Climate Change Data

Zühlke Technology Group AG

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:7582 tCO2e/year
Scope 1 Emissions:263 tCO2e/year
Scope 2 Emissions:319 tCO2e/year
Scope 3 Emissions:7000 tCO2e/year
Renewable Energy Share:36%
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:4.0 tCO2e per employee

ESG Focus Areas

  • Protecting the planet
  • Transforming businesses
  • Empowering our people
  • Building communities

Environmental Achievements

  • Reduced carbon emissions by 11% compared to 2022
  • Reduced total energy consumption by 21% compared to 2022
  • Increased renewable energy share to 36% of total energy consumption (from 16% in 2022)
  • 3,467 tonnes of CO2 removed or avoided by funding high-quality climate mitigation projects

Social Achievements

  • Published first group DE&I report
  • 73% participation rate in group-wide ‘Empower & Engage’ survey with 79% engagement score on DE&I questions
  • Voluntarily conducted equal pay analysis in all Zühlke countries with more than 100 colleagues, achieving an overall positive result
  • Launched ‘Design for Sustainability’ course with 62 participants

Governance Achievements

  • Implemented mandatory cybersecurity training
  • Introduced Supplier Code of Conduct
  • Implemented a new Workday learning platform
  • Concluded a milestone agreement between all companies within the global Zühlke group for data protection compliance

Climate Goals & Targets

Long-term Goals:
  • Reduce absolute Scope 3 GHG emissions by 90% by 2040
  • Reach net-zero greenhouse gas (GHG) emissions across our value chain by 2040
Medium-term Goals:
  • Reduce absolute Scope 1+2 GHG emissions by 90% by 2030
  • Reduce absolute Scope 3 GHG emissions by 42% by 2030
  • Achieve at least 70% of revenue from projects with positive impact by 2030, including at least 30% from projects with substantial positive impact
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Difficult decisions, including redundancies, due to upheavals in the banking sector
  • Need to improve data quality for emissions reporting, moving away from estimations
  • Addressing Scope 3 emissions
Mitigation Strategies
  • Supporting affected colleagues during redundancies
  • Introducing more direct accounting of emission sources
  • Developing and implementing a carbon reduction plan, including renewable energy procurement and energy efficiency audits
  • Reviewing procurement and supplier processes to prioritize sustainable options

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI, UN Global Compact

Certifications: ISO 9001, ISO 13485, ISO 27001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 3: Good Health and Well-being
  • Goal 5: Gender Equality
  • Goal 8: Decent Work and Economic Growth
  • Goal 9: Industry, Innovation and Infrastructure
  • Goal 12: Responsible Consumption and Production
  • Goal 13: Climate Action

The report details how various initiatives contribute to these goals through client projects and internal operations.

Sustainable Products & Innovation

  • Temperature monitoring product for Berlinger
  • Software for photovoltaic monitoring

Awards & Recognition

  • The Banker’s 'Innovation in Digital Banking Awards' for mobile innovation