Landis+Gyr Group AG
Climate Impact & Sustainability Data (2016-04 to 2017-03, 2019-04 to 2020-03, 2020-04 to 2021-03, 2021-04-01 to 2022-03-31, 2022-04-01 to 2023-03-31, 2023-04 to 2024-03)
Reporting Period: 2016-04 to 2017-03
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Overall CO₂ emissions decreased by 2.2% (20.1% since 2007)
- Landfill waste reduced by 26.6%
- Chemical use decreased by 11.6% (almost halved in 5 years)
- Water consumption stabilized using alternative water sources
Social Achievements
- Launched Fair Meter Initiative focusing on circularity, fair materials, labor standards, and data privacy
- Energy Efficiency Program at Home in Curitiba, Brazil, reduced employee energy consumption by almost 10%
- Various community engagement projects (Adopt-A-Spot, Earth Day/Arbor Day celebrations)
Governance Achievements
- Full compliance with laws and regulations
- Implemented internal and external control measures to prevent corruption and human rights violations
- Supplier Code of Conduct or equivalent standards required for tier one suppliers
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Reduce total waste by 2% per year (2017-2019)
- Reduce landfill ratio by 2% per year (2017-2019)
- Reduce overall CO2 emissions by 2% per year (2017-2019)
- Reduce CO2 emissions per unit produced by 1.5% per year (2017-2019)
Environmental Challenges
- Increased Scope 3 emissions due to business development activities
- Increased waste in Asia Pacific and EMEA regions due to production expansion and first-time hazardous waste reporting in Melbourne
Mitigation Strategies
- Initiatives to reduce water consumption and increase use of alternative water resources
- Improved waste sorting and recycling at manufacturing sites
- Chemical management projects to phase out hazardous chemicals
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Landis+Gyr Supplier Code of Conduct or equivalent standards (e.g., EICC)
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Greenhouse Gas Protocol
Certifications: ISO 9001, ISO 14001, OHSAS 18001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Smart Meters (energy efficiency gains and renewable resource integration)
Awards & Recognition
- 2016 Global Frost & Sullivan Award for Technology Leadership
- 2016 and 2017 Global Company of the Year Award (Frost & Sullivan)
- 2017 Grid Edge Award for distributed intelligence application
- RoSPA Health and Safety Award 2017 (President’s Award)
- Gartner Magic Quadrant for MDM products Leader (2017)
- Best Workplace for Waste Prevention and Recycling (King County, 2016)
- Asian Utility Week Awards 2017 (Best IoT Network Rollout Project and Best Customer Engagement Project)
Reporting Period: 2019-04 to 2020-03
Environmental Metrics
ESG Focus Areas
- Energy Efficiency and Climate Protection
- Resource Efficiency
- Strategic Responsible Sourcing
- Employee Motivation
- Occupational Health and Safety
- Fair Labor Practices
- Community Engagement
- Data Security and Privacy
- Business Integrity
Environmental Achievements
- Reduced CO2e emissions by 9%
- Reduced water consumption by 11%
- Reduced waste by 6%
- Reduced chemicals by 12%
- Enabled 8 million tons of direct CO2 emission reduction through installed smart meters
Social Achievements
- Conducted a global employee engagement survey with 88% response rate and 84% favorability score
- Launched global policies for talent acquisition and international assignments
- Developed one consistent corporate onboarding program
Governance Achievements
- Signed up to the UN Global Compact
- Adopted the Global Reporting Initiative Standards (Core option)
- Established a Sustainability KPI as an important element of Landis+Gyr’s Short-Term Incentive plan
- Issued revised Supplier Code of Conduct addressing green procurement, conflict minerals as well as human rights requirements
- Introduced new Code of Conduct and provided training
Climate Goals & Targets
- Not disclosed
- Implement a global reward and career framework
- Adopt a reporting framework and a human rights due diligence process
- Maintain and further improve current OHS management system
- Implement a global employee motivation strategy
- Get commitment of top 100 suppliers to revised Supplier Code of Conduct
Environmental Challenges
- COVID-19 pandemic impact on operations and data collection
Mitigation Strategies
- Implemented various COVID-19 measures to protect employees and maintain operations
- Adapted protection measures for employees, partners, and customers based on each country’s situation
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Supplier Code of Conduct
- Green Procurement Policy
- Conflict Minerals Reporting
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Increasing regulations of emissions
