Sustainability Report - Schöck AG 2022

Sustainability in the innovation process. Innovation management at Schöck Schöck has implemented a culture of continuous improvement and sourcing of new ideas throughout the company. The aim is to create an innovation-friendly climate that ensures Schöck's competitiveness. In a process that has been established for decades, new ideas are assimilated, elaborated and developed to series maturity. The Innovation Steering Committee (ILA) oversees this process and accompanies innovations within the framework of milestones, from the first idea, through to prototypes, right up to series production. Sustainability aspects are also considered here, e.g. the lifetime of the products or the materials used and their impact on the carbon footprint. Detailed planning Outline planning Preliminary phase Detailed planning Implementation Implementation Completion Review after 1 year Overview of milestones & project phases MS 1 MS 2 MS 3 MS 4 MS 5 MS 6 MS 7 Start of series production Product development completed Product concept ready Project plan & functional specification Requirement specification Product idea Market launch Schöck Sustainability Report 2022 61

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