Hildesheim, October 2019: KSM publishes Corporate Social Responsibility (CSR)-Report
The KSM Castings Group has published the CSR-Report in accordance with the Declaration of Conformity on the German Sustainability Code (DNK) for the fiscal year 2018.
In doing so, the company group provided a comprehensive report about its different activities on sustainability issues, according to the stipulations of the German Sustainability Code. The German Sustainability Code is a cross-sector transparency standard for reporting the sustainability performances of a company. It is internationally applicable and supports the development of a sustainability strategy. In order to comply with the requirements, the company prepared a declaration on 20 predefined criteria on different risks, strategies, targets and key figures related to sustainability.
„Issuing the declaration of conformity is an important first step, which needs to be followed by others“, said Vicente Perez-Lucerga, CEO of the KSM Castings Group, „and the CSR-report provides us with a good basis for a consistent development of our sustainability strategy“.
With this declaration, KSM meets the growing requirements of transparency with regard to ecological, social and economic sustainability aspects. In the future, the company will inform about these issues on a regular basis. The German Sustainability Code is supervised by the German Council for Sustainable Development (RNE) on behalf of the Federal Government and can be used by every company of any legal form and size.
The CSR report of the KSM Castings Group is publicly available both on the company website (https://www.ksmcastings.com/news-und-medien/) and in the database of the German Sustainability Code: https://datenbank2.deutscher-nachhaltigkeitskodex.de/Profile/CompanyProfile/13672/de/2018/dnk
Photo: Fotolia© Vitaly Krivosheev
Background: The KSM Castings Group is a leading producer of automotive lightweight components for chassis, transmissions, engines and e-mobility. Specialized in aluminum and magnesium components, KSM strives for the top position in both technology and quality. As an important supplier to the global automotive industry, the company is already among the top employers. Reliable partnerships, customer orientation and cost effectiveness are essential key points of the company’s strategy. The basis, however, are first-class employees.
KSM operates nine production plants in Germany, Czech Republic, USA and China with a total of approximately 3,500 employees. Among its customers are the major automotive producers and automotive suppliers like Volkswagen, Daimler AG, ZF, Benteler and Bosch. In 2018, the company group achieved a turnover of approximately 539 million EUR.