Principles and Goals

Sustainability has been firmly entrenched in our business processes for years. At WACKER, we aim to balance economic, ecological and social factors in everything we do. The fact that sustainability appears in two of our five strategic goals underscores its importance.

Our corporate management is involved in issues of sustainability, including the managers in charge of Environment, Health and Safety (EHS), Product Safety (PS) and Sustainability. The Executive Board members sit on the Sustainability Council and are kept informed by the Chief Compliance Officer of issues discussed by the Human Rights Committee.

In line with its purpose as an innovative chemical company – Our solutions make a better world for generations – WACKER makes an important contribution to improving the quality of life of people all around the world. We want to continue developing and supplying solutions that meet our own expectations – namely to add value for our customers and shareholders, and to achieve sustainable growth.

WACKER’s Sustainability Targets

Global warming due to rising greenhouse gas emissions is a socially and economically relevant environmental factor. We want to be at the vanguard in the fight against climate change and reduce both our own emissions as a company and those of our products. That is why we have set sustainability targets, with the aim of achieving net zero by 2045.

The goals we have set are ambitious. For example, by 2030, WACKER intends to cut its absolute greenhouse gas emissions by 50 percent relative to 2020.

WACKER is striving to ensure that its entire product portfolio meets defined sustainability criteria by 2030. We also expect all our key suppliers to meet defined sustainability standards by 2030. During the same period, we aim to reduce by 25 percent the emissions from the upstream products we use. In addition, WACKER has set new targets for specific water withdrawal and specific energy consumption, striving to achieve a reduction of 15 percent in both by 2030.

The targets to cut greenhouse gases are validated science-based targets, meaning they are consistent with the “1.5 °C” target of the Paris Agreement.

In addition, we have set ourselves diversity targets. By 2030, we would like women to occupy about one in three management positions and roughly one in two management positions to be located outside of Germany.

Safety has top priority at WACKER. Our goal every year is to avoid any chemical accidents with missed workdays or severe plant-safety incidents.

Sustainability Strategy: SustainaBalance^®

SustainaBalance^® is WACKER’s holistic sustainability strategy to achieve its medium- and long-term sustainability targets. We promote the balance between ecological, social and economic factors based on three pillars: Value Up, Footprint Down, Collaboration Beyond.

SustainaBalance^® is directly related to the 17 goals of the UN’s 2030 Agenda for Sustainable Development.

WACKER’s SustainaBalance^® is a commitment to responsible stewardship and contributes to the implementation, in particular, of seven UN SDGs: