VMI Group
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental sustainability
- Social sustainability
- Governance
Environmental Achievements
- Conducted a Life Cycle Assessment (LCA) for their MAXX tire building machine.
- Launched the innovative UNIXX Belt Maker, reducing material waste by up to 50%.
- Reduced the number of identified environmental aspects by 2.9% in VMI China compared to 2021.
- Achieved a 47% reduction in hazardous waste in VMI China.
- Replaced two heating boilers in VMI China, resulting in a reduction in NOx emissions.
- Replaced two diesel oil forklifts with electric ones in VMI China.
- Halved gas consumption in VMI Netherlands over the past twenty years while doubling facility space.
Social Achievements
- Achieved zero Lost Time Incidents (LTIs) in 2022 in overseas production plants.
- More than 90% of employees reported being proud of their work and employer.
- Celebrated VMI's 75th anniversary with events at all locations.
- Implemented a vitality program covering mental and physical well-being.
- Introduced an anti-harassment policy and training program for all employees.
- Implemented a comprehensive onboarding program for new staff.
Governance Achievements
- Conducted a materiality analysis to prioritize sustainability efforts.
- Implemented a risk management framework addressing operational, technological, financial, environmental, and social risks.
- Adheres to TKH Group's Code of Conduct.
- Underwent a SMETA audit.
Climate Goals & Targets
Medium-term Goals:
- Replace all cars to full electric cars by 2030
- Achieve carbon neutrality in own operations by 2030 (scope 1 and 2)
Short-term Goals:
- Replace fossil fueled cars to hybrid cars by 2025
Environmental Challenges
- Serious disruption in parts deliveries, impacting machine assembly and timely delivery.
- Rapidly rising costs of energy, raw materials, labor, and parts.
- Need to significantly expand production capacity.
Mitigation Strategies
- Heavy investment in production expansions (four new buildings in Leszno, Poland).
- Collaboration with diverse suppliers and maintaining a backup of crucial components.
- Continuous training for employees, competitive salaries, and strategies for leadership succession.
- Regular maintenance and periodic upgrades of infrastructure.
Supply Chain Management
Responsible Procurement
- Use of recycled materials
- Availability of recycled products
- Responsible sourcing of minerals
- Sustainable procurement policy
- ISO 20400 training for buyers
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: ISO 9001, ISO 14001, ISO 45001
Certifications: ISO 9001, ISO 14001, ISO 45001, EcoVadis Bronze rating
Sustainable Products & Innovation
- UNIXX Belt Maker
- REVOLUTE machine
- LAT100