Corporate sustainability and responsibility is an integral part of our business. Grundfos operates with four basic concepts: compliance, responsibility, sustainability and shared value.
Compliance and Responsibility
We believe that we have an obligation to always behave responsibly – in business and in society. We comply with international and local standards, regulations and legislation wherever we operate.
Furthermore, Grundfos operates in a manner that meets or exceeds compliance with the ethical, legal, and public expectations made by society. We are convinced that as a company, we have a responsibility towards the environment, employees, and local communities as well as conducting a fair and correct behaviour towards our customers, suppliers and competitors.
In addition to corporate responsibility and compliance, sustainability is a key concept in Grundfos. The overall objective is for this generation to hand over planet earth to the next generation as a cleaner and more energising place than we inherited. Sustainability is about meeting the needs of the present without compromising the ability of future generations to meet their own needs in terms of both natural resources and social wellbeing.
In Grundfos, sustainability is first and foremost related to the way we respond to the climate challenges as formulated in our Innovation Intent.
To maximise value we must bring compliance, responsibility and sustainability to an even higher level, namely creating shared values. Simply stated, in order to create value for Grundfos, we need to create value for the people in the countries in which we operate.
The Grundfos Shared Value Model identifies the four main areas of value creation; purchase, process, people, and product. It helps us to identify and list our initiatives in order of priority, thereby increasing the impact for Grundfos and for the surrounding society.