TX Group’s sustainability contribution
As one of Switzerland’s largest media and technology companies, TX Group reaches most of the country’s population every day and employs approximately 3,000 people. With its quality journalism and variety of digital platforms, TX Group seeks to support a free and democratic society in which people can form their own opinions and are able to make informed choices. TX Group provides a network of platforms and ventures that offers users information, guidance, entertainment and help in the context of their daily lives. This is the foundation upon which TX Group plans to further develop its portfolio and create sustainable value.
For many years now, TX Group has engaged in the active discussion of various sustainability aspects, addressing them vigorously. In order to ensure that the products and services of Tamedia, 20 Minuten and Goldbach continue to generate value for stakeholders in the future, TX Group relies on high quality journalism and advertising (chapter «Journalistic responsibility», page 29 to 30, and «Responsible advertising», page 30 to 31). The strategic interests Swiss Marketplace Group and JobCloud also have an important sustainability role in Switzerland: marketplaces such as Ricardo, Tutti and Anibis, along with the automobile platforms, enable the population to trade in second-hand products, thereby contributing to an increased circular economy. The job platforms make it easier for job seekers to find a new job or re-enter the labour market, thereby enabling economic security at the individual level. Meanwhile, the platforms for property and financial services increase transparency.
Innovation is crucial to sustainable economic success. The companies’ business models are constantly reviewed and adapted to new circumstances. In the journalistic field, TX Group has focused on consistently furthering the development and expansion of digital news offerings for several years now. At present, however, printed newspapers remain an important source of information for many people in Switzerland. It is a concern of the Group to ensure these citizens also have access to good journalism.
Social responsibility towards various stakeholders is extremely important to TX Group. TX Group assumes responsibility as an employer by offering fair working conditions and interesting career opportunities, promoting skill development, taking care of employees’ health and promoting an inclusive working environment. TX Group provides an important service to the Swiss public through its journalism.
For TX Group, ecological responsibility within its sphere of influence is a core principle and is acted on by using natural resources mindfully. This mainly concerns energy consumption, the use of fossil fuels and the use of paper for printed newspapers. With its high-coverage media, the Group sees its role primarily in reporting neutrally and factually on the environment and the climate so that readers are able to make free and well-informed decisions about their own actions on this basis.
Since the beginning of January 2022, sustainability has been anchored as a responsibility of Group Management at TX Group. The Chief Communications & Sustainability Officer is responsible for the sustainability report. She will also develop and implement a sustainability strategy in close coordination with the Group companies. Qualitative sustainability goals for the top management of TX Group and its companies have already been defined and introduced in the past financial year.