Reebok 2014 Annual Report Download - page 29

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2014
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01.5
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Corporate Governance Report including the Declaration on Corporate Governance
To Our Shareholders
adidas Group
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2014 Annual Report
Suggestions of the German Corporate Governance Code fulfilled
In addition to the recommendations, the Code contains a number of suggestions for good and
responsible corporate governance, compliance with which is not required to be disclosed by law.
The adidas Group is fully compliant with all suggestions of the Code.
Relevant management practices
Performance, passion, integrity and diversity are the core values of our Group. They are actively lived
by our Executive Board members, Supervisory Board members and our employees and have been
incorporated into our Code of Conduct which we completely revised in the past year, eight years
after it was originally introduced in 2006. Our business activities are oriented towards the legal
systems in the various countries and markets in which we operate. This implies a high level of social
and environmental responsibility.
Compliance with working and social standards: The development of company guidelines with
regard to social minimum standards, work safety as well as health and environmental protection
and the monitoring thereof at the production facilities of the adidas Group and its business partners
is an integral component of our corporate policy. Our Group has a separate Code of Conduct for the
supply chain, the ‘Workplace Standards’. These standards are oriented towards the conventions of
the International Labour Organization (ILO) and follow the code of conduct of the World Federation
of the Sporting Goods Industry (WFSGI). They help us to only choose such business partners who
fulfil our Workplace Standards and the requirements of our business practices. We have appointed
an expert team especially for the coordination of compliance with, and control of, the Workplace
Standards. We report on our sustainability programme in this Annual Report, publish a detailed
sustainability report annually and provide information on our progress throughout the year on our
website.
Environmental responsibility: For long-term, successful management of the adidas Group,
sustainable actions that embrace, in particular, social and environmental responsibility towards
present and future generations are essential. Our Social & Environmental Affairs department, with
its worldwide team, has for many years been monitoring the rights of employees in the supply chain
as well as with the coordination of the environmental strategy and product safety management.
In line with the Group-wide sustainability programme, the adidas Group developed a comprehensive
environmental strategy. The objective of the strategy is to make processes more efficient and
environmentally friendly at every stage of the value chain. This ranges from areas such as product
design, material development and selection, development and sourcing, logistics and IT systems, to
improving the efficiency of company-owned locations. Optimising these processes makes it possible
for the adidas Group to offer more sustainable products and improve the company’s environmental
performance in the future. With our environmental strategy, we have set precise goals concerning
the reduction of emissions. A key element of these goals is also the introduction of uniform
environmental management systems at company-owned locations in compliance with ISO 14001.
www.adidas-group.com/s/standards-and-policies
see Sustainability, p. 89
www.adidas-group.com/s/green-company
Further information on the
principles of our management
More information on topics covered in this
report can be found on our website at
w ww.adidas-group.com including:
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Code of Conduct
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Sustainability
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Social commitment
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Risk and opportunity management and
compliance
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Information and documents on the Annual
General Meeting
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Directors’ dealings
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Accounting and annual audit