Social affairs
Business lives through people - for people
We are convinced that respectful interaction, both internally and with our partners, is the foundation for sustainable economic success. That's why a holistic view of our value chain - including our ecological footprint - is a reality for us.
We have beencarbon-neutral at our site since 2019 and are continuously reducing our footprint. But we are going further: our goal is to take the entire supply chain with us on the path to climate neutrality, while promoting fair working conditions and safety for everyone involved. We want to lead by example and show that responsibility and competitiveness go hand in hand.
"Business economists are also economists!"
As an environmentally aware and responsible company, the fulfilment of corresponding standards at our site is a matter of course for us and part of our corporate philosophy.
However, we also want to help shape the future because we believe that what we invest in the environment and people today will bear fruit tomorrow. Our goal with FairMagnet is to promote compliance with ecological, economic and social standards along the entire supply chain. As China is currently the only source of supply for magnets, our focus is primarily on introducing sustainable production conditions at our local suppliers. This applies to both environmental protection and individual occupational safety. More safety means fewer accidents at work.
The Chinese government is increasingly moving towards closing factories to known environmental offenders. By complying with the required standards, our suppliers are not affected by such measures.
The non-commercial corporate social responsibility project (or CSR project for short) "FairMagnet" is a voluntary industry alliance that works closely with scientific institutions, government institutions and non-governmental organisations.
Certification takes place in several stages and is carried out by the Environment, Health and Safety Academy of the renowned Nanjing University. It also has a mandate from the Chinese government to support manufacturers in improving environmental protection and safety in the workplace.
"We get what we order!"
In addition to the aforementioned benefits for workers and the environment, a fair production process has other advantages. By working closely with our suppliers, we know exactly which services they can and cannot provide. Our suppliers do not turn down even the smallest orders, and even in times of crisis we are prioritised for supplies.
"If you buy cheap, you buy expensive!"
Quality has its price. We see it as our responsibility to invest in future generations by supporting the sustainability of the supply chain described above. In return, you get a high-quality product that derives its value not only from the quality of the material, but also from the social treatment of people as a resource. We are aware of our responsibility for the people behind our products and the environment affected by each production step. Save yourself subsequent costs in production due to material defects or customer complaints by purchasing cheaply. Help us by supporting good quality at a reasonable price!
"Three years ago, we had a purely business relationship with our Chinese suppliers. Now we are partners!"
Thomas Brugger, Managing Partner
