Climate Change Data

HOERBIGER Holding AG

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:50 kt CO2eq (Scope 1+2, market based)
Scope 3 Emissions:463 kt CO2eq (market-based)
Renewable Energy Share:34% of purchased electricity
Total Energy Consumption:144 GWh

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Maintained absolute level of overall energy consumption despite a 12% increase in production and service output (144 GWh in 2023 from 146 GWh in 2021 and 140 GWh in 2022).
  • Reduced energy consumption per million of sales by about 12% over two years (from 125 MWh to 110 MWh per million of revenue).
  • Substantial improvement in wind energy within renewable energy sources to 54%.
  • Reduced Scope 1 and 2 emissions per Million Euro of sales from 37.6t to 35.7t, a 5% reduction.
  • Installation of a 1MW solar power plant at the Vienna location, contributing around 15% of carbon-neutral energy to local annual consumption.
  • Installation of a 0.8 MW solar power plant at the new Changzhou, China production plant (start of energy production: Q1/2024).

Social Achievements

  • Employee engagement survey showed a Sustainable Engagement score of 83% and a Performance Environment score of 78%, exceeding external benchmarks.
  • High employee engagement reflected in above-industry-standard employee tenure (45% of employees have been with the company for more than 10 years).
  • Implementation of four focus topics to improve employee engagement: communication, workload management, feedback, and development opportunities.
  • Spent approximately €250,000 on CSR activities, including support for “Jugend forscht” in Germany and a new school building project near Pune, India.

Governance Achievements

  • Issued a Supplier Code of Conduct in 2023, setting standards for human rights and sustainability.
  • Operates an integrity line (compliance reporting system) receiving 17 reports in 2023, with 10 cases closed satisfactorily.
  • ESG parameters are part of senior management deliberations, with the Executive Board directly involved in setting ambition and roadmap.

Climate Goals & Targets

Long-term Goals:
  • Make operations carbon neutral by 2039.
Medium-term Goals:
  • Reduce Scope 1 and 2 emissions by 50% by 2030.
Short-term Goals:
  • Reduce Scope 1 and 2 Carbon Footprint by 5-15% year over year (2022 as baseline).

Environmental Challenges

  • Reducing Scope 3 carbon footprint.
  • Further improving diversity across all functions and regions.
  • Reinforcing safety as a mindset and behavior.
  • Increasing spending on CSR activities.
Mitigation Strategies
  • In 2024, HOERBIGER will start working on measures to reduce Scope 3 CCF and create a target for future savings.
  • Leveraging the spirit of diversity across all functions and regions.
  • Reinforcing safety through Visual Safety Leadership moments and trainings.
  • Implementing a comprehensive CSR framework with a dedicated portion of PAT for CSR efforts.

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (v. 2016), UN Global Compact

Sustainable Products & Innovation

  • eHydroCOM
  • Profiled Plate Valve (XP)
  • Emissions Control Panel (ECP)
  • Packing Case Repair (HPR)
  • EmissionShield
  • Green Hydrogen Electrolyser Components
  • Battery Components
  • eCoupling
  • Slip Ring Rotary Union Combo units
  • H2PFI GVC10
  • eSuppressor