At Sonova, it has always been our mission to have a positive effect on our consumers’ lives. We aspire just as much to have a positive effect on society as a whole. The pandemic has simply confirmed the importance of making environmental, social, and governance (ESG) principles integral to the way we do business.
IntACT - Sonova's ESG Strategy
Sonova has long been committed to continuous improvement in its environmental, social, and governance responsibilities. We are further embedding our ESG commitments across all dimensions of the business and aim to track and optimize our ESG performance with the same intensity as we do our key financial indicators. As part of this effort, we have launched IntACT, an upgrade to our ESG strategy that builds on four key areas: serving society, advancing our people, acting with integrity, and protecting the planet.
Serving society: We constantly innovate in hearing health care, improve access for people in under-served areas, and engage actively with our communities.
Advancing our people: We foster our employees’ development, well-being and engagement in an inclusive work environment that embraces diversity.
Acting with integrity: We behave ethically and apply the highest quality and safety standards to everything we do.
Protecting the planet: We drive the transition to a resource-efficient and low-carbon future of our operations throughout the lifecycle of our products and services.
Sonova has established an ESG Council to oversee and further develop the Group’s ESG strategy, including its commitments and targets. The Council also monitors progress on key performance indicators and initiatives. It meets at least quarterly and consists of the Group CEO, selected members of the Management Board, the Group General Counsel & Compliance Officer, and the Corporate Responsibility team. Progress on ESG targets is also regularly reviewed by the full Management Board and are an element of each member’s variable compensation. The Board of Directors approves the ESG strategy, initiatives, and targets and receives progress updates on at least a yearly basis.