Beyond Gravity
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:69,680 t CO2-eq/year (estimated)
Scope 1 Emissions:92.90 t CO2-eq/year
Scope 2 Emissions:1,790.2 t CO2-eq/year (location-based), 1,145.9 t CO2-eq/year (market-based)
Scope 3 Emissions:68,621 t CO2-eq/year
Renewable Energy Share:62.4% (electricity)
Total Energy Consumption:59,651.9 GJ/year
Waste Generated:161.7 tons/year
ESG Focus Areas
- Climate Change & Energy
- Use of Resources & Circularity
- Pollution
- Occupational Health & Safety
- Equal Treatment & Opportunities
- Working Conditions
- Other Work-Related Human Rights
- Business Conduct
- Privacy & Cybersecurity
Environmental Achievements
- Opened new headquarters at the Circle at Zurich Airport (August 2023), investing in energy efficiency and renewable energy.
- Implemented a green power switch at manufacturing sites in Decatur and Titusville (USA), and Coswig (Germany), using Renewable Energy Certificates (RECs).
- Working towards replacing fossil fuel heating sources with renewable alternatives in Vienna and Coswig by 2026.
- Developing innovative payload fairing (PLF) for reusable launchers, aiming to reduce emissions and waste.
Social Achievements
- Introduced new supplier monitoring software to collect information on human rights and other ESG aspects.
- Revised People & Culture policy to promote equality, equity, and inclusion.
- Established the Gravity Community to promote diversity and offer further training.
- Completed 3,423 anti-corruption trainings.
Governance Achievements
- Conducted an expert-based double materiality assessment to determine material topics.
- Implemented an Information Security Management System (ISMS) and achieved ISO 27001 certification (October 2023).
- Included an ESG target in the bonus awards of executives and managers.
Climate Goals & Targets
Long-term Goals:
- Minimize emissions across the value chain.
Medium-term Goals:
- Increase share of female leaders to above 30% by 2026.
Short-term Goals:
- Reduce Scope 1 and 2 greenhouse gas emissions to reach net zero by 2026.
Environmental Challenges
- Supply chain sustainability: Working with suppliers to implement eco-friendly practices and ensure transparency.
- Regulatory compliance: Monitoring and adapting to evolving environmental regulations.
- Innovation and technology adoption: Investing in sustainable technologies while maintaining cost-effectiveness.
- Balancing profitability and sustainability.
- Data collection limitations across various sites and systems.
- Lack of alternatives for hazardous materials in the aerospace industry.
Mitigation Strategies
- Developing a net zero roadmap to achieve net zero emissions in own operations (Scope 1 and 2) by 2026.
- Implementing energy efficiency measures across all sites.
- Partnering with suppliers to reduce carbon emissions.
- Using Integrity Next software for monitoring and assessing ESG performance data from suppliers.
- Implementing a green power switch and using RECs.
- Developing innovative payload fairing for reusable launchers.
- Improving data collection methodologies and systems.
Supply Chain Management
Supplier Audits: 1,067 suppliers screened in 2023
Responsible Procurement
- Code of Conduct for Business Partners
- Supplier sustainability requirements
- Integrity Next software for ESG monitoring
Climate-Related Risks & Opportunities
Transition Risks
- Electricity shortages
- Changes in raw materials prices or limitations of supplies of raw materials
Opportunities
- Development of energy-efficient products
- Increased use of renewable energy sources
- Electrification of production processes
Reporting Standards
Frameworks Used: GRI Standards
Certifications: ISO 27001 (ISMS)
Sustainable Products & Innovation
- Reusable payload fairings