Management of Our Material Impacts, Risks and Opportunities

WACKER is a global producer that has both positive and negative impacts on its own workforce.

The actual and potential impacts on our workforce are especially due to our business as a producer in the chemical industry. Our global business operations with key production sites in Germany involve risks too. We take a range of measures to address the impacts and risks and make us an attractive employer on the labor market. This does not impact our business model.

The following is a description, for specific topics, of WACKER’s positive and negative material impacts as well as our risks in relation to our own workforce along with information on our policy to counter these impacts and to minimize risks. We finish by describing specific goals and actions taken where applicable.

We see all the aforementioned impacts and risks in our own operations. We also see these impacts as systemic and widespread in the chemical industry. Our negative impacts are not the result of individual incidents.

WACKER makes an appropriate budget and personnel available in order to actively respond to material impacts and risks while taking suitable actions. Targeted investments in training programs, safety measures and sustainable technologies allow us not only to strengthen our competitiveness but also to minimize potential risks that could impact our workforce and the environment.