Inequalities based on income, sex, age, race, ethnicity, religion and opportunity continue to persist across the world within and among countries. Inequality threatens long-term social and economic development.
Examples of our contribution
In the Evonik Global Social Policy, under the heading “Remuneration and Social Benefits” it states: “We compensate employees and provide benefits and services that meet or exceed the legal or industry minimum standards to provide an appropriate living standard.”
It also states under the heading “Equal Opportunity and Diversity”: “We require that equality of opportunity and treatment be afforded to every employee regardless of ethnic origin, race, gender, age, disability, religion, nationality, sexual orientation, social background, or political affiliation ...”
- Employees participate in Evonik’s business success, for example, in the employee participation program; in other words, employees buy shares in the company and the company provides financial assistance for them to do this. The participation rate was at 37 percent in 2019.
- If inequalities or breaches of the principle of equal opportunities occur within the company, employees can report them via the web-based anonymous whistleblower system.
- Market and performance-based compensation is incorporated in our HR tools. Remuneration is based on objective criteria, such as responsibility, competences, and success. Personal features, such as sex or age do not play a role.
- So that employees can maintain their customary living standard after retirement, Evonik offers various options for a company pension, some of which are employer-funded.