Wincor Nixdorf considers sustainability to be a key success factor. We are of the firm belief that enduring success in business can only be achieved by embracing economic, ecological, and social responsibilities. We view sustainability not merely within the context of environmental protection and the sparing use of natural resources. In our opinion, it also includes the aspect of assuming responsibility for the company's social environment, fostering staff development, and committing ourselves to fair competition. Our understanding of sustainability and the measures we derive from it for our daily business are based on our management commitment to sustainability.
Strengthening our sustainability strategy
The continuous refinement of our Group-wide sustainability strategy is to be seen as an integral part of our ongoing activities in the field of sustainability management. This strategy is based to a large extent on our fundamental understanding of corporate values, as expressed through our vision and mission statement as well as the actual values formulated by our company. Against this backdrop, we regularly review the respective elements of our sustainability agenda for the purpose of assessing and adjusting them accordingly: products and suppliers, environmental protection, employees, and social responsibility.
Focusing on key aspects
Our sustainability report for fiscal 2015/2016 is again based on the globally recognized G4 standard drawn up by the Global Reporting Initiative (GRI). In this context, the so-called materiality analysis is of particular importance. It provides information as to which sustainability aspects are of significance to us and our stakeholders. For this purpose, we conducted internal workshops in which relevant aspects and indicators were identified. Furthermore, the materiality of aspects deemed to be of particular relevance were assessed over the course of the fiscal year not only from our own perspective but also from that of our stakeholders. We consider it desirable that our stakeholders assign the same level of importance to a sustainability aspect as we do.
More extensive dialogue
We maintained and extended our close dialogue with stakeholders over the course of the year, as evidenced by a customer survey and our international Partner and Supplier Days. In the context of this dialogue, the primary goal is to discuss opportunities and risks associated with the market and to optimize mutual relationships. We are of the opinion that these and similar activities are essential, because an open and frank exchange with our stakeholders as to their expectations, complemented by possible suggestions as to how we can evolve, is of key importance to refining the sustainability processes adopted by Wincor Nixdorf.
Takeover of Wincor Nixdorf AG by Diebold Incorporated USA
The period under review was dominated by the takeover of Wincor Nixdorf AG by Diebold Inc. In February 2016, Diebold presented a voluntary public takeover offer to the shareholders of Wincor Nixdorf AG. On expiry of the specified acceptance period this takeover offer was accepted by shareholders representing more than 69% of the share capital of Wincor Nixdorf AG. Following official approval by various antitrust authorities, the business combination of the two companies was finally announced on August 15, 2016. Since then, teams on both sides of the Atlantic have been busy with a range of measures aimed at supporting the integration plans of both companies and their business activities. The issue of sustainability plays an important role in this context. After all, one of the key goals is for the new company to thrive and endure well into the future.
You as readers are also welcome to comment or request further information on this report or, indeed, on Wincor Nixdorf's sustainability program in general. We look forward to embracing your suggestions, ideas, and constructive criticism. Working in a concerted effort, we hope to take our sustainability efforts to the next level.
President and Chief Executive Officer Wincor Nixdorf AG