TÜV SÜD AG
Climate Impact & Sustainability Data (2019)
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Sustainability
- Safety
- Social Responsibility
- Good Corporate Governance
- Ecology
Environmental Achievements
- Reduced energy consumption through initiatives in older buildings
- Construction of new Asian headquarters and “Newton” building in Munich according to latest sustainability standards
- Development of a guideline for Hyperloop technologies
- Expansion of laboratory capacities for testing charging stations and electric vehicles
Social Achievements
- Launched employee beekeeping project
- Launched internal energy audit to improve energy efficiency and climate protection
- Supported environmental project Meer Plastik
- Increased focus on recruiting new talent with expertise in new technologies
- Initiatives to improve gender equality
Governance Achievements
- Consolidated and expanded sustainability information in annual report
- Established a working group to compile guidelines and advice for UKCA mark
- Integration of ESG into Strategy 2025
Climate Goals & Targets
Long-term Goals:
- Becoming customers’ partner for safety and sustainability in the physical and digital world
Medium-term Goals:
- Doubling the business volume of the PS Division in the UK by 2026
Environmental Challenges
- Uncertainty due to the coronavirus pandemic
- Manufacturers bringing products to market faster than standards can be developed
- Underrepresentation of women in the industry
- Need to increase market awareness and expand sales activities for cyber security services
Mitigation Strategies
- Remaining flexible and rethinking plans
- Developing new services and adapting existing ones to the current state of the art
- Working on making the testing and certification industry more attractive to women
- Implementing “Speed Up Sec-IT” program to improve market awareness and sales
Supply Chain Management
Responsible Procurement
- Assessment of documents related to raw material origin and recycling rate in battery cell manufacturing
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products
- Growth in renewable energy sector
Reporting Standards
Frameworks Used: UN Sustainable Development Goals (SDGs)
Sustainable Products & Innovation
- Mobile gas test case