Annual Report 2023

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Creating tomorrow’s solutions

GRI Index

Wacker Chemie AG has reported on the information given in this GRI content index for the period January 1, 2023 to December 31, 2023, with reference to the GRI Standards. GRI 1: Foundation 2021 was used to compile this report. We use this content index to refer to GRI indicators that are mentioned in the various sections of this report.

We report on those measures we use to implement the principles of the UN Global Compact and to contribute toward the UN Sustainable Development Goals (SDGs). We use this content index to refer to topics of relevance to the Global Compact and SDGs.

GRI 1: Foundation (2021)

Foundation

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

Applicable GRI sector standards.

 

There is no sector standard available.

 

 

 

 

 

 

GRI 2: General Disclosures (2021)

The Organization and its Reporting Practices

The organization and its reporting practices

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

2-1

 

Organizational details

 

Information on the WACKER Group

 

 

 

 

2-2

 

Entities included in the organization’s sustainability reporting

 

Information on the WACKER Group

 

 

 

 

2-3

 

Reporting period, frequency and contact point

 

Information on the WACKER Group

 

 

 

 

2-4

 

Restatements of information

 

There were no retroactive restatements of information in the reporting year.

 

 

 

 

2-5

 

External assurance

 

Information on the WACKER Group

 

 

 

 

Activities and Workers

Activities and workers

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

2-6

 

Activities, value chain and other business relationships

 

Information on the WACKER Group
Sustainability along the Supply Chain
Research and Development
Sustainable Products

 

 

 

 

2-7

 

Employees

 

Employment Structure, Compensation and Social Benefits
Diversity, Inclusion and Equal Opportunity

 

 

 

8.5, 10.3

2-8

 

Workers who are not employees

 

Employment Structure, Compensation and Social Benefits

 

 

 

8.5

Governance

Governance

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

2-9

 

Governance structure and composition

 

Management Structures

 

 

 

5.5, 16.7

2-10

 

Nomination and selection of the highest governance body

 

Annual Report 2023: Declaration on Corporate Management

 

 

 

5.5, 16.7

2-11

 

Chair of the highest governance body

 

Management Structures

 

 

 

16.6

2-12

 

Role of the highest governance body in overseeing the management of impacts

 

Management Structures
Risk and Compliance Management

 

 

 

16.7

2-13

 

Delegation of responsibility for managing impacts

 

Management
Management Structures
Personnel Responsibility
Risk and Compliance Management
Preventing Corruption and Bribery

 

 

 

 

2-14

 

Role of the highest governance body in sustainability reporting

 

Information on the WACKER Group

 

 

 

 

2-15

 

Conflicts of interest

 

Declaration on Corporate Management

 

 

 

 

2-16

 

Communication of critical concerns

 

Risk and Compliance Management

 

 

 

 

2-17

 

Collective knowledge of the highest governance body

 

Declaration on Corporate Management

 

 

 

 

2-18

 

Evaluation of the performance of the highest governance body

 

Declaration on Corporate Management

 

 

 

 

2-19

 

Remuneration policies

 

Declaration on Corporate Management

 

 

 

 

2-20

 

Process to determine remuneration

 

Declaration on Corporate Management

 

 

 

 

2-21

 

Annual total compensation ratio

 

Declaration on Corporate Management

 

 

 

 

Strategy, Policies and Practicies

Strategy, policies and practicies

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

2-22

 

Statement on sustainable development strategy

 

Information on the WACKER Group

 

 

 

 

2-23

 

Policy commitments

 

Principles and Goals
Ethical Principles
Voluntary Commitments
Controlling Instruments
Product Assessment Based on Sustainability Criteria

 

7, 10

 

16.3

2-24

 

Embedding policy commitments

 

Conflict-Free Minerals

 

 

 

 

2-25

 

Processes to remediate negative impacts

 

Controlling Instruments
Plant and Transport Safety
Product Assessment Based on Sustainability Criteria

 

 

 

 

