Definition of sustainability and its different aspects
The approach to sustainability followed by OSRAM is known as the three-pillar model*, which takes into account economic, ecological, and social aspects.
The economic component of OSRAM’s sustainability approach comprises aspects such as responsible and legally compliant management.
We aim to consistently make the most of the business opportunities that arise while at the same time meeting our environmental aspirations. Given that artificial lighting consumes around 15% of total electricity production worldwide, according to the latest studies by the United Nations Environment Program (UNEP initiative en.lighten), the lighting industry plays a major role in tackling global challenges such as climate change, resource scarcity, and demographic change, as it holds the key to the improvements that efficient lighting offer.
Our holistic approach to sustainability is completed by the social aspect. We consider ourselves to be a responsible member of society. Firstly, we are a socially responsible employer, taking measures to promote our employees’ health and providing a safe working environment, for example. This also extends to the areas of education and training, diversity, and balancing work and family life. Even during times when restructuring is required, we are conscious of the responsibility we have to our employees in relation to the measures to be taken. Secondly, as a global company, we operate in many different cultures and societies and support numerous local and international projects that put the subject of lighting in a social context,such as providing more efficient solutions for educational establishments.
OSRAM of Munich, Germany is one of the two leading light manufacturers in the world. The company's portfolio covers the entire value chain from components – including lamps, electronic control gear and opto semiconductors such as light-emitting diodes (LED) – as well as luminaires, light management systems and lighting solutions. OSRAM has around 34,000 employees worldwide and generated revenue of more than €5.1 billion in fiscal 2014 (ended September 30). The company's business activities have been focusing on light – and hence on quality of life – for over 100 years. The company was listed on the stock exchanges in Frankfurt and Munich on July 8, 2013 (ISIN: DE000LED4000; WKN: LED 400; Trading symbol: OSR).
Additional information can be found at www.osram.com
*Source: Spindler, Geschichte der Nachhaltigkeit [History of Sustainability]