Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate protection
• Energy efficiency
• Environmental and social standards in the supply chain
• Occupational health and safety

Environmental Achievements

• Extended corporate carbon footprint accounting to the entire Witzenmann Group, covering over 85%.
• Witzenmann GmbH received ISO 50001 certification for its energy management system.
• Introduced ISO 14001 environmental management systems and ISO 45001 certified occupational health and safety at more sites.
• Produced 182 MWh of green electricity with PV plants, saving 52 tonnes of CO2eq.
• Reduced annual electricity consumption of compressed air generation by 90 MWh.
• Saved a further 90 MWh per year through demand-oriented control of ventilation systems.
• Realized annual savings of 745 MWh of electricity through LED lighting conversion.

Social Achievements

• Received the highest award as "Top Company 2022" from Kununu.
• Received the "Impact Award" from the State of Michigan (USA) for collaboration and promotion of workforce development.
• Witzenmann Mexico received the "Great Place to Work" award in 2021.

Governance Achievements

• Joined the Science Based Targets initiative (SBTi).
• Joined the Baden-Württemberg Climate Alliance.
• Signed the Diversity Charter.
• Implemented a group-wide monitoring system for scrap volumes.
• Established a group-wide compliance management system (CMS) based on ISO 37301.

Climate Goals & Targets

Environmental Challenges

• Economic uncertainties due to rising inflation, material and energy price increases caused by the Ukrainian war and the associated energy crisis, and political developments in China.
• Uncertainty in Scope 3 emissions assessment due to sourcing of steel and stainless steel.

Mitigation Strategies

• Intensifying development and manufacturing activities in hydrogen economy, electro-mobility, and renewable energies.
• Increasing purchase and in-house generation of green power.
• Improving energy efficiency.
• Working on reducing uncertainty in Scope 3 emissions assessment by determining specific emission factors for steel and stainless steel.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct based on UN Guiding Principles on Business and Human Rights, ILO standards, and UN Global Compact.
• Annual surveys of suppliers regarding conflict minerals.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products
• Hydrogen technologies

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 50001, ISO 14001, ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Products for renewable energies (solar thermal power plants, wind turbines, biogas plants)
• Cooling line systems for stationary battery systems
• Integrated cooling tube solutions for battery assemblies and electric motors
• Pressure accumulator for chassis suspensions

Awards & Recognition

• Top Company 2022 (Kununu)
• Impact Award (Michigan, USA)
• Great Place to Work (Mexico)

Environmental Metrics

ESG Focus Areas

• Climate protection
• Energy efficiency
• Environmental and social standards in the supply chain
• Occupational health and safety

Environmental Achievements

• Further reduced group-wide energy consumption and greenhouse gas emissions in Scope 1 and 2
• Expanded self-generated photovoltaic electricity
• Reduced fresh water consumption at Witzenmann GmbH by 5%
• Witzenmann-Spain reduced raw material use and production scrap
• Witzenmann-Slovakia improved waste sorting, resulting in a higher recycling rate
• Witzenmann USA diverted over 50 tonnes of waste from landfill to recycling

Social Achievements

• Established Sustainability Round Table in 2023
• Reduced accidents at work
• Expanded Health Day format to a “Health Week”
• Offered smoking cessation seminars and driver safety training
• 83% retention rate for trainees

Governance Achievements

• Created a separate department responsible for all sustainability issues
• Implemented a group-wide Compliance Management System (CMS) based on ISO 37301
• Prepared for the German Act on Corporate Due Diligence Obligations in Supply Chains (LkSG)

Climate Goals & Targets

Environmental Challenges

• Rising global inflation, the war in Ukraine, and political developments in China resulted in an uncertain economic situation
• Increased production volume led to an increase in absolute GHG emissions
• Longer procurement times for primary materials led to longer delivery times
• Increased material and energy costs

Mitigation Strategies

• Improving energy efficiency
• Expansion of in-house generation from renewable energies
• Conversion of external procurement to renewable energies
• Electrification and use of environmentally friendly technologies
• Improving material and raw material efficiency
• Implementing environmental life cycle assessments
• Introducing regular risk analyses & supplier assessment according to sustainability criteria

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct
• Sustainable procurement policy
• Annual enquiries of all suppliers affected by conflict minerals

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI, UN Global Compact

Certifications: ISO 14001, ISO 50001, ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Cooling tube solutions for battery assemblies; components for hydrogen applications; pressure accumulator for chassis suspensions; flat ducts for home ventilation systems.

Awards & Recognition

• EcoVadis Gold medal; Kununu “Top Company 2023”