2-26

 

Mechanisms for seeking advice and raising concerns

 

Voluntary Commitments
Risk Report

 

 

 

16.3

2-27

 

Compliance with laws and regulations

 

Data Protection

 

 

 

 

2-28

 

Membership associations

 

Social Responsibility

 

 

 

 

Stakeholder Engagement

Stakeholder Engagement

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

2-29

 

Approach to stakeholder engagement

 

Information on the WACKER Group
Social Responsibility
Customer Management

 

 

 

 

2-30

 

Collective bargaining agreements

 

Employee Representation

 

3

 

8.8

GRI 3: Material Topics (2021)

Material Topics

Material Topics

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-1

 

Process to determine material topics

 

Information on the WACKER Group

 

 

 

 

3-2

 

List of material topics

 

Information on the WACKER Group

 

 

 

 

3-3

 

Management of material topics

 

Integrated Management System

 

 

 

 

GRI 201: Economic Performance (2016)

GRI 200: Economic

Economic Performance

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Annual Report 2023: Business Model of the Group
Annual Report 2023: Risk Management Structures and Tools
Annual Report 2023: Strategy of the WACKER Group
Annual Report 2023: Value-Based Management Is Integral to Our Corporate Policies

 

 

 

 

 

 

 

 

 

 

 

 

 

201-1

 

Direct economic value generated and distributed

 

Annual Report 2023: Statement of Income
Employment Structure, Compensation and Social Benefits
Personnel Development

 

 

 

8.1, 8.2, 9.1, 9.4, 9.5

201-3

 

Defined benefit plan obligations and other retirement plans

 

Annual Report 2023: Notes of the WACKER Group – Notes to the Statement of Financial Position

 

 

 

 

GRI 203: Indirect Economic Impacts (2016)

Indirect Economic Impacts

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Social Responsibility

 

 

 

 

 

 

 

 

 

 

 

 

 

203-1

 

Infrastructure investments and services supported

 

Social Responsibility

 

 

 

5.4, 9.1, 9.4, 11.2

203-2

 

Significant indirect economic impacts

 

Social Responsibility

 

 

 

1.2, 1.4, 3.8, 8.2, 8.3, 8.5

GRI 205: Anti-Corruption (2016)

Anti-corruption

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Preventing Corruption and Bribery

 

 

 

 

 

 

 

 

 

 

 

 

 

205-1

 

Operations assessed for risks related to corruption

 

Preventing Corruption and Bribery

 

10

 

16.5

205-2

 

Communication and training about anti-corruption policies and procedures

 

Preventing Corruption and Bribery

 

10

 

16.5

205-3

 

Confirmed incidents of corruption and actions taken

 

Preventing Corruption and Bribery

 

10

 

16.5

GRI 300: Environmental

GRI 301: Materials (2016)

Materials

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Production/Environmental Protection
Integrated Production – Our Greatest Strength
Product Assessment Based on Sustainability Criteria

 

 

 

 

 

 

 

 

 

 

 

 

 

301-2

 

Recycled input materials used

 

Integrated Production – Our Greatest Strength

 

8

 

8.4, 12.2, 12.5

GRI 302: Energy (2016)

Energy

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Production/Environmental Protection
Energy
Product Assessment Based on Sustainability Criteria

 

 

 

 

 

 

 

 

 

 

 

 

 

302-1

 

Energy consumption within the organization

 

Energy

 

7, 8

 

7.2, 7.3, 8.4, 12.2, 13.1

302-4

 

Reduction of energy consumption

 

Energy

 

8, 9

 

7.3, 8.4, 12.2, 13.1

GRI 303: Water and Effluents (2018)

Water and Effluents

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Water
Product Assessment Based on Sustainability Criteria

 

 

 

 

 

 

 

 

 

 

 

 

 

303-1

 

Management approach: Interactions with water as a shared resource

 

Water
Product Assessment Based on Sustainability Criteria

 

 

 

