An external audit has not been conducted. The printed version of the first Haniel CR report, Valued Bonds, was published on 28 April 2014. Reporting in accordance with the GRI guidelines is carried out every two years. In addition, Haniel reports transparently on the progress it is making in its CR activities every year in its annual report. The Holding Company has the basic expectation that the divisions develop CR strategies tailored to their own business model and that divisions exceeding a certain progress report transparently on their results in sustainability reports in accordance with the GRI guidelines.