ESG Commitment
Festo integrates sustainability into its corporate strategy, committed to achieving the 17 United Nations Sustainable Development Goals and following the 2030 Agenda to address global challenges, protect the Earth, and promote coordinated economic, ecological, and social development. The company plans to achieve carbon neutrality by reducing carbon emissions and has made significant progress in 2023. It has also set a target of achieving net-zero emissions by 2040. Festo has integrated energy efficiency and climate protection into its supply chain, streamlined its actions under its sustainability strategy, and regularly reviews its strategy and goals in response to external changes.
In our latest report, we show you how Festo, as a family-owned company, understands and embraces sustainability across various dimensions. In addition to the social perspective, our focus in the context of sustainability is on climate protection.We use our Blue World to show you how we are advancing into completely new solution areas in many industries with our automation ideas and are thus enablers of a sustainable future.
The above content is excerpted from Festo's Sustainabilty Report 2023. To view the full report, please visit the Festo website.
Company Introduction
Festo, a family-owned company
Sustainable and value-led for three generations
As a third-generation family-owned company, we are financially independent and socially committed. We therefore think and act for the long term – in generations, not financial years. Our values provide us with guidance on how we can structure our company together. They determine how we act and how we treat each other.
From tradition to innovation
Curiosity, courage and adaptability are not new concepts for Festo. They have always been part of our DNA. We want to be at the forefront so that we are equipped to handle the constantly changing requirements in our market.
Despite the many change that our company has experienced, one aspect has remained constant throughout its long history: we have always been an independent family-owned company and will remain so in the future.
Think sustainably, act responsibly
We are financially independent and are committed to the long term, not the short-term maximisation of profits. As markets change faster than ever before and cycles for new products and technologies become increasingly shorter, healthy and strategically planned growth remains a critical factor for our success in the long term.
We therefore think and act for the long term. This provides not just our employees, but also our customers, partners and suppliers with a firm sense of security.
As an international company that is firmly rooted, we base our actions on an integrated perspective. We take responsibility for our actions globally and locally, and want to use new technologies, knowledge and education to contribute to the quality of life and conservation of resources wherever we operate.
Our values form the basis of how we treat each other
Our values are an important guide for us in our day-to-day cooperation. All employees worldwide were involved in their development. At Festo, we want to everyone to stand out by living the values. They are the foundation on which we want to build our further development in a fast and global world.
We are ambitious.
We are determined.
We are visionary.
We value each other.
We are dependable.