In 1886, Robert Bosch founded the “Workshop for Precision Mechanics and Electrical Engineering” in Stuttgart. This was the birth of today‘s globally operating company. Right from the start, it was characterized by innovative strength and social commitment.
For us, sustainability means securing the company’s long-term success while at the same time protecting the natural resources on which present and future generations depend. Ecology is thus a driver of innovation. At the same time, we demonstrate a particularly high level of corporate social responsibility — both within the company and beyond.
As our “We are Bosch” mission statement says, “We promise only what we can deliver, accept agreements as binding, and respect and observe the law in all our business transactions.” To underscore the importance of this principle, we have summed up our position with regard to legal requirements and ethical issues in our globally applicable Code of Business Conduct. The Code of Business Conduct serves as a guideline for how to do business.
Bosch has a global compliance system headed by a chief compliance officer who reports directly to the board of management. There is also a corporate compliance department and compliance officers in all divisions and regions.
Prevention and inspection measures including the dual-control principle, job rotation in sensitive areas, as well as regular audits are designed to support our values-based compliance system. We also have a mandatory compliance training program for our associates. In addition, we have established a “Compliance Dialogue,” which allows compliance-related topics and experience to be discussed among our executives, associates, and compliance officers.
The compliance system also includes a reporting hotline, which associates, business partners, and third parties can use to report irregularities at any time. Responsible and legally compliant behavior does not stop at company boundaries. With this in mind, we have established a Code of Conduct for suppliers, which defines the principles and requirements for collaborating with Bosch. We conduct regular audits to ensure that our suppliers comply with these principles. In such a fast moving environment, we continuously review our compliance system to be able to quickly adapt our rules and processes to new legal and technical developments.
Environmental mission and strategy (ESG)
Bosch Sustainability strategy
By acting in an economically, environmentally, and socially responsible manner, we want to improve people’s quality of life and safeguard the livelihoods of present and future generations.
Bosch has set itself clear sustainability targets with its “New Dimensions — Sustainability 2025” target vision. The vision describes six fundamental dimensions, each of which is specified and elaborated further by reference to two key aspects with clearly defined, medium-term targets. Derived from the megatrends affecting our company and the findings of our materiality analysis, the dimensions set the stage for our activities in the years ahead.