Opportunities
- Development of energy-efficient products and solutions
Reporting Standards
Frameworks Used: GRI Standards (Core option), UN Global Compact
Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 27001, ISO 22301, ISO 17025
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 9 (Industry, innovation, and infrastructure)
- Goal 13 (Climate action)
Landis+Gyr's products and services contribute to these goals by enabling more efficient and sustainable energy management
Sustainable Products & Innovation
- Smart meters enabling energy efficiency gains and integration of renewable resources
Awards & Recognition
- RoSPA President’s Award (UK)
- Outstanding Award in Occupational Safety (Pequot Lakes, USA)
Reporting Period: 2020-04 to 2021-03
Environmental Metrics
ESG Focus Areas
- Energy Efficiency and Climate Protection
- Data Security and Privacy
- Employee Motivation
- Business Integrity
- Community Engagement
- Fair Labor Practices
- Occupational Health & Safety
- Resource Efficiency
- Strategic Responsible Sourcing
Environmental Achievements
- Reduced own CO2 emissions by nearly 50%
- Doubled the amount of renewable energy used at its sites in Corinth, Lafayette and Pequot Lakes
- Avoided 8.5 million tons of CO2 emissions through its installed Smart Metering base
Social Achievements
- Established a COVID-19 fund for employees and their dependents in India
- Introduced an ESG component of 10% in short-term incentive (STI) for all bonus-eligible employees (increased to 20% in FY 2021)
Governance Achievements
- Increased the weight of the ESG component in short-term incentive to 20%
- Raised the number of ESG-related STI targets from three to eleven
Climate Goals & Targets
- Achieve carbon neutrality by 2030
- Reduce water consumption per employee
- Increase portion of energy from renewable sources
- Increase portion of Eco-Portfolio
Environmental Challenges
- Pandemic hampered implementation of some energy reduction activities
- Overstated water consumption in India (correction in progress)
Mitigation Strategies
- Developed alternative sourcing strategies
- Implemented restructuring and streamlining initiative (Hermes)
Supply Chain Management
Supplier Audits: 250 suppliers addressed with Code of Conduct and Green Procurement Policy; 161 signed Green Procurement Policy (73% of spend)
Responsible Procurement
- Supplier Code of Conduct
- Green Procurement Policy
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, UN Global Compact
Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 27001 (several sites)
Sustainable Products & Innovation
- Eco-Portfolio
Awards & Recognition
- Recognized as one of 300 European Climate Leaders by FT-Statista
Reporting Period: 2021-04-01 to 2022-03-31
Environmental Metrics
ESG Focus Areas
- Energy Efficiency and Climate Protection
- Resource Efficiency
- Strategic Responsible Sourcing
- Occupational Health and Safety
- Employee Engagement
- Fair Labor Practices
- Community Engagement
- Security and Data Privacy
- Business Integrity and Fair Taxes
- Product Social Impact
Environmental Achievements
- Avoided over 9 million tons of CO2 emissions through installed Smart Metering base in FY 2021
- Reduced CO2 emissions by 27% in FY 2021 compared to FY 2020
- Reduced water usage by 20% in FY 2021 compared to FY 2020
- Reduced waste by 8% in FY 2021 compared to FY 2020
- Reduced chemicals use by 9% in FY 2021 compared to FY 2020
- Increased renewable electricity share to 64% in FY 2021
Social Achievements
- Established a COVID-19 fund for employees and their dependents in India
- Created an employee donation fund to support the Ukrainian people
- Reduced Lost Time Incident Frequency Rate (LTIFR)
- Increased average employee training hours
- Increased percentage of suppliers who signed the Supplier Code of Conduct and green procurement policy to 85%
Governance Achievements
- Updated Anti-Bribery & Corruption Policy
- Ensured 100% of relevant employees completed anti-corruption training
- Increased the weight of the ESG component in short-term incentive to 20%
Climate Goals & Targets
- Not disclosed
- Achieve carbon neutrality for scope 1 and 2 by 2030
- Not disclosed
Environmental Challenges
- Supply chain disruptions due to the COVID-19 pandemic
- Climate change impacts on operations and value chain
- Data security and privacy risks associated with digital technologies
Mitigation Strategies
- Implemented business continuity procedures
- Joined the Science Based Targets initiative
- Enhanced internal security training and implemented new security solutions
- Developed and rolled out overarching ESG reporting guidelines and data capturing handbook
Supply Chain Management
