SOFTING AG.
SYT.XETRA | Computer programming activities
SOFTING AG is a Germany-based company that provides industrial data communication solutions. It operates through three segments: Industrial Automation, Automotive Electronics, and IT Networks. The Industrial Automation segment offers products and services for integrating field devices into automatio...Show More
Better Health for All
0
SOFTING AG's principal goods and services, which include industrial automation, automotive electronics, and IT networks, have no significant direct positive or negative health impact, aligning with a neutral score for health_impact_core. The company does not generate revenue from products with established negative health outcomes, resulting in a neutral score for harmful_revenue_share. All other KPIs are omitted as the company's business model does not directly involve health-related products or services, and the provided evidence, such as internal employee wellness programs or environmental benefits, falls outside the scope of 'Better Health for All' as defined by the rubric.
Fair Money & Economic Opportunity
0
SOFTING AG is a company focused on industrial data communication solutions, automotive electronics, and IT networks. The provided articles do not contain any evidence that the company engages in activities related to lending, insuring, moving, or storing money for consumers or underserved populations, which is the core focus of the 'Fair Money & Economic Opportunity' value. Therefore, all KPIs under this value are not applicable to SOFTING AG's business model as described in the evidence, and no relevant data points were found to score them.
Fair Pay & Worker Respect
0
No specific, concrete data points were found in the provided articles for any of the KPIs related to Fair Pay & Worker Respect for SOFTING AG. The articles contain financial data and employee numbers
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,
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but explicitly state the absence of information regarding employee compensation, benefits, labor practices, pay ratios, pay equity, worker engagement, safety incidents, collective bargaining, contract types, or labor law violations for the company.
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Fair Trade & Ethical Sourcing
0
No specific, quantitative evidence was found in the provided articles for any of the KPIs related to Fair Trade & Ethical Sourcing. While Softing AG states it contractually insists on compliance with its Code of Conduct, which includes human rights and environmental standards, and that compliance is regularly reviewed, no percentage of contracts covered or specific audit frequency is provided.
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The company also adheres to ILO conventions on child and forced labor, and carries out due diligence regarding conflict minerals for 10 to 15 years, but no number of incidents or share of spend on high-risk materials is given.
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Therefore, all KPIs are omitted as the evidence lacks the specific numerical data required by the rubric's quantitative thresholds.
Honest & Fair Business
-30
SOFTING AG deviates from the German Corporate Governance Code recommendation C.7, which stipulates that more than half of shareholder representatives on the supervisory board should be independent.
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This is due to Dr. Horst Schiessl serving for over 12 years
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and Dr. Klaus Fuchs having a business relationship with the company.
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The independent auditor's report for 2022 confirmed that consolidated financial statements comply with IFRSs and German commercial law, providing a true and fair view.
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The company details its internal control and risk management systems for financial reporting.
5
The Executive Board and legal department state they take compliance seriously, noting no compliance cases have arisen so far.
6
In 2024, the company exceeded its maximum debt-to-equity ratio financial covenant in Q2 and Q3, but these breaches were accepted by banks without consequences.
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An audited remuneration report is published and made publicly available for ten years.
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Softing invests in cybersecurity, provides staff training, and its domestic entities achieved TISAX Level 3 Certification for data security in December 2024.
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Kind to Animals
0
No evidence available to assess SOFTING AG on Kind to Animals.
No War, No Weapons
0
No evidence available to assess SOFTING AG on No War, No Weapons.
Planet-Friendly Business
0
The company reports 0.0% of its assets as stranded, stressed, or at risk due to climate, indicating that no assets are at risk from climate transition.
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It also states a 'Low' physical risk level
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and has identified 'Extreme Heat in Bayern, Germany' as an adaptation priority.
3
While Softing acknowledges consuming fewer natural resources than the manufacturing industry and tracks paper, water, waste, and electricity consumption, no specific consumption figures, reduction percentages, or targets are disclosed.
4
The company prepared its first voluntary sustainability report in financial year 2022
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and has an environmental protection and energy management system, but no performance metrics are provided.
6
Respect for Cultures & Communities
0
No specific, concrete data points were found in the provided articles regarding SOFTING AG's performance on any of the KPIs related to Respect for Cultures & Communities. The articles are general company overviews
1
and explicitly state they do not contain information on formal partnerships, community reinvestment, cultural incidents, impact assessments, local employment, grievance mechanisms, FPIC processes, community governance, cultural preservation, local procurement, indigenous suppliers, cultural site protection, social license, charitable giving, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training.
2
Safe & Smart Tech
0
No evidence available to assess SOFTING AG on Safe & Smart Tech.
Zero Waste & Sustainable Products
0
The provided articles do not contain specific quantitative data or concrete details regarding Softing AG's own waste management practices, product recyclability, packaging sustainability, or other zero waste and sustainable product initiatives. While one article mentions a collaboration aimed at helping customers reduce resource consumption and waste through data-driven insights
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, this does not provide evidence for Softing AG's internal performance against the defined KPIs.