Corporate action in the spirit ofsustainability: Statement by the Voith
Group Corporate Board of Management_________________________________“Industrial sustainability is ourbusiness model. We are therefore
making a crucial contribution to a
climate-neutral industrial society
while at the same time ensuring ourfuture growth.”______________________________________________
Dr. Toralf Haag, CEO Voith GroupAs a family business, we are especiallycommitted to ecological, fair, and longterm successful business practices andwant to make a demonstrable contribution
to the sustainable development of thecompany, society, and environment.
Industrial sustainability is our businessmodel. We are therefore making a crucial
contribution to bringing about a climateneutral industrial society while at the sametime ensuring our future growth. Our
strategic
focus
onsustainable
technologies is the basis for developing
our product portfolio further in our existingcore business and for making investments
in new business areas and markets.
Strategy and integrity
Thanks to our values and the guidelines
derived from them, we make sure that
Voith is operating according to the verysame business principles all around theworld and that it continues to develop aunified corporate culture. The Voith Codeof Conduct defines how we deal with ourcustomers and business partners and how
we work together within the company.
We implement our sustainability strategy
systematically. To do this, we have defined
six fields of action: sustainable corporate
management, responsibility for ourproducts,
oursupply
chain,
theenvironment, society, and our employees.
When defining and implementing oursustainability strategy, we meticulously
comply with our corporate duties within theframework of applicable laws andinternational standards. We are also
guided by the principles of the Global
Compactand
theSustainable
Development Goals of the United Nations.
Environment
We are committed to using resources
responsibly, minimizing environmental
risks, and making an active contribution toclimate protection. What this means for us
includes the following:• Reducing our energy consumption
and the corresponding greenhousegas emissions and air pollutants• Efficiently using materials and raw
materials in the spirit of a circulareconomy• Avoiding waste as much as possible• Safely handling working, hazardous,and operating materials• Continuously decreasing our water
usage and reducing wastewater
volumes• Maintainingandpromoting
biodiversity• Reducing environmental impacts
during and after product use• Ensuring the health and safety of ourcustomers• Promoting sustainable consumption
Social issues
Developing sustainable technologies for
future generations is in our DNA. This also
includesVoith
assumingsocialresponsibility within society. Our aim is toactively participate in shaping theenvironment in which we operate as acompany. Among other things, thisincludes:
•••••
••
•

Adherence to labor and humanrights
The strict rejection of forced andchild labor
Trusting
cooperation
withemployee representatives
Thestrictrejectionofdiscrimination and the promotion ofdiversity and thus an appreciativeand impartial working environment
Respect for the rights ofindigenous peoples
Fairandmarket-oriented
remuneration for all employees
Consistent prevention of accidents
in the workplace and of workrelated illnesses
The promotion of a flexible andfamily-friendly working culture•••

The continuous development of
our employees’ skills through awide range of training courses
Support for integration measuresinside and outside the company
Involvement as a “Good Corporate
Citizen” at Voith locations

Governance
At Voith, we see sustainability as being across-sectional task performed by theCorporate Board of Management as well
as by the corporate functions and Groupdivisions, thereby permeating the entirecompany.
We are convinced that such acomprehensive range of issues can only
be successfully addressed through close,
continuous cooperation. We therefore
expect all employees to act autonomously
and in support of the sustainable
development of the company and Voith’svalues. This cooperation extends beyond
our plant gates: Together with oursuppliers, we will also incorporate the key
environmental, labor and human rights
requirements in our purchasing processes.

Our most important stakeholders include
ownersandsupervisory
bodies,employees, works councils, customers,suppliers, rating agencies, and investors,
along with the local population at ourlocations,business
associations,academia, public authorities, politicians,
non-governmental organizations, themedia, and interested members of thepublic.
Ongoing exchanges with our internal andexternal stakeholders are essential for us.
We therefore examine our sustainability
performance as part of a regularstakeholder dialog. Based on this, we
adapt our sustainability strategy to current
circumstances at regular intervals andassess the impact of our businessactivities on sustainability aspects as wellas on the risks and opportunities that arisefor our company as a result.
Communicating transparently, we inform
our stakeholders in great detail and in amanner suited to the target group, such as
in our annual sustainability report.

_______________________
Dr. Toralf Haag
CEO Voith Group_______________________
Stephanie Holdt
CFO Voith Group_______________________
Andreas Endters
CEO Voith Paper_______________________
Dr. Tobias Keitel
CEO Voith Hydro_______________________
Cornelius Weitzmann
CEO Voith Turbo