Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety
• Environmental Sustainability
• Social Responsibility
• Corporate Governance

Environmental Achievements

• Received EcoVadis Bronze Medal (50% compliance)
• Replaced 36 cranes in Europe with cleaner emission technology (7 emission-free)
• Invested in 62 trucks and 70 optimized trailers in Central Asia to minimize fuel consumption
• Completed CO2/NOx/PPM tracking tool
• Solar panel installations and electrification efforts
• Switched to biodegradable oil for all barge hydraulic systems
• Using Biohydran TMP hydraulic fluid in ballasting systems

Social Achievements

• Launched Sarens Women+ publication
• Hosted job days to attract new generation of professionals
• Sustainability-driven donations to nonprofits
• Improved global frequency rate by 42% (18 accidents in 2022 to 12 in 2023)
• Substantial decrease in lost workdays (622 in 2022 to 200 in 2023)
• Improved global severity rate by 80%
• Developed free training center for riggers and crane operators in Kazakhstan
• Cooperated with Polish technical high school for heavy machinery mechanics training

Governance Achievements

• Appointed a dedicated ESG manager
• 100% ownership regained by founding shareholders
• Improved contract management training for Business Units
• Successfully navigated legal aspects of share reacquisition
• Supported strategic acquisition of shares in Zanetti Solution
• Proactively addressed compliance challenges related to conflicts, sanctions, and changing regulations

Climate Goals & Targets

Environmental Challenges

• Macroeconomic challenges from Russia-Ukraine conflict, supply chain disruptions, inflation, and increased interest costs
• Historically high inflation rates
• Ever-shrinking labor market
• Evolving customer requirements and market dynamics
• Impact of the conflict between Russia and Ukraine
• Impact of COVID-19
• Impact of Pillar II Legislation
• Impact of CSRD Legislation

Mitigation Strategies

• Well-diversified business model
• Strict pricing discipline
• Preventative maintenance and proactive daily checks
• Assessing operators and providing training/mentoring
• Expanding ECOL-recognized training school
• Refining utilization and daily planning system
• Close cooperation with SHEQ colleagues
• Successful implementation of the depot model
• Proactive discussions with banks to secure covenants
• Cost control measures and strategic fleet positioning
• Increased attention to timely billing of services and monitoring of working capital
• Detailed analysis of Pillar II and CSRD legislation impacts and preparation for compliance

Supply Chain Management

Responsible Procurement

• Commitment to using low-emission technology in new equipment purchases

Climate-Related Risks & Opportunities

Opportunities

• Growth in renewable energy market (offshore/onshore wind, nuclear, hydrogen)

Reporting Standards

Frameworks Used: EcoVadis

Certifications: ISO 9001, ISO 14001, ISO 45001, VCA-P (Western Europe)

Third-party Assurance: KPMG Bedrijfsrevisoren - Réviseurs d’Entreprises

Sustainable Products & Innovation

• SGC-90 electric crane

Awards & Recognition

• EcoVadis Bronze Medal
• BLCC Golden Bridge Award for Carbon Reduction (2023)
• Heavy Lift Awards 2023 (Safety and Training category)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Built the world's first green giant crane (SGC-90), which can connect to the electricity grid and produce its own energy.
• Investing in new hybrid cranes and transitioning its truck fleet to Euro 6 emission standards.
• Using biodegradable oil for barge hydraulic systems.
• Installed over 3,000 solar panels at its Belgian headquarters with plans for more across Europe.
• Promoting recycling across all sites.

Social Achievements

• Launched Sarens Women+, the first women-focused publication in the heavy lifting industry.
• Employs a diverse workforce representing over 80 nationalities.
• Developed a free training center for riggers and crane operators in Kazakhstan.
• Cooperates with a technical high school in Poland.

Governance Achievements

• Works ethically with a strict code of conduct against corruption.
• Dedicated to upholding human rights.
• Company core value of respect for people.

Climate Goals & Targets

Environmental Challenges

• Reducing greenhouse gas emissions and improving energy efficiency across operations.
• Minimizing emissions of carbon dioxide and other hazardous particles.

Mitigation Strategies

• Investing in electric and hybrid cranes.
• Transitioning to a more sustainable fleet by replacing older equipment.
• Using alternative fuels like HVO (reducing CO2 emissions by up to 90%).
• Optimizing and recycling existing products.
• Repairing equipment for longer use instead of replacing it.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• SGC-90 green giant crane
• Hybrid cranes
• Electric SPMT (Self-Propelled Modular Transporter)

Awards & Recognition

• EcoVadis Bronze recognition award