FST Guiding Principles Leitsätze

Often invisible. Always essential.

Guiding principles

The value structure

These principles are the guide to entrepreneurial action at Freudenberg

Company founder Carl Johann Freudenberg had already written down the company's basic business principles, the value structure for entrepreneurial action at Freudenberg, and passed them on to his sons. They have been an important component of the company culture ever since.

Six principles – closeness to the customer, innovation, leadership, people, responsibility and a long-term orientation – get right to the heart of this value-based thinking.These principles form the foundation of company activities and are a yardstick and point of reference. In this way, they build a bridge between Freudenberg's successes in the past, present and future.

Creativity, quality, diversity and the capacity to innovate are the cornerstones of Freudenberg's high level of competitiveness. It is based on reliability and responsible action. The company relies on partnerships and long-term relationships with customers and suppliers and on financial stability, documented in a traditionally high equity ratio. Freudenberg sees itself as a company of entrepreneurs, trusts in the excellence of its employees and promotes their personal development.

Value for customers

We are committed to anticipating, understanding and meeting our customers’ needs and expectations. As a diligent supplier with a passion for detail, we provide indispensable support to make our customers successful. We deliver superior value through our commitment to quality, service and reliability, supported by our global presence.

Innovation

As a multinational company of German origin competing in global markets, ourestablished tradition of innovation and renewal benefits our customers. Constant innovation in everything we do is essential for our long-term financial success. We are leaders in continuous improvement and our culture rewards creativity and initiative by all our employees.

Leadership

Entrepreneurship is our heritage and the foundation of our success. We continue this tradition through delegated responsibilities, freedom of action and personal accountability. We believe in solid leadership based on personal example, modesty, putting trust in people and promoting team spirit. We are committed to developing our future leaders within the Freudenberg Group in order to safeguard this style.

People

As a family company, we are devoted to our employees’ well-being and personal development. We reject all forms of discrimination and harassment and show understanding and respect in our dealings with each other. We promote a multi-cultural environment where employees work together in worldwide teams to enrich our corporate culture and capability. We believe in the value of enduring relationships with customers, suppliers and industrial partners.

Responsibility

Our company and its family shareholders together are committed to protecting the environment and being responsible corporate citizens in all countries and communities in which we do business. We take all possible care to ensure the safety of the workplace and of our products.

As a family company, we strive for the highest standards of personal behavior. Fairness and integrity guide our conduct amongst ourselves, towards our business partners and the general public.

Long-Term Orientation

After more than 160 years, the Freudenberg Group is and will remain a wholly owned family enterprise. We strongly believe that our long term business orientation is a major strength that benefits our customers and partners. While we are not adverse to reasonable risks, financial prudence and solidity will continue to determine the scope and speed of our strategic development.

Freudenberg has a long and successful tradition of worldwide cooperation, alliances and partnerships which enable us to better serve our customers and strengthen our competitive position.