6.3, 6.4, 6.a, 6.b, 12.4

303-3

 

Water withdrawal

 

Water

 

 

 

6.4

303-4

 

Water discharge

 

Water

 

 

 

6.3

GRI 304: Biodiversity (2016)

Biodiversity

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Nature Conservation
Product Assessment Based on Sustainability Criteria

 

7

 

 

 

 

 

 

 

 

 

 

 

304-1

 

Operational sites owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas

 

Nature Conservation

 

 

 

6.6, 14.2, 15.1, 15.5

304-2

 

Significant impacts of activities, products, and services on biodiversity

 

Nature Conservation

 

 

 

6.6, 14.2, 15.1, 15.5

304-3

 

Habitats protected or restored

 

Nature Conservation

 

8

 

6.6, 14.2, 15.1, 15.5

GRI 305: Emissions (2016)

Emissions

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Production/Environmental Protection
Emissions
Product Assessment Based on Sustainability Criteria

 

8

 

 

 

 

 

 

 

 

 

 

 

305-1

 

Direct (Scope 1) GHG emissions

 

Emissions

 

7, 8

 

3.9, 12.4, 13.1, 14.3, 15.2

305-2

 

Energy indirect (Scope 2) GHG emissions

 

Emissions

 

7, 8

 

3.9, 12.4, 13.1, 14.3, 15.2

305-3

 

Other indirect (Scope 3) GHG emissions

 

Emissions

 

7, 8

 

3.9, 12.4, 13.1, 14.3, 15.2

305-7

 

Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions

 

Emissions

 

7, 8

 

3.9, 12.4, 14.3, 15.2

GRI 306: Waste (2020)

Waste

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Production/Environmental Protection
Waste

 

 

 

 

 

 

 

 

 

 

 

 

 

306-1

 

Management approach: Waste generation and significant waste-related impacts

 

Waste

 

8, 9

 

3.9, 6.3, 6.6, 11.6, 12.4, 12.5

306-2

 

Management approach: Management of significant waste-related impacts

 

Waste

 

8, 9

 

3.9, 6.3, 8.4, 11.6, 12.4, 12.5

306-3

 

Waste generated

 

Waste

 

8, 9

 

3.9, 6.6, 11.6, 12.4, 12.5, 15.1

306-4

 

Waste diverted from disposal

 

Waste

 

8, 9

 

3.9, 11.6, 12.4, 12.5

306-5

 

Waste directed to disposal

 

Waste

 

8, 9

 

11.6, 12.4, 12.5, 15.1, 3.9, 6.6

GRI 308: Supplier Environmental Assessment (2016)

Supplier Environmental Assessment

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Sustainability along the Supply Chain

 

 

 

 

 

 

 

 

 

 

 

 

 

308-2

 

Negative environmental impacts in the supply chain and actions taken

 

Processes and Tools
Supplier Assessment

 

7

 

 

GRI 400: Social

GRI 401: Employment (2016)

Employment

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Employment Structure, Compensation and Social Benefits

 

 

 

 

 

 

 

 

 

 

 

 

 

401-1

 

New employee hires and employee turnover

 

Employment Structure, Compensation and Social Benefits

 

6

 

5.1, 8.5, 8.6, 10.3

GRI 402: Labor/Management Relations (2016)

Labor/Management Relations

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Employment Structure, Compensation and Social Benefits

 

 

 

 

 

 

 

 

 

 

 

 

 

402-1

 

Minimum notice periods regarding operational changes

 

Employment Structure, Compensation and Social Benefits

 

3

 

8.8

GRI 403: Occupational Health and Safety (2018)

Occupational Health and Safety

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Workplace Safety

 

 

 

 

 

 

 

 

 

 

 

 

 

403-1

 

Management approach: Occupational health and safety management system

 

Workplace Safety

 

 

 

8.8

403-2

 

Management approach: Hazard identification, risk assessment, and incident investigation

 

Plant and Transport Safety
Workplace Safety

 

 

 

