Governance (G)
We are committed to the responsible, value-oriented management and supervision of the Company. By implementing integrated risk management and sustainable procurement, we ensure that our business practices remain ethical, transparent and responsible in the long term.
Our material topics
Sustainable procurement and supply chain
We procure goods and services in significant quantities, both in the course of our development and construction activities (planning services, raw and other materials, products) and in the management of our own properties and those managed in investment products. The sustainability of our procurement and supply chain depends on the selection of our partners and the requirements we define.
Procurement is a key component of our commitment to sustainability and plays a major role in our economic success. Our procurement practices and supply chain influence social and environmental aspects. The stringent requirements and contractual obligations we place on our partners and suppliers promote the protection of humans rights and fair working terms in raw materials production and on construction sites. Methods of production, transportation and processing of materials also have an impact on the environment, biodiversity and the scope of emissions, and here, too, we can minimise the negative impact. On top of that, procurement costs make up a substantial part of our spending.
Responsible governance
We are committed to responsible, value-oriented governance. This includes written guidelines and reports available to the public. This topic also encompasses the organisational measures and management systems that are of fundamental importance for compliance with ethical, social, environmental and legal requirements.
Integrated risk management
In a dynamic and increasingly complex business world, effective risk management is crucial to the long-term stability and success of our business. Our integrated risk management system is based on a group-wide risk policy, which promotes a unified, responsible approach to risks and opportunities.
Our risk policy creates a shared understanding of risk management within the organisation and emphasises the importance of transparency and effective communication. It supports the continual review and improvement of the risk management process and the inclusion of all relevant stakeholders. Fostering an effective risk culture and strengthening our resilience creates a solid foundation for utilising opportunities and managing potential threats proactively.
Risk management framework
Swiss Prime Site’s risk management process is based on a clearly structured risk policy that defines the overarching framework. This framework establishes the fundamental principles and goals of our risk management and forms the basis for all additional documents and processes. In addition, the risk management regulations describe the specific processes and minimum requirements for ensuring the systematic and consistent application of the framework.
This framework was revised and based on the internationally recognised COSO risk management framework. This refinement means we are better equipped to deal systematically and effectively with the diverse risks that can influence our business activities.
