Covestro AG Covestro wins prestigious VAA sustainable HR award
Germany - Leading polymer company Covestro has won the coveted German Chemistry Award 2017, presented by VAA, the Managerial Association of the Chemistry Industry. The award is for the company’s exemplary and sustainable human resources policies.
This annual award, presented since 2008, honours companies that adopt highly sustainable and commendable human resources performances. The winners are determined by a jury, which conducts a regular survey involving over 7,000 managers in the chemical-pharmaceutical industry.
The award was handed to Dr. Klaus Schäfer, the company’s labour director and member of the management board at Covestro AG from Rainer Nachtrab, the first chairman of the VAA at a gala last week, which was attended by prominent guests from the chemical-pharmaceutical industry and from the politics.
Schäfer thanked Covestro’s employees and their contribution to making the company successfully independent after the spin-off from Bayer last year and underlined the need for a good working relationship among all employees: “The results for Covestro are primarily based on team spirit and a trusting, respectful work environment,” Schäfer noted at the ceremony.
Last year, Covestro finished second in VAA's manager survey, shortly after being independent from Bayer. Shäfer added that the results of the survey demonstrate to Covestro that it should remain on its current strategic path. Covestro recorded €11.9 billion in sales in 2016 and the polymer company focuses on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of our daily life. It has 30 production sites worldwide and employs approximately 15,600 people.