The Otto Group operates in a market-oriented environment. And of course, we and all our subsidiaries aim to manage well. As a family-owned business, we are convinced that our values—responsibility, sustainability, and fairness—form the foundation of our economic activities. For decades, we have demonstrated that one can succeed in the market with these values, along with quality and innovation. This is in line with our vision of "Responsible commerce that inspires."
For more than forty years, the Otto Group has committed to taking responsibility in ecological and social areas. We have formulated our ethical beliefs in a participatory process and recorded them in our Code of Ethics, our compass of values. Our values are fundamentally non-negotiable.
The Otto Group was committed to protecting our environment long before it was embraced by society as a vital issue. Reducing CO2 emissions, recycling management, avoidance of waste, protection of water and forests: The Otto Group has launched numerous initiatives and voluntary commitments which demonstrate that ecological and economic sustainability are indeed complementary and not mutually exclusive.
The Otto Group takes responsibility. This applies equally to the health of everyone in our area of influence, our employees, and the people working for our suppliers. Our concern naturally extends to our customers as well—who can trust that our products adhere to the highest standards of safety.
For us, diversity is far more than just an ethical commitment. We firmly believe that genuine innovation requires the inclusion of many different perspectives. We can only understand the increasingly nuanced markets and offer our customers personalized and persuasive products and services if our company embraces social diversity as well.
The days of strict hierarchies and individualism are gone. With our modern and people-centered corporate culture, we show that entrepreneurial speed and agility are only possible based on collaboration, teamwork, and solidarity. This also includes lifelong learning processes and an open culture of mistakes. All employees can rely on each other. This understanding is particularly important to us as a family business.
Success hinges on customer data in a digital age. We have defined strict guidelines in this regard—to reflect our conviction that customer trust is an even bigger resource than the data given to us and which we use with care.
As a family business, our thinking always extends across more than one generation. But this self-perception—to hand over our business to the next generation in a robust state—now applies to all of society. In our view, ecological and social responsibilities are not corporate grandstanding but actual economic obligations.
We firmly believe that value-driven business is at the heart of a secure and liberal society. So, by inverse logic: Ethical actions are only at home within a peaceful, free, and prosperous society. This prompts our commitment to discourse based on values, tolerance, and the concerns of future generations.