Taking responsibility for the environment and society

Sustainable solutions for the environment and society – Through our ESG strategy, we aim to maximize the positive ecological , social and economic impact of our actions.

Our sustainability management

Our commitment to sustainable living does not stop with our products. We pursue a clear ESG strategy with ambitious targets and concrete measures. It is our aspiration to integrate sustainable action into our daily work and to achieve all our self-imposed goals.

The basis of our ESG strategy is a comprehensive materiality analysis in which we identified our most important topics. This resulted in our five main fields of action.

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Our fields of action

At HPS, we base our ESG strategy on concrete targets and measures in each area of action, the achievement of which we measure with key performance indicators (KPIs).

The strategy lies within the responsibility of the Executive Board, which reports annually to the Supervisory Board and is thus anchored at the highest level. The main responsibility is assumed by the Chief Financial Officer, who is also the Chairman of our ESG Council and, together with the other members of the Council, is responsible for implementing the measures and monitoring them.

HPS_ESG_Strategie_

At HPS, we base our ESG strategy on concrete targets and measures in each area of action, the achievement of which we measure with key performance indicators (KPIs).

The strategy lies within the responsibility of the Executive Board, which reports annually to the Supervisory Board and is thus anchored at the highest level. The main responsibility is assumed by the Chief Financial Officer, who is also the Chairman of our ESG Council and, together with the other members of the Council, is responsible for implementing the measures and monitoring them.

All employees at HPS form the foundation of the company. Without this, HPS would not be able to contribute to the energy transition. A pleasant and safe working environment in which we enjoy working is particularly important to us. With our strategy, we aim to be a first-class and sustainable employer and to continuously improve satisfaction among all employees. We are also committed to supporting new employees and creating training programs. All employees and the company as a whole benefit from further training.

A diverse working environment is not only a matter of course for us, but also a great opportunity, because: a diverse working environment is particularly successful. To this end, we have resolved, for example, to record the gender pay gap for the first time in 2022, to introduce support programs, and to conduct unconscious bias training in order to eliminate unconscious prejudices among employees and managers.

Good and ethical corporate governance is a matter of course for us. As part of our strategy, we fundamentalize our approaches with the help of policies and training. The basis for us and all policies is our Code of Conduct, which we adopted and introduced in 2022 as part of our strategy. We are also introducing an anonymous whistleblower system to enable us to process tips and complaints from our employees anonymously.

Another milestone is the development of a comprehensive risk management system by 2023, which also takes into account and integrates sustainability criteria and external impacts.

Our stakeholders are also of great relevance to us. We actively advocate the energy transition and climate protection and plan to conduct stakeholder surveys and analyze conflicts of interest in order to be able to react at an early stage.

Code of Conduct

With our products, we contribute directly to an independent and CO2-free energy supply and thus actively support climate protection. Learn more about our contribution to the energy transition here. As part of our strategy, we want to conduct in-depth analyses on emissions in the value chain and on savings compared to the grey electricity grid.

But we also pay attention to our emissions and our impact on the environment in our business operations. Our strategy is to fundamentally expand our data collection over the next few years in order to make our performance and progress measurable and comparable over the long term. As part of our strategy, we will reduce our own energy consumption by analyzing efficiency measures and having energy audits carried out. We also aim to become climate-neutral by 2026. To this end, we have planned measures such as the use of green electricity, the conversion of the company fleet to sustainable drive systems, and the promotion of sustainable business travel. We will also analyze our use of resources and reduce our use of materials. For this, we will also establish packaging concepts and expand the repair concept. In addition, we are conducting substitution tests and intend to examine alternatives for specific minerals and conduct operational tests with green hydrogen for this purpose.

Our products are the core and heart of our business. We are aware of the responsibility for our customers and products. Therefore, we implement a detailed data protection concept and will continuously train and sensitize our employees. With a strong focus on innovation, we are committed to further increasing quality and continuously conducting analyses to ensure the sustainability and safety of our products at all times. We want to maintain this focus in the long term and continue to develop our products. This includes the comprehensive development of a quality management system. For our products, we have undertaken an environmental product declaration and a holistic life cycle analysis in order to be able to analyze our products in the upstream and downstream value chain and thus continuously improve them.
As part of our strategy, we will also pay attention to sustainable products in our supply chain and analyze our CO2 footprint by 2025. For sustainability criteria in the supply chain, we have already adopted a purchasing guideline and a Supplier Code of Conduct based on our strategy, which is valid throughout the company and must be signed by all suppliers in the future. In addition, supplier self-disclosure is being sought and suppliers are being audited and analyzed on specific topics. In combination with defining and writing down of consequences of violations, we will actively promote trust in our suppliers.

Supplier Code of Conduct

International Initiatives

To further strengthen our commitment to sustainability, we are a member of the United Nations Global Compact (UNGC) and will henceforth report annually on our progress. This UN initiative is the world’s largest and most important alliance for responsible corporate governance.

In addition, we are contributing to the achievement of the United Nations Sustainable Development Goals (SDGs) and have fundamentally incorporated them into the analysis of our material issues.

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ESG Contact

If you have any questions on ESG topics, please contact Jewgeni Elster: jewgeni.elster@homepowersolutions.de

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