Supplier Audits: 85% of relevant suppliers signed the Supplier Code of Conduct
Responsible Procurement
- Supplier Code of Conduct
- Green Procurement Requirements
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI, UN Global Compact, Science Based Targets initiative
Certifications: ISO 9001, ISO 45001, ISO 14001, ISO 27001
Third-party Assurance: DQS
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Eco-Portfolio products
Awards & Recognition
- Recognized as one of 300 European Climate Leaders by FT-Statista
Reporting Period: 2022-04-01 to 2023-03-31
Environmental Metrics
ESG Focus Areas
- Product Social Impact
- Resource Efficiency
- Energy Efficiency & Climate Protection
- Employee Engagement
- Fair Labor Practices
- Occupational Health & Safety
- Community Engagement
- Strategic Responsible Sourcing
- Security and Data Privacy
- Business Integrity and Fair Taxes
Environmental Achievements
- Reduced CO2 emissions by 3% (excluding Luna and Etrel)
- Increased renewable electricity share to 70% (excluding Luna and Etrel)
- Reduced water withdrawal per employee to 12.4 m3
- Reduced waste sent to landfill to 6.17%
- Curitiba site achieved Zero Waste to Landfill (ZWL) certification with a 99.91% landfill diversion rate
- Avoided 9.56 million tons of CO2e through products (based on original model; 8.4 million tons based on revised model)
Social Achievements
- Increased average employee training hours to 16.8 hours
- 88% of suppliers adhered to the Supplier Code of Conduct
- Launched Employee Share Purchase Plan (ESPP)
- Consistently high employee engagement survey response rate (84%) with 85% outcome in sustainable engagement
Governance Achievements
- 100% of white-collar employees trained on business ethics
- Annual year-over-year increase in combined level of security compliance with pertinent frameworks by 15%
- 20% of Short-Term Incentive (STI) plan payout linked to ESG performance
Climate Goals & Targets
- Reduce absolute scope 1, 2 & 3 emissions by 90% until FY 2050, from FY 2021 base year.
- Attain carbon neutrality in Landis+Gyr’s operations (Scope 1 & 2) by 2030
- Achieve SBTi targets (42% reduction in Scope 1, 2, and 3 emissions by 2030; 100% renewable electricity by 2030)
- Reduce CO2e per 100 USD turnover to 0.45 kg by 2025
- Reduce water withdrawal per employee to 12 m3 by 2025
- Reduce waste to landfill to 1% by 2025
- 90% of suppliers to adhere to Supplier Code of Conduct by 2025
- 20% increase in female representation in senior roles by 2025
Environmental Challenges
- Critical supply chain management
- Cybersecurity threats
- Climate change and decarbonization trend
- Natural hazards
- EHS adverse events
- Market and price development
- Infectious diseases
- Non-compliance with ESG standards
- Lack of Diversity, Equity, and Inclusion
- Human rights and fair labor practices in the supply chain
- Allegations of compliance violations
- Adverse developments in financial and bank markets
Mitigation Strategies
- Enhanced ESG due diligence process for suppliers
- Implementation of risk management and internal control systems
- Development of alternative sourcing strategies
- Strengthening human rights efforts (developing a human rights policy, enhancing due diligence, conducting a human rights impact assessment)
- Investing in sustainable solutions to manage energy better
Supply Chain Management
Supplier Audits: 29 audits performed in FY 2022; 68% of direct spend covered with ESG audits
Responsible Procurement
- Supplier Code of Conduct
- Green Procurement Requirements
- ESG risk assessments
- ESG due diligence
Climate-Related Risks & Opportunities
Physical Risks
- Natural hazards interrupting business and impacting assets and personnel
Transition Risks
- Market and price development (shift from conventional toward renewable energy)
Opportunities
- Development of energy-efficient products
- Managing renewable energy sources at the grid edge
- Electrification of transportation
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 22301, ISO 27001 (various sites)
Third-party Assurance: DQS
UN Sustainable Development Goals
- SDG 7 (Affordable and Clean Energy)
- SDG 13 (Climate Action)
- SDG 6 (Clean Water and Sanitation)
- SDG 1 (No Poverty)
- SDG 3 (Good Health and Well-being)
- SDG 4 (Quality Education)
- SDG 5 (Gender Equality)
- SDG 8 (Decent Work and Economic Growth)
- SDG 9 (Industry, Innovation and Infrastructure)
- SDG 12 (Responsible Consumption and Production)
- SDG 16 (Peace, Justice and Strong Institutions)
Products and solutions support energy efficiency, renewable energy integration, water conservation, and poverty reduction; internal initiatives contribute to employee well-being, education, gender equality, and responsible business practices.
