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DEUTZ AG Annual Report 2021

Taking responsibility

DEUTZ is committed to sustainability. By joining the United Nations Global Compact, the Company is following the course set in its Taking Responsibility sustainability strategy.

“For us, sustainability is more than an obligation toward our employees and customers that is based on taking responsibility. It is a necessity of our times.”

Dr. Sebastian C. Schulte

Chairman of the Board of Management, DEUTZ AG

DEUTZ signed up to the United Nations Global Compact (UNGC) on March 31, 2021, joining the world’s biggest voluntary initiative aligning the needs of business, politics, and civil society. The common goal is to make globalization more sustainable by making it work better for society and the environment. Based on ten universally accepted principles, DEUTZ undertakes to promote human rights, fair working conditions, environmental protection, and the fight against corruption, and to prepare annual reports on its progress in respect of these issues.

By signing up, DEUTZ is also committed to actively supporting the United Nations’ 17 sustainable development goals (SDGs). The SDGs provide guidelines for a global sustainability policy. As an international company that operates within global value chains, DEUTZ has an influence on economic, environmental, and social developments. The Company is well aware of the responsibility that comes with this, and in 2021 prioritized eight sustainable development goals that it particularly wants to focus on. DEUTZ will concentrate primarily on aspects relating to climate change mitigation, fostering innovation, sustainable consumption and production, decent work, and gender equality.

A greener DEUTZ

DEUTZ is a pioneer of carbon-neutral drive systems for the off-highway sector. The Company is continuing to drive forward the shift to green engines, while sending a strong signal to the market with its growth strategy, under which it aims to generate more than half of its revenue with green drive technologies by 2031. From 2022 onward, the Company will make these activities more visible with the introduction of its new ‘Green’ segment.

DEUTZ is also achieving positive results with its Taking Responsibility sustainability strategy launched in 2019. In the 2021 sustainability rating by respected agency Vigeo Eiris, the Company enjoyed a year-on-year improvement of 11 percentage points in the categories ‘environment’, ‘social’, and ‘governance’. In the EcoVadis assessment in September 2021, DEUTZ won a bronze medal at the first attempt, achieving its highest points tallies in the categories ‘environment’ and ‘ethics’.

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DEUTZ joined the Diversity Charter employer initiative in January 2021. The common goal of the 4,000 companies is to strengthen and promote respect, appreciation, and diversity in the workplace, and to create a positive working environment for all employees – regardless of their age, ethnicity, nationality, gender, gender identity, physical and mental capabilities, religious beliefs and worldview, sexual orientation, or social background.