Responsible Corporate Governance Our strategy & economic success
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Defined as an essential topic for EVVA GRI 203: Indirect economic impact; 201: Economic performance UN Sustainable Development Goals (SDGs), No. 8: Decent working conditions and economic growth; No. 9: Industry, innovation and infrastructure; No. 11: Sustainable cities and communities
Management approach – our why:

Economic success is the basis for sustainability

The reason why is easy to explain: If a company relies on the wrong strategies, it increasingly loses ground economically – and in doing so, loses its efficacy and the staying power necessary for long-term innovative, ecological and social projects. As a result, workplace safety is reduced. Secure employment has perhaps the most positive sustainable impact of all, especially in the present climate. A company must therefore always stand on stable footing. For this reason, a successful strategy and thus, as a consequence, economic success, is seen as essential in EVVA's stakeholder dialogue.

You can also find out more about our strategic guidelines in the "Why Sustainability > Strategy" section.


Economic responsibility

Since 2015, EVVA has

  • increased productivity by 4 to 5% per year (productivity is a key figure that compares input to output in actual/target working hours)
     
  • and production output has increased by a total of 14.5% (e.g. for security cylinders from 1.27 million kg in 2015 to 1.41 million kg in 2019). This has been achieved thanks to the high demand for our access systems as well as through modern, high-performance production systems and further digitalisation steps
     
  • Revenues increased during the reporting period. For the headquarters, revenues amounted to €50.7 million in 2015 and €61 million in 2019. For the EVVA Group, revenues amounted to € 69.5 million in 2015 and € 82.9 million in 2019. (Other published capital ratios in GRI index 102-7)
     

EVVA productivity

Illustration EVVA productivity

However, economic sustainability is by no means the sole objective of EVVA Corporate Governance. Responsible Corporate Governance also takes environmental and social impacts into account when making decisions. Sustainability management is anchored in management and thus at the highest decision-making level (for more information, see GRI index 102-18: Corporate Governance, sustainability officers).


Strategic decisions and their impact on sustainability

Selection of the reporting period since 2015:

  • Further development and communication of the new EVVA culture
    EVVA began to reformulate its vision, values, mission statement and Code of Conduct in 2015. All relationships with stakeholders are based on this foundation. Above all, internally, it was and is important that every employee understands the EVVA culture and acts appropriately. This is because it has a great impact on how stakeholders perceive EVVA at all common touchpoints. Each employee also received a handy little culture box containing EVVA's vision, values, mission statement and Code of Conduct. The employee magazine regularly presents best-practice examples from everyday working life that illustrate the EVVA culture.  

    In its major employee surveys, the company regularly assesses how well the vision and strategy, etc. are perceived, understood and used as guidelines. The finding of the last survey in early 2020: They are both clearly understandable and the staff are committed to them (see graphic). Most of the scores are between the very good values 1 and 2:

Vision & StrategyChart Vision & Strategy

  • Photo of hybrid cylinder
    Combination keys open both mechanical and electronic locking components
    Promoting the combination of mechanical and electronic access systems
    In addition to mechanical access systems, electronic systems are becoming increasingly popular, for example to secure the front door with a card or smartphone. It is therefore commercially vital for a manufacturer of security systems to offer a combination of mechanics and electronics. During 2014, EVVA introduced two in-house developed electronic solutions to the market – and has continuously provided them with enhancements and updates since 2015. They complement the fundamentals of mechanical security due to offering advantages such as quick changes to access authorisations, documentation of accesses or special operating features. The number of trade partners who sell EVVA's electronic access systems internationally in addition to our mechanical solutions increased significantly during the reporting period: from 384 in 2014 to 1848 at the end of 2019 
  • A secure location
    The family-owned business EVVA is not only a very reliable employer for around 750 employees across Europe – this number has risen steadily over the last few decades – it also guarantees stability for all other stakeholders. Long-term partnerships are more important than short-term profits. This reliability also stands for the sustainability of the location. In 2019, EVVA began planning the expansion of the headquarters in Vienna and the construction of a new building for its branch in Tišnov, Czech Republic.

    Photo Work on the extension of the headquarters
    Work on the extension of the headquarters
    The headquarters are located in the middle of a large city. A rarity now. Many industrial companies are relocating to greenfield sites on the outskirts or to rural areas in order to save costs. EVVA has remained loyal to its location for 65 years. Employees benefit from excellent public transport connections and suppliers benefit from outstanding road links. For this reason, the strategic decision to further expand the location was unequivocal.

    In 2019, EVVA managing directors and owners Nicole and Stefan Ehrlich-Adám were awarded the Silver Medal of Honour by the Chamber of Commerce for their special contribution to Vienna as a business location (photo at top)
     
  • Impact of the extension in Vienna:
    > Significantly improves material flow and throughput times (among other products, Akura, the newly developed EVVA mechanical access system, which will be launched on the market in 2021 and produced on state-of-the-art production lines in the new building)
    > Optimises workplace conditions for production employees (e.g. in terms of space, climate)
    > Substantial investment of around 5 million euros for new infrastructure. Suppliers and construction companies benefit from this
    > contribution to the stability and security of the local economy: over 450 jobs directly at EVVA and many hundreds of workplaces of our trade partners in the city
    > Strengthening and expanding local industry in urban areas
    > further EVVA photovoltaic systems

    An underground garage, a ground floor, 3 floors and an attic floor are built on a 650 m² footprint area. "We are thus creating a new production area of around 4,000 m² with space to produce our new product innovations and manufacture existing solutions more efficiently", says Michael Kiel, EVVA Group Division Manager Operations & Quality Management.
     
  • Photo of the new construction of the EVVA building in Tišnov
    New construction of the EVVA building in Tišnov
    Impact of the new Tišnov building:
    > The old building will be dissolved and a state-of-the-art prestigious production facility will be built. This is mainly where locking systems for the Czech Republic and Slovakia are
    manufactured > The new building is not far from the old location and can be easily reached by employees
    > Total investment of 1.5 million euros, the contracts are awarded to local construction companies and trades
     
  • Focus on innovations, digitalisation strategy and in-house mechanical engineering
    EVVA continuously invests at least 6% of its turnover in its own research and development. More information on the subject of permanent innovation and digitalisation
Our targets

Fulfilment date: End of 2021

How and positive impact: see text above

Fulfilment date: 2024

How: In the new extension to the Vienna headquarters, which is scheduled for completion by the end of 2021, EVVA will set up state-of-the-art production lines for the manufacture of new access systems.

Positive effects: The new manufacturing processes will significantly optimise material flow and lead time: from order entry to production to delivery, it is expected that the lead time will fall from 5.84 days in 2019 to less than 5 days.

Fulfilment date: 2023

How: We expect the share of electronic access systems sold to be between 14 and 20% of our total business by the end of 2023.

Positive effects: A balanced product range promotes stability and competitiveness. We expect a continued strong increase in electronic access systems. Increasing the proportion of electronic components sold is an important strategic step towards achieving our sales targets for the coming years.

Fulfilment date: 2024

How:
1) Further cross-stakeholder sustainability dialogue to update the EVVA strategy. The current key topics were developed in the Stakeholder Dialogue 2020 and are intended to be the guiding principles behind our sustainability goals until 2024
2) Employee surveys relating to EVVA sustainability take place every 4 years, the last in 2020, the next in 2024
3) Partner survey relating to EVVA sustainability. The existing partner surveys are to be expanded to include sustainability topics for the first time

Positive effects: EVVA maintains an intensive exchange with stakeholders. The various perspectives on EVVA’s economic, environmental and social impact help us to implement a successful and increasingly precise Corporate Strategy.

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