Sustainable Products & Innovation
- Smart metering solutions
- Smart water metering solutions
- Grid Edge Intelligence services
- Smart Infrastructure solutions
Awards & Recognition
- Selo Clima Paraná award (Curitiba)
- AA-rated by MSCI since 2018
- Company grade of “B+” by MSCI since 2022
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
ESG Focus Areas
- Climate Change
- Resource Efficiency
- Product Social Impact
- Employee Engagement
- Fair Labor Practices
- Occupational Health & Safety
- Community Engagement
- Strategic Responsible Sourcing
- Security and Data Privacy
- Business Integrity and Fair Taxes
- Human Rights
Environmental Achievements
- 48% decrease in Scope 1+2 emissions
- 79% renewable electricity sourcing
- 84% of products shipped met Eco-Portfolio criteria
- Smart metering enabled avoidance of 8.9 million tons of CO2
Social Achievements
- 20% reduction in Lost-Time Incident Frequency Rate
- Employees averaged over 23 hours of learning per year
- Various community engagement initiatives across multiple locations
Climate Goals & Targets
- Reduce absolute Scope 1, 2 & 3 emissions 90% by FY 2050, from FY 2021 base year
- Achieve carbon neutrality in Landis+Gyr’s operations (Scope 1+2) by 2030
- Reduce absolute Scope 1 and 2 GHG emissions 42% by FY 2030 from a FY 2021 base year
- Increase annual sourcing of renewable electricity from 55% in FY 2021 to 100% by FY 2030
- Reduce absolute Scope 3 emissions 42% by FY 2030 from a FY 2021 base year
- Reduce water consumption per employee by 14% by 2025
- Reduce waste to landfill to 1% by 2025
- Achieve 100% renewable electricity by 2025
Environmental Challenges
- Absolute increase in Scope 3 emissions compared to 2021 baseline (though a 9% decrease per 100 USD of turnover)
- 3% increase in total waste generated
- Slight uptick in waste sent to landfill
Mitigation Strategies
- Intensifying internal efforts and collaboration with value chain partners to reduce Scope 3 emissions
- Assessing waste management situation to define corrective measures
Supply Chain Management
Supplier Audits: 48 ESG audits performed in FY 2023
Responsible Procurement
- Supplier Code of Conduct
- Green Procurement Requirements
- Conflict Minerals Reporting Templates (CMRTs)
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events affecting manufacturing and distribution
- Cost and availability of raw materials
Transition Risks
- Increased cost of energy
- Regulatory changes
- Market acceptance of low-carbon products
Opportunities
- Increased demand for energy management products
- Growing demand for EV charging infrastructure
Reporting Standards
Frameworks Used: GRI, TCFD
Certifications: ISO 9001, ISO 45001, ISO 14001, ISO 22301, ISO 27001
Third-party Assurance: DQS CFS GmbH
UN Sustainable Development Goals
- SDG 7 (Affordable and Clean Energy)
- SDG 13 (Climate Action)
- SDG 6 (Clean Water and Sanitation)
- SDG 1 (No Poverty)
Products and solutions contribute to efficient resource management and integration of renewable energy sources; pre-payment solutions empower customers to manage energy consumption
Sustainable Products & Innovation
- Smart metering solutions
- Smart water metering solutions
- Grid Edge Intelligence services
- Smart Infrastructure solutions
Awards & Recognition
- Highest score for sustainability reporting from the University of Zurich
- Paraná Climate Seal (Selo Clima Paraná) award