Note 2: Better lives

We believe innovation creates long-term impact when it responds to market and social needs. We are engaging our people (Note 8) to deliver products (Note 1) and programs (Note 11) that improve lives by fulfilling the needs of the societies we work in.

To better understand and quantify our social value creation, we developed a systematic approach in collaboration with EY (see Value creation and Managing sustainability). In addition, we actively participate in social impact valuation platforms, such as the Impact Valuation Roundtable and the World Business Council for Sustainable Development’s Social and Natural Capital Protocol.