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Annual Report 2010 - Frauenthal Holding AG

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72 <strong>Annual</strong> <strong>Report</strong> <strong>2010</strong><br />

Operating Review<br />

Sustainability and<br />

corporate social responsibility<br />

Acting responsibly and conducting our business in a sustainable<br />

manner are just as important to the <strong>Frauenthal</strong><br />

Group as the profit principle. Besides the common values<br />

shared by all of us working for the Group, many areas of<br />

our activities call for particular care in our treatment of<br />

people and resources. <strong>Frauenthal</strong> sees success as more<br />

than a matter of positive short-term financial results, but<br />

of sustainable business development, based on a responsible<br />

approach to employees, customers, society and the<br />

environment. This is achieved by management decisions<br />

which take the big picture into account, and by actively<br />

involving many of our people in a wide range of decisions<br />

affecting the Group’s divisions.<br />

Increased production efficiency is directly linked to our<br />

business and environmental aims. Best practice and lean<br />

management make a considerable contribution to this,<br />

and support our efforts to conserve natural resources.<br />

We attach particular importance to reducing energy consumption<br />

and rejects in our production processes. In all divisions,<br />

the development of the product mix is also driven<br />

by environmental concerns. For example, the Industrial<br />

Honeycombs Division has long helped reduce greenhouse<br />

gas emissions by manufacturing diesel and power station<br />

catalysts. Our R&D effort in the Automotive Components<br />

Division is leading the way in developing ever lighter and<br />

longer lasting leaf springs. Weight reduction and a longer<br />

useful life – preventing the frequent replacement of<br />

components – play a part in the production of more en-<br />

“i have seized the opportunities offered to me, accepted challenges, and<br />

always tried to grow by shouldering new responsibilities and learning as<br />

i went along. good team spirit, Sht’s progress, and staff development<br />

are the things that are closest to my heart.“<br />

Beatrix Pollak, member of the SHT Executive Board<br />

“on our own, we are just words, together we are a poem. Managers should<br />

remember that what they are thinking will be the atmosphere they create.“<br />

Karin Many, Head of Human Resources Management<br />

vironmentally friendly commercial vehicles. Last but not<br />

least, the Wholesale Plumbing Supplies Division focuses<br />

on renewable energy technologies such as photovoltaics,<br />

heat pumps and thermal solar collectors in its energy<br />

consultancy activities and sales of renovation products.<br />

The development of sustainable technologies and systematic<br />

improvements along the value chain depend on<br />

our people’s expertise and experience. For this reason,<br />

training and personality development have are a top<br />

priority at <strong>Frauenthal</strong>, as shown by our wide-ranging<br />

training programme. This includes specific not only occupational<br />

training and lean management courses, but<br />

is also promoting the adoption of English as the Group<br />

language. In addition, safety at work is a central concern,<br />

and we also attach importance to ergonomics and<br />

preventive medicine.<br />

Regular the shop floor inspections and lean management<br />

workshops offer good opportunities to identify and<br />

implement potential improvements.

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