STABILUS SE.
STM.XETRA | Manufacture of parts and accessories for motor vehicles
Stabilus SE is a global manufacturer of gas springs, dampers, and electromechanical drives and actuators. Their products are used in a wide variety of applications, including automotive (e.g., hood and trunk lifts), industrial (e.g., furniture, medical equipment, and machinery), and building technol...Show More
Better Health for All
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Stabilus has strong data protection standards, including TISAX certification at multiple sites in Germany, Romania, Mexico, and the USA, and states it appreciates the importance of data protection and information security for employees, customers, and business partners.
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However, the company's mental health initiatives are limited to prohibiting physical punishment, harassment, mental or physical assault, verbal abuse, and abuse of power against employees, with no broader programs or resources mentioned.
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Fair Money & Economic Opportunity
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Stabilus SE is a global manufacturer of motion control systems and solutions, not a financial institution.
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The provided articles describe its manufacturing operations, sales, and general corporate sustainability commitments, including adherence to a Code of Conduct and UN Sustainable Development Goals.
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There is no evidence that Stabilus SE offers lending, insurance, deposit services, or any other financial products to consumers. Therefore, all KPIs related to fair money and economic opportunity, which are designed for financial service providers, are not applicable to Stabilus SE based on the evidence provided.
Fair Pay & Worker Respect
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No evidence available to assess STABILUS SE on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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Stabilus conducts annual on-site audits for its tier-1 suppliers, referred to as Business Partners, or more frequently if risk assessments change.
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Unscheduled audits may also occur if there is suspicion of a violation of the Business Partner Code of Conduct.
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The company's Business Partner Code of Conduct, dated December 2023, is a binding component of the business relationship for its direct suppliers.
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These Business Partners are obligated to communicate the Code's principles to their employees and their own suppliers, and to endeavor to contractually oblige their suppliers to commit to these standards.
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Honest & Fair Business
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Stabilus SE has a formal whistleblower protection policy, including a secure, web-based portal available 24/7 that allows for anonymity and does not detect the user's IP address.
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However, there is no evidence provided regarding independent investigation processes, training, or uptake rates. The company has an anti-corruption policy, which includes a Code of Conduct and a Business Partner Code of Conduct, and mentions compliance with the German Supply Chain Due Diligence Act (LkSG).
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While FCPA-compliant policies are in place, the articles do not provide information on the frequency or effectiveness metrics of its training programs.
Kind to Animals
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The company's Business Partner Code of Conduct states a commitment to compliance with national and international rules regarding animal protection and animal testing, including the 3R principle (reduction, refinement, replacement) and the five freedoms of the Animal Welfare Committee (AWC).
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It also mentions compliance with animal welfare standards along the entire supply chain, including methods not involving animal testing where possible.
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However, the document does not provide specific details on measurable goals, enforcement, or the extent of animal testing or animal agriculture operations for the company itself.
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No War, No Weapons
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Stabilus's core business is in automotive, industrial, and building technology, indicating exports are confined to civilian markets. The company observes applicable statutory provisions on trade control, including import and export restrictions, embargo, and customs law, and requires business partners to comply with these regulations, including trade sanctions in the EU and US.
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Stabilus conducts annual audits, or more frequently if risk assessment changes, to monitor business partners' compliance with its Code of Conduct.
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The company is committed to respecting human rights in accordance with the United Nations Universal Declaration of Human Rights and explicitly aligns with the United Nations Guiding Principles on Business and Human Rights.
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Stabilus complies with all applicable laws and the OECD Guiding Principles regarding the procurement of minerals and materials from conflict regions and risk areas, requiring supply chain transparency to prevent the financing of armed groups.
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Planet-Friendly Business
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Stabilus SE has established CO2 reduction targets for 2030, aiming for a 30% reduction in Scope 1 emissions, a 100% reduction in Scope 2 emissions through a transition to renewable energy, and a 25% reduction in Scope 3 emissions.
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The company holds ISO 14001 for environmental management and ISO 50001 for energy management certifications.
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It also adheres to a Code of Conduct and the Supply Chain Act, and provides a whistleblower portal for reporting violations.
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Stabilus is assessed by ESG rating agencies such as CDP, Ecovadis, and Sustainalytics, with a goal to achieve top ratings by 2030.
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However, the provided articles do not contain specific quantitative data on current total greenhouse gas emissions, actual renewable energy usage, water consumption, waste diversion rates, or any other specific environmental performance metrics. There is no evidence of SBTi-validated targets, green building certifications, lifecycle assessments, or climate-related financial disclosures like TCFD alignment or climate scenario analysis.
Respect for Cultures & Communities
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No specific, concrete evidence was found in the provided articles to assess STM.XETRA against any of the KPIs for the 'Respect for Cultures & Communities' value. The articles primarily focus on general company information, career opportunities, and a high-level overview of CSR strategy, explicitly stating a lack of data for the requested metrics.
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Safe & Smart Tech
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No evidence available to assess STABILUS SE on Safe & Smart Tech.
Zero Waste & Sustainable Products
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Stabilus's Koblenz site achieved a waste diversion rate of 68.79% in FY 2019/20, with 2,870 tons of waste recycled out of 4,172 tons generated.
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The company implements multiple waste reduction initiatives, including reducing resource consumption, avoiding waste generation, changing production procedures, using alternative materials, economizing, recycling, reusing materials, and substituting renewable energy sources.
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For hazardous waste, the company complies with hazardous materials law and the Basel Convention, identifying and safely handling hazardous chemicals throughout their lifecycle, and had a target to reduce hazardous materials by 5% in FY 2019/20.
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Stabilus conducts annual waste audits for all facilities with action plans, as evidenced by the EMAS-certified Koblenz site's environmental statement.
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The company reported no waste disposal violations in the past three years at its Koblenz site.
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In FY 2019/20, the Koblenz site's material efficiency was 1.1864 tons of material input per ton of product output.
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Stabilus has company-wide CO2 reduction targets for 2030, aiming for a 42% reduction in Scope 1 and 2 emissions and a 25% reduction in Scope 3 emissions, with a Net Zero target by 2050.
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The Business Partner Code of Conduct, dated December 2023, obliges business partners to address its principles with their own suppliers and endeavor to contractually commit them to these standards.
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Stabilus has reduced its packaging volume by 50% and uses recycled paper for cardboard packaging.
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