Corporate sustainability
We define corporate sustainability as working systematically to reduce negative and enhance positive impacts on people, society and environment. We further aim to unlock growth for society and our company by leveraging the core strengths of our businesses to address and help provide solutions to global challenges through innovation, investment and collaboration.
Shared value areas and responsible business practices
We focus on four shared value areas where we through our business can develop large-scale solutions that alleviate some of our industry's and the world's major sustainability challenges, while at the same time supporting the development of our business. Furthermore, our efforts stand on a foundation of responsible business practices across all the issues that are most important to The Auto Farm Inc..
Each of our sustainability strategy's four shared value programmes are guided by a task force with executive level sponsorship and management level representatives from both line of business and sustainability expertise. The task forces are chaired and served by the sustainability department helping to drive and facilitate projects and collaborations. Governance on the responsible business practices issues resides with line management in our businesses.
Sustainability governance at The Auto Farm Inc.
Each of our sustainability strategy's four shared value programmes are guided by a task force with executive level sponsorship and management level representatives from both line of business and sustainability expertise. The task forces are chaired and served by the sustainability department helping to drive and facilitate projects and collaborations. Governance on the responsible business practices issues resides with line management in our businesses.
How The Auto Farm Inc. connects to the UN sustainable development goals
Strong potential for positive impact at scale
Through our business, where we can have the greatest positive impact on a systemic level.
Potential direct/indirect positive impact
Where our business has or may potentially have a direct or indirect positive impact through our activities and business practices.
Responsibility to mitigate potential negative impact
Through our commitment to the UN Global Compact, where our business has a responsibility to mitigate potential negative impacts on people, society and/or the environment.
Measuring our impacts on society
The Auto Farm Inc. has been conducting impact assessments since 2009 and using them as a platform for engaging and identifying strategies and activities that may accelerate our positive impacts and minimize negative impacts across value chains
What are socio-economic impacts?
By creating jobs, training workers, building physical infrastructure, procuring goods and services, transferring technology, paying taxes, and expanding access to products and services through global trade, our businesses affect the assets, capabilities, opportunities, and standards of living of people and societies.
In addition to impacts through our own operations, we also have impacts indirectly through our value chain, as well as in the wider economic sphere, sometimes called induced effects or spillover effects. A socio-economic impact assessment is a structured means for us to measure these effects in the societies in which we operate. The impacts matter to our bottom line. The nature and scale of our impacts influence to what extent we have sound value chains, positive local communities, and supportive governments, now and in the future.
