LEONHARD KURZ Stiftung & Co. KG
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Renewable Energy Share:100% (German sites)
ESG Focus Areas
- Environmental Protection
- Employee Rights and Human Rights
- Health and Safety
- Ethics and Compliance
Environmental Achievements
- Reduced carrier thicknesses from 12 to 10 or 6 µm, significantly reducing the product carbon footprint.
- Developed RECOSYS® recycling process for PET carrier materials, achieving up to 40% CO2 savings and up to 90% reduction in Scope 3 emissions.
- Achieved 100% green electricity in all German production sites.
Social Achievements
- Implemented a telephone hotline for psychological counseling for employees.
- Offered various preventive medical check-ups in cooperation with health insurance companies.
- Provided various health initiatives such as yoga classes and company runs.
Governance Achievements
- Established the KURZ Code of Business Conduct, KURZ Anti-Bribery Policy, and Guideline on Gifts and Invitations.
- Achieved ISO 37001:2018 certification for anti-bribery management system in the banknotes business area.
- Implemented a whistleblower system for reporting ethical and compliance concerns.
Climate Goals & Targets
Long-term Goals:
- Climate neutrality by 2040 in Scope 1 and 2
Medium-term Goals:
- Conversion to LED lighting (ongoing)
- Expansion of self-learning heating thermostats (ongoing)
- Completion of solar carport project (by 2024)
Short-term Goals:
- Improved insulation of supply and exhaust air ducts and dryers (completed 2023)
- Reduction of IPA used in production (completed 2023)
- Replacement of oldest-generation chillers (ongoing)
Environmental Challenges
- Increasing demand for raw materials and steep price increases in commodity markets.
- High energy costs posing a threat to competitiveness.
- Determining and managing Scope 3 emissions.
Mitigation Strategies
- Intensive work on determining Scope 1 to 3 emissions for climate targets.
- Continuous efforts to produce more energy efficiently and with lower emissions.
- Expanding the proportion of own energy generation systems.
Supply Chain Management
Responsible Procurement
- Standardized supplier evaluation system
- KURZ Supplier Code of Conduct
Climate-Related Risks & Opportunities
Transition Risks
- Increasing energy prices
Opportunities
- Development of energy-efficient products and processes
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 14001, ISO 50001, ISO 45001, ISO/IEC 27001 (Information Security)
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 12 (Responsible Consumption and Production)
- Goal 13 (Climate Action)
Sustainable Products & Innovation
- RECOSYS® recycled PET compound (RECOPOUND®)