8.8

403-3

 

Management approach: Occupational health services

 

Plant and Transport Safety
Health Management

 

 

 

8.8

403-4

 

Management approach: Worker participation, consultation, and communication on occupational health and safety

 

Plant and Transport Safety

 

 

 

8.8, 16.7

403-5

 

Management approach: Worker training on occupational health and safety

 

Plant and Transport Safety
Workplace Safety

 

 

 

8.8

403-6

 

Management approach: Promotion of worker health

 

Health Management

 

 

 

 

403-7

 

Management approach: Prevention and mitigation of occupational health and safety impacts directly linked by business relationships

 

Plant and Transport Safety
Workplace Safety

 

 

 

8.8

403-9

 

Work-related injuries

 

Workplace Safety

 

 

 

3.6, 3.9, 8.8, 16.1

GRI 404: Training and Education (2016)

Training and Education

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Personnel Development

 

 

 

 

 

 

 

 

 

 

 

 

 

404-3

 

Percentage of employees receiving regular performance and career development reviews

 

Personnel Development

 

6

 

5.1, 8.5, 10.3

GRI 405: Diversity and Equal Opportunity (2016)

Diversity and Equal Opportunity

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Diversity, Inclusion and Equal Opportunity

 

 

 

 

 

 

 

 

 

 

 

 

 

405-1

 

Diversity of governance bodies and employees

 

Diversity, Inclusion and Equal Opportunity

 

6

 

5.1, 5.5, 8.5

GRI 406: Non-Discrimination (2016)

Non-discrimination

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Diversity, Inclusion and Equal Opportunity

 

 

 

 

 

 

 

 

 

 

 

 

 

406-1

 

Incidents of discrimination and corrective actions taken

 

We do record discrimination cases within the Compliance Reports to the Executive Board

 

6

 

5.1, 8.8

GRI 407: Freedom of Association and Collective Bargaining (2016)

Freedom of Association and Collective Bargaining

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Voluntary Commitments

 

 

 

 

 

 

 

 

 

 

 

 

 

407-1

 

Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk

 

Employee Representation
Processes and Tools
Supplier Assessment

 

3

 

8.8

GRI 413: Local Communities (2016)

Local Communities

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Soil and Groundwater

 

 

 

 

 

 

 

 

 

 

 

 

 

413-1

 

Operations with local community engagement, impact assessments, and development programs

 

Social Responsibility

 

 

413-2

 

Operations with significant actual and potential negative impacts on local communities

 

Soil and Groundwater

 

1

 

1.4, 2.3

GRI 414: Supplier Social Assessment (2016)

Supplier Social Assessment

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Sustainability along the Supply Chain

 

 

 

 

 

 

 

 

 

 

 

 

 

414-2

 

Negative social impacts in the supply chain and actions taken

 

Processes and Tools
Supplier Assessment
Conflict-Free Minerals

 

1, 2

 

5.2, 8.8, 16.1

GRI 416: Customer Health and Safety (2016)

Customer Health and Safety

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Product Safety

 

 

 

 

 

 

 

 

 

 

 

 

 

416-1

 

Assessment of the health and safety impacts of product and service categories

 

Product Safety

 

 

 

 

GRI 417: Marketing and Labeling (2016)

Marketing and Labeling

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Product Safety

 

 

 

 

 

 

 

 

 

 

 

 

 

417-1

 

Requirements for product and service information and labeling

 

Product Safety

 

 

12.8

GRI 418: Customer Privacy (2016)

Customer Privacy

 

 

 

 

 

 

 

 

 

Disclosures

 

Link

 

Global Compact Principles

 

Sustain­able Develop­ment Goals (SDG)

 

 

 

 

 

 

 

 

 

3-3

 

Management of material topics

 

Data Protection

 

 

 

 

 

 

 

 

 

 

 

 

 

418-1

 

Substantiated complaints concerning breaches of customer privacy and losses of customer data

 

Data Protection

 

 

16.3, 16.10