- Membership in the world’s largest responsible corporate governance initiative
Fulda, 05 December 2022 – KAP AG (“KAP”), a listed, medium-sized industrial holding company (German securities identification number: WKN 620840; ISIN: DE0006208408) is a signatory to the United Nations Global Compact Initiative, a voluntary platform for the development, implementation and disclosure of responsible business practices. In doing so, the company undertakes a commitment to observe the ten underlying principles in the areas of human rights, labour standards, environmental protection and universal anti-corruption. In addition, KAP is committed to the goal of more inclusive and sustainable economic activity in accordance with the United Nations 17 Sustainable Development Goals (SDGs). Back in August of this year, KAP AG enshrined its sustainability ambitions in its 2025 ESG Strategy, the implementation progress of which is continuously tracked.
Eckehard Forberich, member and Spokesman of the Management Board of KAP AG: “As a company we have a responsibility for our environment and also for the impact that our economic activities have on all stakeholders. Joining the UN Global Compact initiative reflects our ongoing commitment to responsible business practices in support of broader societal goals on the one hand. On the other hand, our signing is also an incentive to intensify our sustainability activities.”
Marten Julius, CFO of KAP AG: “In the area of sustainability, we are doing a lot to meet our social and environmental responsibility as a company. In addition, we firmly believe that long-term economic success can only come from responsible business practices. Accordingly, membership in the UN Global Compact is another logical step that underscores our contribution to broad and multidimensional societal change towards a sustainable economy.”
Launched in 2000, the UN Global Compact is the largest initiative in the world for responsible corporate governance, with more than 18,800 companies and organisations from 160 countries. Members are committed to social, sustainable and innovative economic activity.
Company information on KAP AG as a participant of the initiative is available on the UN Global Compact website; the company’s sustainability strategy and report can be downloaded from KAP AG’s website.
Contact:
KAP AG
Kai Knitter
Head of Investor Relations & Corporate Communications
investorrelations@kap.de
+49 661 103 327
About KAP AG
KAP AG is a listed industrial holding company focused on upper mid-size operating companies that seizes attractive growth opportunities in their respective niche markets. Specifically, KAP AG currently focuses on four distinct operating segments: engineered products, flexible films, surface technologies and precision components. KAP allows its shareholders to participate in the long-term sustainable value development through an attractive dividend. The Group currently has some 2,900 employees at 28 locations in twelve countries. KAP AG is a Participant of the United Nations Global Compact and adheres to its principles-based approach to responsible business. KAP AG’s shares are listed on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006208408).