20120227 avoiding social liabilities weigand

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Avoiding Social Liabilities ?

Build Social Capabilities

Jrgen Weigand


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Human history is a race between

education and catastrophe.H G Wells


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CAMPAIGNING forSUSTAINABILITY


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The GERMANPERSPECTIVE


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SOCIETY

ECONOMY

ECOLOGY

SOCIAL

MARKET

ECONOMY


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ECONOMICWELL-BEING


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The Honorable

Merchant

Personal level

- Humanistic education- Economic know-how

- Grounded, virtuous

DEEP SENSE OF

RESPONSIBILITY & RESPECT

towards

Firm level

- Employees

- Customers

- Suppliers- Investors

- Competitors

Societal level

- Consumers

- Community

- General public- Political system

- Environment

STAKEHOLDERS


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The Executive Board is neither obligated nor

authorized to exclusively act in the interest of

shareholders.German Law on Stock Corporations

Property entails obligations. Its use shall also serve

the public good.German Constitution, Article 14.2

In pursuance of their economic objectives

shareholders shall not compromise employee

interest and public interest.Judgment, German Federal Constitutional Court


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Balancing of stakeholder interests shall be the

binding guiding principle of the executive

management of business organizations.Judgmental interpretation, German Federal Court of Justice

Executive management decisions have to be

geared towards long-run profitability of the firm.

[This involves] substantial asset

preservation, market-based return on capital

employed as well as a fair risk premium for

investments aiming at sustaining the corporation.German Law on Stock Corporations


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Codetermination


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I don't pay good wages

because I have a lot of

money; I have a lot of

money because I paygood wages.

Robert Bosch(1861-1942)


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SOCIALPEACE


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Social housing

Fuggerei, Augsburg, Germany

Jakob Fugger

1459-1525


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Otto von Bismarck

1815-1898

Statutory Social Security System

Introduction in 1870s


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Short-Time Work

Temporary payments from

statutory unemployment insurance funds


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PROTECTION ofENVIRONTMENT


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1980


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CORPORATESOCIAL

RESPONSIBILITY

d d


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Adidas GroupVision

Our vision is clear: to enhance social and environmental performance in the company and the supply chain, thereby

improving the lives of the people making our products. We are striving to be the global leader in the sporting goodsindustry and this demands that we return strong financial results. But leadership is not only about results, it is also about

how success is achieved. We are accountable for the way we do business. In particular, we accept responsibility for the way

our products are manufactured by our suppliers. By our actions we can and should improve the lives of workers who

make our products. We are committed to good governance, and use our sustainability statement and our corporatemissions on Social and Environmental Affairs, Human Resources and Community Affairs to achieve our vision.

Values

Performance Passion Integrity Diversity

i d f


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BeiersdorfVision

Economic success, respect for people, and active environmental protection are

three equally important aspects at Beiersdorf. They reflect our understanding ofresponsible corporate governance and are based on the guiding principle of the

Brundlandt Report published by the World Commission on Environment and

Development in 1987:

"Sustainable development meets the needs of the present without compromising

the ability of future generations to meet their own needs."

Sustainability in packaging development

In developing packaging, our attention is directed at three key

criteria: avoid, reduce, recycle. This has allowed us to achieve

significant savings over the entire life cycle of several different

packaging designs.

BMW G


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BMW GroupVision

We have a clear vision: we aim to be the worlds leading provider of premium products and services for individual mobility.

By acting in a sustainable and responsible way in all areas, we are taking a step-by-step approach to ensure this vision

becomes reality. After all, sustainable action is an investment in our future.

.. our focus is on all three aspects of sustainability economic, environmental and social.

Sustainability Initiatives

Sustainable Operations Product Responsibility EnvironmentalProtection

Employees Society


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3RULES

Building

social capabilities


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The environment is everything

else except me.Albert Einstein


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Act only according to that

maxim whereby you can, at the

same time, will that it should

become a universal law.

Immanuel Kant


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Today, more than ever before, lifemust be characterized by a sense

ofUniversal Responsibility, not

only nation to nation and human

to human, but also human to

other forms of life.Dalai Lama


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20120227 avoiding social liabilities weigand

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