Hirschvogel Holding GmbH
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:136,397 tCO2e (Scope 1 & 2)
Scope 1 Emissions:26,245 tCO2e
Scope 2 Emissions:83,911 tCO2e
Scope 3 Emissions:1,017,988 tCO2e
Total Energy Consumption:424,944 MWh
Carbon Intensity:78.68 tCO2e/million EUR (2022)
ESG Focus Areas
- Sustainable products and technologies
- Occupational health and safety
- Material and resource efficiency
- Employee advancement and development
- Energy & Emissions
Environmental Achievements
- Reduced greenhouse gas emissions in 2022 compared to 2019 despite production limitations and increased electricity consumption. Significant reduction in Scope 2 emissions by increasing the share of green electricity.
- Commissioned a new electrically powered heat treatment facility in Denklingen, reducing reliance on natural gas.
- 72% of 2022 investments flowed into green business (carbon-free mobility concepts).
Social Achievements
- Established a corporate department for occupational health and safety in 2022.
- Implemented a holistic approach to occupational health management at German sites since 2018.
- Founded the Hirschvogel Business Network in 2021 to promote women in the company.
- Offered free COVID-19 vaccinations to employees, family members, and partner company members.
Governance Achievements
- Centralized sustainability management in 2022, establishing Corporate ESG.
- Linked a syndicated loan with environmental and social factors, including emission reduction and Lost Time Incident Rate targets.
- Regularly participates in various sustainability ratings.
Climate Goals & Targets
Long-term Goals:
- Contribute to zero-emission mobility.
Medium-term Goals:
- Generate 80% of sales from products related to e-mobility by 2030.
- Reduce site-related emissions by approximately 50% by 2030.
- Reduce Scope 3 emissions by 15% by 2030.
- Reduce Lost Time Incident Rate by 30% by 2030.
Short-term Goals:
- Generate 50% of sales from products related to e-mobility by 2025.
Environmental Challenges
- Supply chain disruptions due to the COVID-19 pandemic, semiconductor crisis, and the Ukraine war.
- High volatility in sales due to reduced customer call-offs.
- High energy consumption due to energy-intensive production processes.
- Significant Scope 3 emissions (approx. 91% of total emissions).
Mitigation Strategies
- Adjusted production capacity utilization and implemented short-time work at some German locations.
- Implemented energy efficiency projects resulting in annual savings.
- Increased the share of green electricity to significantly reduce Scope 2 emissions.
- Initiated on-site photovoltaic projects and exploring long-term power purchase agreements (PPAs).
- Working with suppliers and customers to reduce Scope 3 emissions.
- Developing solutions to reduce production-related greenhouse gases through the DekPro research project.
Supply Chain Management
Responsible Procurement
- Local sourcing of production resources
- Increasing use of recycled steel
- Dialog with suppliers to reduce carbon footprint
Climate-Related Risks & Opportunities
Transition Risks
- Regulatory changes regarding combustion engine vehicles
Opportunities
- Development of energy-efficient products and processes
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 14001 (most plants), ISO 50001 (most plants)
UN Sustainable Development Goals
- All 17 UN Sustainable Development Goals
The report mentions alignment with the 17 UN SDGs and the Paris Climate Agreement.
Sustainable Products & Innovation
- Components for e-mobility powertrains
- Drive-independent components
- Micromobility components (AXIMO platform)
Awards & Recognition
- Great Place to Work (Mexico)
- Most Preferred Workplace in Manufacturing (India)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:1,296,777 t CO2e/year
Scope 1 Emissions:33,304 t CO2e/year
Scope 2 Emissions:168,765 t CO2e/year
Scope 3 Emissions:1,094,708 t CO2e/year
Total Energy Consumption:456,155 MWh/year
ESG Focus Areas
- Sustainable products and technologies
- Energy & emissions
- Material and resource efficiency
- Occupational health and safety
- Employee promotion and development
Environmental Achievements
- Linked a syndicated loan with environmental and social factors, involving a 42% reduction of Scope 1 and Scope 2 CO2e emissions by 2030 compared to 2023 and a 30% reduction of the Lost Time Incident Rate by 2030 compared to 2022.
- Replaced lighting in several production halls with LED lights, saving several 100 MWh/a.
- Expanded a hot forging furnace to feed heat into the heating network, saving around 360 MWh of natural gas per year.
- Expanded in-house electricity production with photovoltaic systems (1.2 MWp in China and 500 MWp in Mexico).
- Improved the air compressor motor in India, resulting in an energy saving of 6,760 kWh/month.
Social Achievements
- Offered free and anonymous telephone counseling service (Talingo EAP) to employees and family members.
- Organized medical examinations for employees in Poland.
- Implemented an active break concept to promote movement in production operations.
- Opened a Hirschvogel Health Center in Denklingen, including a company medical practice and fitness area.
- Implemented back injury prevention courses.
Governance Achievements
- Established a centralized, company-wide sustainability management system (Corporate ESG) reporting directly to the Management Board.
- Integrated sustainability into the strategic planning process.
Climate Goals & Targets
Long-term Goals:
- Contribute to zero-emission mobility.
Medium-term Goals:
- Reduce Scope 3 greenhouse gas emissions by 25% by 2030.
- Generate the majority of sales by 2030 with products for e-mobility powertrains or drive-independent products.
Short-term Goals:
- Reduce Scope 1 and 2 greenhouse gas emissions by 42% by 2030.
Environmental Challenges
- Volatile influencing factors such as geopolitical conflicts impacting global logistics and supply chains.
- Declining demand in e-mobility due to discontinuation of government subsidy programs.
- Involving customers in inflation-related price increases.
- Shortage of skilled workers, particularly in the USA and Mexico.
Mitigation Strategies
- Achieved planned sales volumes despite demand-related challenges.
- Increased sales of electromobility-related components.
- 64% of investments in 2023 were made in the area of “Green Business”.
- Offering partial retirement to retain valuable knowledge within the company.
- Focusing on retaining talent and knowledge within the company.
Supply Chain Management
Responsible Procurement
- Collaboration with suppliers to reduce Scope 3 emissions
- Increased use of recycled steel and aluminum
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 14001, ISO 50001, ISO 45001
Sustainable Products & Innovation
- Components for e-mobility
- Micromobility components (AXIMO brand)
Awards & Recognition
- Great Place to Work (Mexico)
- Most Preferred Workplace in Manufacturing (India)