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The world around us, our shared concern

Consistent with our better together aspiration, we relentlessly pursue to be the preferred supplier for our steel wire products and solutions, by continuously delivering superior value to our customers around the world. This is our Vision, our Field of Play.

With this Vision statement, we describe what we want to be, where we want to compete and invest, and how we run our business: better together
better together sums up the unique cooperation within Bekaert and between Bekaert and its stakeholders. We are committed to delivering long-term value to all of them and as such, create sustainable business partnerships.

Our company values distinguish us and guide our actions. We conduct business in a socially responsible and ethical manner. To us, sustainability is about economic success, about the safety and development of our employees, about lasting relationships with our business partners, and about environmental stewardship and social progress. This way, Bekaert translates sustainability into a benefit for all stakeholders. 

Our sustainability efforts and activities are focused in such a way that balanced consideration is given to the interests of all respective stakeholders, including employees, customers, shareholders, partners, local governments and the communities in which we are active. We do this in a structured way and have translated our ambitions for improvement into clear targets for the medium term and over the longer run.

(GRI 102-40 + GRI 102-42)

Sustainability standards

Bekaert’s Sustainability Report 2018 was conducted based on the GRI Sustainability Reporting Standards, in accordance Core option. Global Reporting Initiative (GRI) is a non-profit organization that promotes economic, environmental and social sustainability. 

Bekaert has been confirmed for inclusion in the Ethibel Excellence Investment Register. This selection by Forum Ethibel indicates that the company performs better than average in its sector in terms of Corporate Social Responsibility.

Bekaert’s responsible performance in 2018 has also been recognized by its inclusion in the Ethibel Excellence Index (ESI) Europe - a reference benchmark for top performers in terms of corporate social responsibility based on Vigeo - Eiris’s research - as well as in Kempen SRI.

In 2018, rating agencies MSCI and ISS-oekom analyzed the Environmental, Social and Governance performance of our company, based on our publicly available information. Their reports are used by institutional investors and financial service companies. 

For the second year in a row, Bekaert was awarded a gold recognition level from EcoVadis, an independent sustainability rating agency whose methodology is built on international CSR standards. The agency states that Bekaert is performing equally or better than 99% of the companies assessed by EcoVadis in the same industry. 

In response to the growing interest throughout the supply chain to report on the carbon footprint of operations and logistics, Bekaert also participates in the Climate Change and Supply Chain questionnaires of CDP (formerly known as the Carbon Disclosure Project). For 2018, Bekaert received a C score for its supply chain efforts, scoring better than the sector average.

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