We aim to add value to society based on our strategy, both in the Netherlands and internationally. We have depicted our value creation model in a diagram to make our positive impact clear. In this annual report, we have aligned the value creation model and the report in terms of content. We are preparing for the impact of the EU’s Corporate Sustainability Reporting Directive and what it will mean for our value creation and reporting obligations in the medium and long term.
Inputs, outputs and outcome
We have defined KPIs for the capital. With these KPIs, we give further substance to our activities and show how we are performing transparently. The chapters describing the developments in 2022, for example, discuss the KPIs in more detail. Our ambition is to improve and expand the dataset in the coming years.
Our business model is the central focus of our value creation model and it starts with our aim of using Industrial Systems and High-Tech Components to sustainably meet the need for food, health and mobility for the growing global population. This is something we work on together: agile, close to the market and with plenty of knowledge of niche markets. With driven employees and technical innovations, we add sustainable value to customers’ processes. Customers appreciate our efforts and, as a result, our market share and profitability are growing. This leads to healthy financial results which enable us to invest in training and development for our employees, in innovations and in acquisitions. In our business model, we also deal with (external) factors such as governance and risks.
Our contribution to society
At Hydratec Industries we aim to have a long-term impact on society. We have taken stock of how Hydratec can contribute to the United Nations Sustainable Development Goals (SDGs) for our own organisation. To do this, we compared the SDGs with our business operations, core business and our entire value creation process. We looked at which goals best align with our initiatives, objectives and strategy on the one hand, and the expectations of our stakeholders on the other. We used this method to identify five development goals that we focus on:
SDG 2: Zero hunger
The global population continues to grow. The more people there are, the greater the challenge of providing enough food for everyone, certainly through traditional production methods. Hydratec’s products help achieve more output in the food production process. Our companies make the production of uniform, robust day-old chicks efficient, which means that fewer raw materials are needed for food production.
SDG 3: Good health and well-being
Everyone has the right to effective medication that is available and affordable to all. The cost of diagnostics and vaccines must decrease; mass production must increase. Our High-Tech Components segment works intensively with customers on technology applications for diagnostic equipment, point-of-care instruments and medical components. In so doing, our companies make a tangible contribution to quality global care.
SDG 6: Clean water and sanitation
Clean drinking water and sanitation are essential for our health and food safety. In our Industrial Systems segment we develop and supply systems for producing water supply lines. By using them in water supply systems, we make clean drinking water available everywhere, even in remote places, and we help improve hygienic conditions.
SDG 8: Decent work and economic growth
Economic growth is sustainable only when capital, labour and resources are used responsibly, and if profits are shared and work is rewarded fairly. We pay close attention to being good entrepreneurs and employers. With operations in Brazil and India, we also feel it is our special responsibility to ensure decent work and economic growth. By observing our Code of Conduct, we oppose modern slavery, people trafficking and forced labour (including child labour).
SDG 12: Responsible consumption and production
Sustainable production and consumption reduce environmental pressure and dependence on scarce resources. This is why we do everything possible to make production processes cleaner and more efficient and to prevent, reduce and reuse waste. Timmerije worked with Swapfiets, the Dutch supplier of bicycle mobility, on a fully circular bicycle, all parts of which are made of recyclable plastic. Innovation and improvement programmes make our processes future-proof: we produce more with less.