consistently high-quality raw materials and consumables from trustworthy sources (more information in "Partnership across the supply chain" chapter). Employee satisfaction The satisfaction of our employees is vital to the success of our business, which is why we have a host of company-wide administrative, organisational and structural measures in place to support and motivate our staff. In particular, training, education and personnel development are a top priority at Blum (more information in "Spotlight on our people" chapter). Human rights in the upstream value chain The promotion of human rights is one of the core values of our business. Humane practices lie at the heart of all our business partnerships and we keep a close eye on the working conditions across our value chain (more information in "Partnership across the supply chain" chapter). Business processes and compliance We understand our responsibilities towards our company and our business partners, as well as towards the environment and wider society. This understanding is reflected in the Blum Code of Conduct, which sets out our values and the fundamental principles that underpin our identity as a company. Our Code of Conduct sets binding standards for our conduct and interactions with other companies and external partners that go beyond the minimum standards required by law. ➔ GRI 3-2 30 © Copyright by Blum
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