FRAISA Annual Report 20/21

Triple sustainability Our way to the future After 41 years of defining and passionate work, Hans Stüdeli transferred the business to the younger generation in 1995. This younger generation identified together with the staff FRAISA’s key values and adhered to them in its general princi- ple. And these key values still apply today in an unchanged manner. • Quality and technological progress regarding product and production. • Collaborative communication and high personal responsibility. • Cooperation with all partners for a mutual benefit. • Environmentally-friendly products made in environ- mentally-friendly processes. • Fairness in everything we do. • Preserving independence as an owner-operated company. Today, we interpret our mission statement more comprehen- sively in terms of triple sustainability: socially, ecologically and economically. We are convinced that the core of the company is a good corporate culture – which in turn is not measured by the assessment of the Executive Board, but by the well-being of the employees. Only if the latter are sure that they are work- ing for the right employer will they develop the passion that it takes to deliver top performance for “their” customers. We are convinced that this has always been true. What is new, however, is an increased awareness of the vulner- ability of our environment, as well as of our colleagues. Each and every one of us is responsible for our environment and for our fellow human beings – to our definition, this applies even more to us as a company in accordance with the principle of “property obliges”. As an owner-operated company in the 4 th generation, it is possi- ble for us to live these convictions. We will be 87 years old as a company this year. This we achieved by focusing on high equity ratios rather than rapid growth. Our goals are not expressed in size, but in the degree in which we set an example to our em- ployees and our partners. Our primary goal is to maintain the FRAISA Group as an owner-operated company in the next gen- eration. But the next generation will only be inspired if FRAISA continues to strive to become even more sustainable, in the triple sense: socially, ecologically and economically. CHF 224,024 EXPENDITURE for the support of social and cultural activities 1 V oluntary work by the members of the Executive Board and autho- rized signatories of all companies in societies, associations, political parties and other non-profit organizations. 2 R eduction compared to previous years due to corona-related cancellations of events, activities and measures 2,039 VOLUNTARY WORK 1 2 h ANNUAL REPORT 2020/2021 I SUSTAINABLE DEVELOPMENT [ 37 ]