Viscom AG
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:1281 tCO2e/year
Scope 1 Emissions:972 tCO2e/year
Scope 2 Emissions:309 tCO2e/year
Renewable Energy Share:11.3% of total energy use
Total Energy Consumption:953,478 kWh/year
Water Consumption:1860 m3/year
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Reduced natural gas consumption by 4.3% through various savings measures.
- Expansion of photovoltaic system at Hanover location to more than double its current capacity (planned for mid-2024 onwards).
Social Achievements
- Average absence rate due to illness well below the German mechanical engineering industry average (3.9% vs 7.2%).
- Average length of service for Viscom employees is 11 years.
- Investment of €232,000 in employee training (previous year: €168,000).
Governance Achievements
- TISAX certification achieved in 2023.
- Established a whistleblower system.
- Developed a Corporate Compliance Policy.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Achieve a 25% share of women in two management levels below the Executive Board by 30 June 2025.
- Achieve one woman (33%) on the three-person Executive Board by 4 May 2028.
Short-term Goals:
- Implement an environmental management system based on ISO 14001 by 2025.
Environmental Challenges
- Shortage of various components and supply chain disruptions leading to delays in revenue recognition and increased inventories.
- Elevated prices for energy and raw materials in Germany.
- Increased staff costs and cost of capital.
- Considerable uncertainty experienced by some major customers and negative forecasts for economic growth in 2024.
- Market shift in Asia away from China towards more diversified supply chains.
- Increased competitive pressure in China.
Mitigation Strategies
- Modified procurement strategy and higher inventories to counter supply bottlenecks.
- Acquisition of a key supplier of steel frames and lead compartments in 2022.
- Expansion of supplier base.
- Diversification into growth areas such as battery production, consumer electronics, and the back end of semiconductor production.
- Ramping up organization and personnel in Asia with a business development team.
- Cautious liquidity management.
Supply Chain Management
Responsible Procurement
- Regional procurement policy in Germany.
- Supplier requirements to operate in a resource-efficient manner (included in general purchasing terms).
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, EU Taxonomy Regulation
Certifications: DIN EN ISO 9001, TISAX
Third-party Assurance: PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft
Sustainable Products & Innovation
- Inspection systems designed for minimum space requirements to reduce packaging and weight during transportation.