Good corporate
citizenship

Vossloh prides itself on its status as a “good citizen”. As such, the Company is involved in social and charitable initiatives in the communities where it is established.

As part of its role as a good corporate citizen, Vossloh is focusing on promoting social commitment on the basis of the 2021 materiality analysis. A Group-wide corporate volunteering program is to be established in the course of 2022.

Corporate volunteering

Social issues at Vossloh have so far been the responsibility of the various operational units; accordingly, there has been no Group-wide concept so far. In addition, the contributions made to the community by the individual corporate entities at the various sites are not systematically recorded. Now, as a first step, a corporate volunteering program is to be developed and introduced in 2022. This is intended to support Vossloh’s vision and values by encouraging employees to take responsibility for their communities and social environment.

Individual companies traditionally support civic society at their respective locations in a variety of ways. For example, associations, social and cultural institutions, and organizations that support disadvantaged people receive donations in cash and in kind. A number of Vossloh units release employees for voluntary work in the public interest, such as firefighting, sitting on local councils and charity work. The Lifecycle Solutions division uses funds that can be awarded to charitable organizations to promote increased participation in social, athletic, cultural or environmental areas by its employees. At Austrak, employees have a paid absence day which they can use to work for a charity organization of their own choice. At its home base, Futrifer is a key partner to schools when it comes to training young people in readiness for the job market. In 2021, around 30 Vossloh Fastening Systems employees in China organized a waste collection campaign in the neighboring town for the first time and presented local waste collection officials with gifts.