Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethics & Value Creation
• Product Responsibility & Climate Impact
• Responsible Suppliers
• Equality & Diversity
• Resource Efficiency

Environmental Achievements

• All Concentric’s facilities are certified according to ISO 14001 and OHSAS 18001.
• Improved overall rating in the annual customer survey to 3.63 out of 5 (from 3.43).
• 24.8% recycled material used in grey iron and aluminum components (from n/a).

Social Achievements

• Increased share of female wage earners to 12.0% (from 11.8%).
• Implemented local management training for newly appointed lead supervisors in Engineering, Quality and Production in Suzhou and Chivilcoy.
• Introduced Employee Wellness programs.

Governance Achievements

• No ethical breaches based on Concentric’s Values.
• Established a long-term incentive program (LTI) for senior executives and key employees.

Climate Goals & Targets

Environmental Challenges

• Tough market conditions in Europe, North and South America.
• Weak demand, particularly for Class 8 heavy-duty trucks and hydraulic products in North America.
• Weak demand in off-highway end-markets in Europe due to weak commodity prices.

Mitigation Strategies

• Restructuring plans resulting in a 7% reduction of the group’s total workforce and rationalization of warehousing facilities.
• Continued participation in the Concentric Business Excellence programme (“CBE”) to flex costs in a market downturn.

Supply Chain Management

Supplier Audits: Regular supplier days and workshops, factory inspections and on-site supplier audits

Responsible Procurement

• Code of Conduct for suppliers
• Supplier selection and assessment procedures

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4 Core

Certifications: ISO 14001, OHSAS 18001, ISO/TS 16949

UN Sustainable Development Goals

• Goal 8: Decent Work and Economic Growth
• Goal 9: Industry, Innovation and Infrastructure
• Goal 12: Responsible Consumption and Production
• Goal 13: Climate Action
• Goal 5: Gender Equality

Concentric's initiatives contribute to these goals through ethical business practices, sustainable product development, responsible supply chains, diversity and inclusion efforts, and resource efficiency.

Sustainable Products & Innovation

• Alfdex oil mist separator
• Variable flow oil pump
• 2-speed water pumps
• Calma pump
• Electro Hydraulic Steering (EHS)
• Ferra series pumps

Environmental Metrics

ESG Focus Areas

• Ethics & value creation
• Product responsibility & climate impact
• Responsible suppliers
• Equality & diversity
• Resource efficiency

Environmental Achievements

• Most Concentric’s sites are certified to ISO14001 (environmental management) and some sites to ISO45001 (healthy and safety management).
• The efficiency of all products is verified during the customer validation process

Social Achievements

• Concentric evaluates and approves all material suppliers from a sustainability perspective, including environmental and human rights criteria (100% in 2021 and 2020)
• Employee Wellness programmes that have gained national recognition in the USA and other countries.

Governance Achievements

• Concentric’s Code of Conduct stipulates compliance with laws and regulations, responsible business practices, and contribution to economic, environmental, and social conditions.
• Integrated governance processes meeting ISO standards for quality and environmental management.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: 100% in 2021 and 2020

Responsible Procurement

• Concentric evaluates and approves all material suppliers from a sustainability perspective, including environmental and human rights criteria

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 14001, ISO 45001, ISO/TS 16949

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• No.8: Promote sustainable economic growth
• No.9: Promote inclusive and sustainable industrialisation and foster innovation
• No.13: Combat climate change and its impacts by regulating emissions and promoting developments to improve emissions
• No.5: Achieve gender equality

Not disclosed

Sustainable Products & Innovation

• Class leading pumps to enable OEMs to increase energy efficiency and reduce the environmental impact of their vehicles/equipment

Awards & Recognition

• Not disclosed