For LEDVANCE, sustainability is a fundamental component of business ethics and, among other things, crucial to our strategic decisions. We utilize the almost unlimited possibilities of light to work together with our stakeholders to sustainably improve people's quality of life. This is an essential part of our corporate responsibility.
LEDVANCE attaches great importance to meeting global challenges such as climate change and scarcity of resources. We reduce the consumption of natural resources, save energy during production and thus help to reduce emissions. We recycle lamps and other materials to minimize waste. Our commitment also extends to our employees and customers. We take responsibility for our employees and locations and promote sustainable action in the lighting industry.
We help our customers save energy and reduce their environmental footprint. The interdisciplinary topic of sustainability is directly linked to the company management via the function of the Chief Sustainability Officer.
LEDVANCE is proud to be one of the signatories of the United Nations Global Compact and, together with the United Nations, to be able to shape globalization in a more social and ecological way. We are committed to incorporating the UN Global Compact and its principles into the strategy, culture and day-to-day operations of our company. As part of a network of nearly ten thousand companies, we support the UN Global Compact's ten principles on human rights, labor, the environment and anti-corruption.
UN Global Compact: Communication on Progress