Apostroph 12.3. Lektorat BCM initiation Analysis and design Implementation – BCM policy (e.g. scope of application, standards) – BCM manual (BCM organization and responsibility) – Business impact analysis – Threat analysis – BC strategy – Risk-minimizing measures – C risis and BCM organization – B CM processes and interfaces – Strategic plans – Tactical Plans – Operational plans – Test strategy – Test planning – Test concepts – Review Scheduling Validation Further information on our Business Continuity Management and a detailed brochure can be found at www.festo.com/bcm. The continuous safeguarding of business processes is therefore becoming increasingly important. In doing so, we rely on established standards and base our business continuity system on ISO 22301, the BCI Good Practice Guide, and ISO 27001. Our processes are therefore fully compatible with the systems of our suppliers and customers. In addition, effective response measures protect the continuous supply of goods and services to our customers, the company’s value and reputation, the brand, the company’s value-adding activities, and the interests of our stakeholders. Business continuity management as a holistic process helps with the following: – Identify threats – Evaluate the potential impact and damage (e.g. business impact analysis) – Not looking at the units of the company in isolation – Enable effective responses – Define a framework of conditions – Ensure reuse/integration in existing risk analyses and assessments as far as possible GRI 201-2 By combining different strategies as part of business continuity management, we achieve a sustainable safeguard for the company, the processes, and the products and services intended for you. The following measures contribute to our holistic BCM: Risk management At Festo, we have been setting up a risk management system for more than ten years, in which significant risks are identified at an early stage, risk officers are defined, and programs of measures to minimize risks are followed. The entire risk management process and organization are regularly audited by auditors in accordance with the IDW 340 n.F. standard. GRI 2-23, GRI 2-25, GRI 3-3 Crisis management Crisis management at Festo follows a structured process in which local emergencies are processed by the local emergency organization and quickly escalated to corporate crisis management if necessary. The Management Board is in charge of the corporate crisis management team. Sending alerts via FACT24 and cooperation between the teams are regularly tested. Supply chain and logistics In recent years, we have expanded our production infrastructure according to the “local for local” principle in order to produce products independently and redundantly at different locations. Our logistics network makes it possible to guarantee deliveries from suppliers and deliveries to customers at all times throughout the value-added network in a highly flexible manner using alternative routes. Our wide-ranging product portfolio enables us to offer products tailored to needs and provide our customers with alternative solutions in the event of restrictions affecting individual components. GRI 2-6 Information security Protecting our information, the information entrusted to us by customers, and the information processing systems and processes against cyber threats is a high priority at Festo. For this reason, Festo has established a state-of-theart information security program. Necessary safeguards are selected and implemented in accordance with industry standards for information security, such as the NIST Cybersecurity Framework. All controls are reviewed regularly and adjusted in line with the current threat and risk landscape. This continuous improvement process is ensured by a globally effective information security management system that is designed for the relevant IT services in accordance with ISO 27001:2017. GRI 2-23, GRI 3-3 Health and safety For Festo, safety – in particular, occupational health and safety – is a fundamental component of the company philosophy. Compliance with and implementation of safety-related specifications serve to protect our employees and company values. To this end, all divisions are supported by safety experts in establishing of a safety culture and occupational safety management system. More information on occupational safety can be found in Chapter 5.5. GRI 403-7 We are living in a time of great uncertainty and challenges – from armed conflicts, the catastrophic effects of climate change, increasing cyberattacks, and disruptions to global supply and transport routes. 6.4 Business Continuity Management (BCM) 118 119 1. Blue World 2. Strategy and Management 3. Climate Protection and Resource Efficiency 4. Technical Education 5. People at Festo 6. Ethics and Governance 7. GRI Index 8. Report Profile Festo SE & Co. KG Sustainability Report 2023 Festo SE & Co. KG Sustainability Report 2023
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