We are always working to make our approach to working and our products more efficient as well as more environmentally and employee friendly. For Inovatools, sustainability is a long-term challenge that we face with several targeted measures. Sustainability is not only contributing towards protecting the climate and the environment, but also a strategic success factor.

With sustainable behavior we save material, conserve resources, and reduce emissions as well as costs – and thus increase our competitiveness. Finally, with our sustainable way of working, we support our customers to act in an environmentally friendly and sustainable manner.

Through Indutrade AB we are a member of the UN Global Compact (https://www.indutrade.com/sustainability/un-global-compact/) and the Indutrade Sustainability Network (https://www.indutrade.com/sustainability/).

By this we also mean that Inovatools is also committed to the basic principles of the "United Nations Global Compact", which are the basis of a sustainable global economy. The joint success creates trust and ensures the greatest possible benefit for all interested partners of Inovatools.

Energy and Climate

As a member of the VEA initiative for climate-friendly medium-sized companies. (https://www.klimafreundlicher-mittelstand.de/) we are committed to the goals of the energy transition: increasing energy efficiency and reducing emissions of greenhouse gases. We advocate a climate-friendly medium-sized company.

Reduction of the CO2 footprint

We strive for a continuous reduction of our CO2 emissions up to CO2 neutrality. Our goal is the constant improvement of operational environmental protection and the avoidance of environmental pollution. We are currently working on certification according to ISO 50001, which will then be supplemented by ISO 14001, thus showing that environmental protection is a priority for us.

Renewable energies

In 2021 we installed photovoltaic systems at our location in Kinding, with which we generate approx. 220 MWh of energy per year, which saves approx. 88 tons of CO2. An expansion of our plant capacity for the generation of renewable energies is continuously checked. Our long-term goal is to switch our energy supply 100% to renewable energies.

Heating Energy

In the energy mix of the Inovatools, heating is a subordinate consumption variable. Nevertheless, we have been working here for years with the use of environmentally friendly heat pump technology and heat utilization from the production process. On cold days, this system is supported by an efficient gas condensing boiler.

Energy Efficiency

The energy efficiency of our buildings is an important element in achieving our goals. We have already been able to achieve positive effects through a large number of measures. This includes, among other things, the complete conversion to LED lighting in the production area, the use of waste heat from our machines and constant measures around ​​building renovation and insulation.

Transportation and Logistics

Our goal is to reduce our transport emissions by using more sustainable transport solutions for our global goods transport. That's why we offer all our customers CO2 neutral shipping with DHL. Our goal is to reduce our ecological footprint along our value chain.

Materials and Waste

Doing business sustainably and ecologically in harmony with nature, while conserving resources, avoiding waste, and minimizing the impact on the environment, not only ensures the future viability of Inovatools, but also contributes wherever Inovatools is active as a company, to more prosperity and environmental protection. So, we make a general contribution to healthy living, and well-being.

Waste reduction and prevention

Reducing the volume of waste is a continuous improvement process for us. In production, we achieve constant success by reducing material consumption and waste. It is essential for us to reuse and recycle materials that can no longer be used in our manufacturing process. We work with partners who act in an environmentally friendly manner. We rely on renewable raw materials, e.g., with sustainable packaging. In addition, we are constantly seeking to raise the awareness of waste avoidance.

Digitalization

We see the progressive digitization as an opportunity for more sustainability and climate protection. By focusing on paperless work, e.g., by introducing a document management system or switching to digital invoicing, we were able to reduce our internal printing and paper expenses by more than 50% compared to 2017. In the area of​​product marketing, we are increasingly relying on digital solutions such as our INOSHOP and the online catalog of our product portfolio instead of print versions.

Corporate and Social Responsibility

As a company, actively take measures to have a positive influence on society and to meet social responsibility: this is a core idea of ​​the Inovatools Group. With a focused Corporate Social Responsibility (CSR) approach, we take targeted measures for environmental and climate protection, for the individual promotion and support of our employees and for strengthening the community in the region. In the long term, we have set ourselves the goal of further expanding our sustainable corporate management and fulfilling our social responsibility in the future. Corporate social responsibility is firmly anchored at all management levels. Our CSR strategy covers the areas of environment, community, employees, and workplace.

Corporate Culture

The corporate culture has a strong impact on the health and willingness to perform of the employees. Using employee surveys, we analyze and evaluate the status quo and the desired culture of our company on the part of the employees. With regular feedback rounds with employees and workshops in the management team, we continue to shape our corporate culture.

Occupational Safety

Occupational safety and the well-being of our employees are integral parts of our corporate policy. With our work and health management system, we are constantly improving the safety of our employees, minimizing risks in the workplace, and creating safe working conditions that are subject to a constant improvement process.

Employee Development

Satisfied employees are a key success factor for a quality-conscious and innovative organization. Inovatools promotes measures aimed at increasing employee satisfaction, such as sufficient exchange of information, participatory management, performance-related remuneration and access to the necessary further training.

The employee development is of crucial importance to us. With well-founded training for starting a career, we give young people the best possible start in their professional lives. With further training, support for extra-occupational studies and constant challenges, we enable our employees to develop and exploit their potential. Inovatools also promotes the autonomy of its employees.

Partners and Code of Conduct

When selecting suppliers, Inovatools focuses on competitiveness and certified quality and environmental management as well as compliance with occupational safety standards. Inovatools expects the same high ethical standards from its suppliers and service providers as are anchored in the "Code of Conduct" of our parent company. We are aware that only experienced and qualified suppliers and service providers increase our competitiveness. Trusting cooperation forms the basis for improving together.

indutrade_coc_eng_2019.pdf    supplier-code-of-conduct-indutrade-Inovatools-2019.pdf

Contribution of Inovatools products and services to the topic of sustainability

Inovatools aims to make an important contribution to the public interest with its products and services by using the best possible, environmentally friendly, energy-efficient, resource-saving and safe processes and technologies during development, production and throughout the entire product life cycle. Our regrinding service extends the lifetime of a tool. This saves resources and leads to a reduction in tool costs for our customers.

The continuous improvement of our quality, environmental, energy, work and health management and the associated compliance with the applicable obligations is a matter of fact for Inovatools.

The customer is at the center of all our efforts. All our activities are geared towards maximum customer satisfaction. We offer the customer high-quality products and services in terms of quality - based on our zero-defect strategy - as well as safety standards and environmental compatibility at a fair and competitive price. We listen carefully to our customers to understand their expectations. With advanced technical solutions, we want to give them a competitive advantage and not only meet their expectations but exceed them. We inspire our customers with innovations that are the basis for growth and customer satisfaction. Every service or product provided must be a recommendation for further business.