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Progressing towards
setting the standard
that will allow it to realise and measure progress in Corporate Social Responsibility.
In 2005, EADS put a policy framework in place that will allow it to progress towards its goal of setting the standard for Corporate Social Responsibility (CSR) in the aerospace and defence sector. The Company formalised CSR policies to be applied consistently across EADS to achieve sustainable development by balancing economic performance with environmental and social considerations across the Group. Through Key Performance Indicators, performance and improvement can be monitored internally and reported to external audiences.
Additionally, EADS’ Code of Ethics was updated to reflect both the Group’s status as a market leader and current best practice with regard to business ethics.
Highlights 2005
In 2005 EADS made progress in further implementing its 
CSR policy in each of the policy areas.
Economic:
Business Ethics is a major focus for EADS to ensure ethical business practices and compliance with all relevant legislation in the countries where it operates. During 2005, the Group revised its foreign trade rules to increase awareness of best practice and to reinforce protection against corruption. The revisions took into account valuable input from reputable international bodies with which EADS has developed regular contacts. Through this active networking, and continued exchange with peer companies, EADS supports the industry’s initiative to set and promote integrity standards in aerospace and defence.
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Environment:
Environmental Care is of particular interest to EADS because it sells products with long lifecycles. The Group prioritises minimising the environmental impact of its activities, ensuring that each Business Unit complies with the laws and regulations of each country in which it operates. In 2005, EADS formed a dedicated network to meet the challenges of the EU Restriction of Hazardous Substances (RoHS) directive, which limits the use of specific hazardous materials. Other initiatives have been deployed across the Group. For example, Airbus will soon achieve the full ISO 14001 certification for all its European sites. Across EADS, nine more sites were covered by an ISO certification or an EMAS registration at the end of 2005 compared with end 2004 (+45%).
Social:
In the area of Employer-Employee Relationship, the Group emphasises its determination to respect social rights wherever it operates. In June, EADS and the European Works Council, in association with the European and the International Metalworkers’ Federation, signed an international agreement providing a framework for respect of social rights wherever the Group operates. This reaffirms their collective belief in CSR and the will to respect common principles and standards laid down by international conventions and guidelines while growing EADS’ economic success worldwide. EADS also furthered its long-term plan for bringing women into aerospace, exceeding its annual 20% target for female recruits by 0.5%.
Values
EADS’ updated set of values was drawn up in 2005.
Reliability
We deliver on our promises to customers, employees and shareholders. We recognise our responsibilities towards all our stakeholders. We manage our risks and are accountable for what we do.
Innovation
We share a common creative spirit and an enthusiasm for innovation. We develop the most advanced projects with a pioneering spirit. We value entrepreneurship and courage as a source of breakthrough ideas and future success.
Excellence
We set ambitious targets and seek continuous improvement. We are committed to achieving best-in-class performance and profitability. We create value for our shareholders and all other stakeholders.
Customer satisfaction
We are market driven. We listen to our customers in order to provide them with the best solutions which anticipate and meet their needs. Customer satisfaction is the key for our long-term success.
Honesty
We act in accordance with our values and commitments. We are committed to complying with all applicable laws and regulations as well as respecting high standards of honesty and integrity. We provide transparent information to our stakeholders.
Diversity
We believe our people are key drivers for our future success. We are an international company with a shared culture of diversity and openness. We value both individual contribution and teamwork.
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EADS Code of Ethics
In light of its establishment as a market leader in many of its businesses and the evolving legal environment relating to business ethics, EADS updated its Code of Ethics (Code) in order to reflect practices recommended by various codes and laws, and to align with best practice.
The enhanced Code sets out in one single, comprehensive document the EADS business guidelines relating to the Group’s ethical standards. The Code serves as a core EADS business guideline in an architecture of documents, and also refers to detailed policies as laid out in the EADS Corporate Handbook, and can be complemented with policies and processes specific to Divisions or Business Units. It is based on EADS’ underlying values and is fully in line with international recognised standards as laid out in charters, declarations or guidelines, such as the Universal Declaration of Human Rights.
The Code covers the full scope of EADS’ CSR policies, addressing in five chapters the principal lines of ethical behaviour. In this way the Code gives guidance to all employees about appropriate conduct in their professional environment.
EADS is committed to implementing the principles described in the Code, in particular through entrusting an Ethics Committee, appointed by the EADS Board, with compliance responsibility in ethics matters.
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In 2006, EADS will further deploy and monitor its CSR policies through a network co-ordinated at corporate level and including representatives from the Divisions/Business Units. The Group will also work towards further enhancement of reporting CSR parameters.
Another priority will be to further address the topic ‘business ethics’, both internally and externally. Internally, the Ethics Code will be launched through a comprehensive information campaign to raise employee awareness about the importance of ethical business conduct, linking it to underlying EADS values. Furthermore, foreign trade training and networking activities will be used to disseminate an ‘awareness’ culture.
Externally, EADS is pursuing a business dialogue within the European aerospace and defence industry which aims to launch a platform of principles setting high standards, exchanging best practices, promoting training and compliance programmes, and, more generally, generating common European industry positions on ethics and anti-corruption.
As EADS builds its industrial presence across the world, a particular focus will be placed on promoting CSR policies outside home markets. The procurement teams are starting to be sensitised to the CSR challenges associated with increasingly global sourcing.
EADS will continue enhancing its CSR policy and practices, creating long-term value by continuously applying the Group vision of achieving economic performance, while taking into consideration all stakeholders’ interests and caring for the environment.
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Further information |
For more detailed information please refer to:
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