To remain successful in the long term, we want to reconcile our activities along the value chain with the ecological, social and legal parameters. Together with MediaMarktSaturn as the core of our business activities we decided to shape and influence responsible and sustainable business. CECONOMY is also a role model for the entire industry. We call this way the “BetterWay”.
Part of our DNA
We have set ambitious climate targets to reduce our emissions (Scope 1-3 reduction).
Social Responsibility
Social responsibility towards our employees, along the supply chain and in the communities. Diversity plays a central role for the group.
We focus on clear labeling of sustainable products and services for our customers to promote sustainable consumption.
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We support innovative product solutions and service concepts that enable sustainable consumption.
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We take responsibility for emissions that arise directly or indirectly from our business activities along the value chain.
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We take responsibility for our supply chain and want to create more transparency in the supply chain together with our customers, suppliers and employees.
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We create the conditions to ensure that every employee – regardless of ethnic origin, sexual identity, age, disability, religion or gender – has the same opportunities.
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We are committed to socially relevant topics where we can contribute to enriching people's lives with our products, approaches and competencies.
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Further information on BetterWay at MediaMarkt and Saturn:
We have defined clear sustainability targets expressed in terms of financial year 2022/23. They include:
// Net zero direct carbon emissions of own operations (scope 1+2)
// Over 80 percent of our sales suppliers audited for labor and human rights compliance
// Doubling the number of sustainable products in our assortment (versus base year 2020)
1 Scope 3.1 (non-traded goods) and Scope 3.4 (upstream transport and distribution), the CO2 intensity of Scope 3.1 emissions from the purchase of private label products is 15.35 t CO2e per € million of total sales (base year for this category is FY 2020/21).
CECONOMY belongs to selected sustainability initiatives and networks and has important ratings.
CECONOMY joined the European Commission's Sustainable Consumption Pledge.
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CECONOMY is a member of UN Global Compact, the world's largest initiative for responsible corporate governance. The vision of the UN Global Compact is an inclusive and sustainable global economy based on its 10 universal principles.
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CECONOMY has signed the uniform principles of action of the German Retail Association (HDE) and is thus committed to responsible, sustainable action. In five guiding principles, the HDE defines the common understanding of the social role as entrepreneur, supplier, partner and employer.
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CECONOMY has been a signatory of the Diversity Charter since 2018. In doing so, we have declared our willingness to stand up for diversity and appreciation as an employer.
Learn moreFollow this link to see the separate Non-Financial Group Report including our strategic sustainability approach, as part of our current annual report:
For sustainability enquiries please contact sustainability_at_mediamarktsaturn.com.
