COFERMIN and ESG: responsibility that we bear – out of conviction
Sustainability at COFERMIN is an entrepreneurial principle, not just a buzzword. Our industry is characterized by global supply chains and complex flows of goods, and this is precisely where we take responsibility. Out of conviction and not out of regulatory compulsion. In this article, we show how we specifically address the issue of sustainability, what attitude guides us and what measures we implement along our supply chains. Our ESG strategy is based on three pillars: environmental, social and corporate governance. Our updated ESG report shows what this strategy looks like in detail and what progress we have already made.
Our ESG strategy is based on three pillars
1. environment: responsibility along the supply chain
In the area of the environment, our focus is primarily on what we can actively influence: Transportation and logistics. We organize our flow of goods in such a way that COâ‚‚ emissions are consistently reduced. We achieve this by avoiding empty runs, well thought-out transport planning and consolidating freight areas. These measures sound simple, but are highly complex in practice, as they require long-term partnerships, an agile network and a willingness to rethink processes.
We also pay attention to efficiency and environmental compatibility when selecting our forwarding agents and logistics service providers. In addition, we look at the energy consumption of our locations and continue to develop our office ecology. Starting with the equipment and technical devices through to the daily use of resources.
2. social issues: people at the center
Our second ESG pillar focuses on people, both internally and externally. We are certain that a respectful, safe and motivating environment creates the basis for sustainable development. This is why we promote flat hierarchies, offer flexible working models, and invest specifically in professional development.
Clear minimum social standards also apply along our international supply chains. We only work with suppliers who offer fair working conditions. This also includes the consistent exclusion of raw materials from conflict regions – these criteria are non-negotiable for us.
We are also socially committed, e.g. through projects such as Water is Right or our involvement in the XLETIX MUDRUN. Creating social added value is just as important to us as economic success.
3. corporate governance: structures that enable trust
For us, value-based and transparent corporate governance is the third pillar of sustainable action. Governance, to us, is not about control; it’s about creating a framework in which trust can grow. We rely on clear decision-making processes, defined responsibilities and a functioning risk management system.
Our governance structure enables us to formulate and live values together with our teams across all business units. This understanding of values shapes not only our internal interactions, but also our partnerships. We strive for collaborations that are characterized by ethics, transparency, sustainability and genuine value creation.
ESG should not be a project, because as a process it achieves far more.
Our industry is fast, complex and global. It would be easy to pass on responsibility to others, but that contradicts our self-image. COFERMIN takes responsibility for supply chains, products and employees. Our ESG commitment is not a short-term trend, but a long-term process that we actively shape and continuously develop.
At the end of the day, COFERMIN’s motto is: “We take raw material supply personally” by acting reliably, clearly and with attitude.
Martin Polczyk
Chief Operating Officer at COFERMIN Group
As the COO of COFERMIN Group, I bring nearly two decades of experience in the raw materials, and steel and metal industry. At the interface between producers and consumers, I advocate for transparency and innovation in the global industry, with a special focus on digital transformation and sustainability. I am also responsible for our “Future Fit” initiative and am passionate about bridging gaps in the value chain to deliver added value to our customers and suppliers.