Stakeholder dialogue

Fair and respectful exchange

The dialogue with our customers and business partners, the capital market, political representatives, the communities in which our sites are located, and our employees, is very important to us. We treat our stakeholders with respect and fairness and provide them with comprehensive, truthful and understandable information. In this way, we encourage and promote regular exchanges.

Overview stakeholder dialogue: Content and dialogue formats

Employees

The success of our company is dependent on the expertise and success of our employees. Our employees voice matters of importance to them at regular intervals in employee assemblies. A mutual exchange and transfer of information is promoted via the intranet.

Main topics

Human resources policy decisions, remuneration, further training, communication, career and family, etc.

Methods

Meetings, committee activities, joint projects, workshops/conferences, Annual Report, blogs and social media, intranet, and internal communication, etc.

Customers and Business partners

Dialogue with our customers helps us better identify their needs, to which we align our products and services. We provide a wealth of information on the internet. In addition to personal conversations, we undertake satisfaction analyses to gain specific information for improvements.

Main topics

Quality assurance, production conditions, observation of rules and standards, compliance, etc.

Methods Surveys, meetings, user training, trade fairs, joint projects, social media, press and public relations activities, guided site tours, etc.

Shareholders / Investors / Analysts

We portray our business, field questions from the captial market and gather suggestions and ideas at regular roadshows and conferences.

Main topics Enterprise valuation, corporate strategy, objectives, results, risks/opportunities, competition, ESG issues, etc.
Methods Annual General Meeting, Annual Report, quaterly reporting Captial Markets Day, meetings with selected shareholders surveys, telephone conversations conferences roadshows, etc.

Politics and Administration

As a member of various associations and organizations, we directly or indirectly contribute our positions to the political discussions through national and international dialogue with representatives of governments, responsible authoritites and parlimentary members.

Main topics Social-license-to-operate, environmental issues, workplace safety, etc.
Methods Meetings, workshops, committee activities, press and public relations activities, guided site tours, etc.

Site Communities

It is important for us to be good neighbors to the communitites and regions in which our sites are located. We create trust at our sites through dialogue with the municipalities and residents.

Main topics Social-license-to-operate, environmental issues, job offers, etc.
Methods Meetings with selected stakeholders, workshops, information offices, open-house events, press and public relations activities, guided site tours, etc.
UN Global Compact

We support the UN Global Compact

K+S signed the United Nations Global Compact in 2015. We therefore support the ten principles of the Global Compact in the areas of human rights, labor, environment, and anti-corruption.

Un global compact

These are reflected in the Code of Conduct to which all employees of the K+S Group are bound. Launched in 2000, the Global Compact provides a platform for exchange between its over 13,000 members worldwide: companies, cities, scientific institutions and non-governmental organizations.

EITI Initiative

EITI – Extractive Industries Transparency Initiative

D-EITI

K+S is participating in the Extractive Industries Transparency Initiative. The global Extractive Industries Transparency Initiative (EITI) advocates greater financial transparency and accountability in the extractive industries sector.

K+S is involved in D-EITI and is a member of the multi-stakeholder group (MSG) for the salt and potash sector. Since the German Federal Government announced its intention to implement the EITI in July 2014, many milestones have been achieved.

The first  D-EITI Report  makes the value contribution of the German raw materials sector transparent to an interested public. For this, German companies in the raw materials sector reported their tax expenditures transparently and document their responsible handling of revenue flows. In accordance with EITI’s principle of payment reconciliation, the authorities as payees reported the payments at the same time. The two figures were reconciled.

 

Associations

K+S is actively involved

K+S is actively involved in global sustainability initiatives and promotes dialogue between different stakeholders. Here, it is important to us to be up to date and play our part in shaping the international sustainability discussion.

K+S is a member of many associations. Some of our company representatives perform official functions and are involved in working groups. These include: