In-depth Presentation: Mutares’ ESG and Compliance Strategies for 2023
Verena Gessner, the ESG Reporting Manager, and Lennart Bauernfeind, the Compliance Officer, shed light on the company’s environmental, social, and governance (ESG) strategies and compliance measures for 2023.
Environmental Initiatives
Verena Gessner led the dialogue, emphasising Mutares’ commitment to stringent environmental stewardship, with aims to enhance environmental and energy management systems across all sectors, namely automotive, mobility, engineering, technology, food, retail, and goods and services.
Greenhouse Gas Emission Reductions
Setting a quantifiable target, the company aspires to reduce greenhouse gas emissions by 10% for every portfolio company by 2028. Highlighting energy efficiency as a pivotal component, particularly amidst the current energy crisis and impending energy transition.
Social Dimensions
In the social arena, Mutares aims to nurture a zero-accident safety culture and fervently advocates for gender diversity within Mutares holding and across their portfolio.
Community Engagement and CSR
Community engagement and corporate social responsibility (CSR) are paramount, exemplified by their sustained financial support for the Munich Children’s Hospice over the past three years.
Governance and Compliance
Within governance, the firm is pioneering the formulation of a uniform compliance management system, a supplier and business partner code of conduct, and a comprehensive code of conduct throughout its entire portfolio.
ESG Practices at Every Phase
Verena underscored the pivotal role of ESG practices, affirming their integration at every stage of the investment life cycle – from sourcing deals and due diligence to holding and, ultimately, exiting.
Details on Compliance Dimension
Lennart Bauernfeind took the stage to expound upon the compliance dimension, illustrating how Mutares customises its compliance expectations according to the varying stages of its portfolio lifecycle.
High-level Risk Assessment Tool
A high-level risk assessment tool has been devised for their portfolio companies, facilitating the optimisation of their compliance efforts. Lennart further emphasised the shared responsibility between Mutares and its portfolio companies in maintaining compliance and highlighted Mutares’ signatory status to the UN Global Compact in 2021, symbolising their staunch commitment to global compliance standards.
Conclusion
Verena and Lennart provided a thorough insight into Mutares’ profound commitment to ESG principles and compliance, outlining their strategic vision for a sustainable future.