The grundfos story
Grundfos was founded in 1944, but it was in 1945 that our founder, Poul Due Jensen, received an order from a neighbouring farmer who wanted a small, automated system to solve his problems in accessing clean water. Poul Due Jensens then provided our first pump ever made, Foss 1.
From producing 500 pumps in 1947 to 50,000 in 1959, Grundfos has since become one of the world's leading providers of pump solutions with annual production standing at more than 17 million units.
Grundfos values define who we are and what we stand for as a company. They guide our actions and serve as our cultural cornerstones wherever we are in the world.
Grundfos Code of Conduct sets the direction for the company, and sets out guidelines for employees. It applies to all Grundfos companies and employees, in all countries and all positions. It further articulates our values and sets out behavioural guidelines for good business ethics.
A Pump is a corporate movie on the story of Grundfos and Poul Due Jensen, the founder of Grundfos – how his vision and ambition guided Grundfos to where we are today.
Building a strong relationship with our stakeholders helps us understand how and where we can contribute value to society, through our business and the way we do business. We engage at all levels, from production employees to senior management.
Find out who our stakeholders are, how we engage with them to linking our stakeholders to our four main material areas.
Priority topic assessment
We engaged in a three-pronged qualitative assessment approach to identify our priority topics. The approach looked at: (a) mega-trends and regulatory developments, (b) corporate objectives and values and (c) opportunities to support global sustainable development.
We then took a fresh look at our corporate objectives and values in this context to better understand how we are currently positioned and assess our impact now and in the future.
In practice: Support the SDGs with sport
During the Women’s Handball World Championship 2017 in Germany, we took the opportunity to show our commitment and create awareness of the UN’s Sustainable Development Goals #6 and #13.
In close cooperation with two NGOs, Grundfos had chosen four water and climate projects in Timor Leste, Mali, Kenya, Peru, and Bolivia; two for goal #6 and two for goal #13. Prior to the competition, we randomly assigned each national team with two projects to support. So each time a national team scored the first goal 6 or 13 in a match, a sum of money was donated to the project assigned to that team.
“Water is the foundation of Grundfos’ business and of all of our lives, and as the world faces a global water crisis, we are committed to being part of the solution. Our work with the sustainable development goals #6 and #13 is part of that commitment," says Mads Nipper, Grundfos CEO.
France came out as the new World Champions, and we donated a total of €55,400.
In practice: Ways of meeting the SDGs
More than 1000 professionals gathered at a well-attended, 10-day innovation lab in Denmark to search for freash, new responses to the SDGs. Some of them visited us in Bjerringbro, Denmark.
UNLEASH is a global innovation lab that brings together people from around the world to brainstorm and generate insights and ideas on building robust global networks around the Sustainable Development Goals.
Each SDG represented a track; Grundfos hosted and sponsored the water track, which brought more than 120 professionals to our headquarters in August 2017. They collaborated on finding fresh and innovative solutions to some of the world's water-related issues.
“The involvement of Grundfos in linked markets, as opposed to the core business of pumps, I found very progressive,” says Matthew Davey from South Africa, who was one of the participants in the UNLEASH Innovation Lab 2017.