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Sustainable, social, and responsible
Environmentally sustainable business practices along with sociallyoriented and responsible company management are core elements of the Komax Group’s corporate strategy. They are incorporated into both the Komax Group’s long-term targets and its operating activities.
For decades, the Komax Group has been renowned for its innovative products and leading market position. But what does the company want to achieve and accomplish with its work? And what contribution is it making to society? The Komax Group’s purpose can be summarized in just a few words:
As a driver of innovation and market leader in automated wire processing, we develop and produce intelligent, reliable, and optimally cost-effective wiring solutions for smart mobility and smart city applications. We work closely with our customers to make life simpler, more convenient, and safer.
ESG – an integral component of Strategy 2028
The Komax Group has anchored in its Code of Conduct that it makes the sustainable development of its business a key objective, and rejects any quest for proﬁt at the expense of the environment. In addition, the company is committed to environmentally friendly production methods and the responsible use of natural resources. Far from being empty phrases, these principles have been applied by the Komax Group for decades.
The development of Strategy 2028 firmly integrated ESG in the Komax Group. ESG is one of the strategic initiatives and forms a framework and foundation for sustainable action by the Komax Group.
Part of this involved the comprehensive revision of the Articles of Association at the Annual General Meeting on 12 April, 2023, including the introduction of Article 2a. “Sustainability”, which underscores the principle of sustainability already being followed by the Komax Group. The new Articles of Association also take account of current best practice in corporate governance.
In 2022 the Komax Group conducted a materiality analysis, so as to identify the key themes, and initiated collaboration with EcoVadis in order to better evaluate the sustainability of its supply chain and move in a position to take any necessary measures. Furthermore, the Komax Group established the processes needed within the Group to capture and report relevant environmental data in the future – such as CO₂ emissions.
Taking the materiality analysis as a basis, the Komax Group has developed twelve long-term targets that will bring the company closer – step by step – to its vision of a fair, responsible, and climate-neutral organization. In step with this, it has broken its ESG targets down into three core elements: Fairness, Responsibility, and Climate Protection. The focus will be on the areas where the Komax Group can have the biggest impact.
Sustainable products and processes
A key feature of the machines developed by the Komax Group is their extraordinarily high quality and longevity. The Group’s own global service network and its collaboration with partners ensures that these machines are professionally maintained. This has a positive impact on their performance, value retention, and lifespan, as well as saving resources. Moreover, the wire processing solutions delivered by the Komax Group do not contain any environmentally damaging components.
Highly automated, state-of-the-art production systems are used for manufacturing strategically important components. The careful and efficient use of resources has top priority. The majority of the production locations of the Komax Group, are ISO 9001 certified. On top of that, five important locations are also ISO 14001 certfied.
Promoting people and contributing to the general good
The Komax Group is also deeply committed to its employees, offering them a respectful, appreciation-based working atmosphere in which they are given freedom of maneuver and the opportunity to engage in inspiring exchanges. This is reﬂected in the regular employee surveys carried out by the company, in which a large number of employees always state that they view themselves as ambassadors of the Komax Group, and feel an exceptionally strong tie both with the company and their work.
In keeping with its corporate purpose, the Komax Group is keen to make a contribution to society, and to make life simpler, safer, and more convenient. It achieves this not only through its business strategy, but also by actively supporting a whole range of projects.
As a globally active market leader in its field, the Komax Group has a special responsibility toward its customers, suppliers, employees, and the communities in which it works. The Komax Group takes this responsibility very seriously, and has therefore drawn up a strict Code of Conduct. It is binding for all employees.
Responsible corporate governance geared around long-term success also encompasses appropriate risk management. The risks associated with the Komax Group’s commercial activities are systematically identified, analyzed, monitored, and managed on an annual basis through an institutionalized risk management function.