Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Replaced fluorescent lamps with LED lighting and installed presence sensors in areas of limited use in Singapore, Batam, and Arad.
• Reduced energy consumption by adding injection barrel insulation to molding machines in Batam.
• Decreased CO2 emissions by switching electricity contractors and reducing business travel in Radeberg.
• Energy consumption dropped by 25% in Boudry after installing a new industrial cooling system.
• Electricity savings of 1,393 MWh and CO2 emission savings of 236 t in 2020 in Boudry due to heat exchanger replacement.
• Effective usage rate of raw materials greater than 98%, molding yield more than 99%.

Social Achievements

• Improved work time flexibility, work tools, work organization and occupational safety in Radeberg.
• Continued offering social benefits for employees, such as profit sharing, workplace health promotion, personal accident insurance and an occupational pension scheme.
• Implemented a validated qualification and training system in Bronschhofen.
• Offered a new apprenticeship in production in Boudry.
• Developed two high-potential employees and two long-term employees in Ulm.

Governance Achievements

• Updated Code of Conduct with new company rules and guidelines that integrate equity, respect and equality.
• Installed whistleblower hotlines and suggestion boxes.
• No known environmental violations or incidents of discrimination in 2021.

Climate Goals & Targets

Environmental Challenges

• Global issues regarding long lead times for raw materials and availability issues for electronic components.
• Difficulties in finding qualified personnel, particularly engineers for PCB manufacturing in Boudry.
• COVID-19 pandemic affecting employment goals.

Mitigation Strategies

• Short-term work to avoid layoffs and flexible working hours to manage family commitments during the pandemic.
• Utilizing economies of scale in material purchases to overcome raw material constraints.
• Evaluating the possibility of bringing in lease workers to boost workforce in Boudry.
• Using various recruitment channels to advertise vacancies.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Contractual requirement for strategic suppliers to adhere to Cicor’s Code of Conduct.
• Monitoring adherence to ISO 14001 and ISO 45001 for suppliers with yearly turnover > EUR 50,000.
• Supplier quality agreement with provisions related to environmental management and health and safety.
• Requesting suppliers to possess and follow their own Code of Conduct.
• Requesting REACH, ROHS and conflict minerals documentations with every order.

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 9001, ISO 14001, ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Environmental Impact
• Employee Well-being and Development
• Responsible Supplier Standards
• Fair Business Practices
• Local Engagement

Environmental Achievements

• Installation of a photovoltaic system at the Arad production site.
• Installation of meters on all in-house control panels at the Bedford site for accurate energy consumption monitoring.
• Relocation of the Singapore production site to a Green Mark Platinum building.
• Introduction of an exhaust gas treatment system for VOCs at the Suzhou site.
• Development and introduction of a carbon-neutral process for recycling copper sludge at the Boudry site in cooperation with the World Resource Company (WRC).

Social Achievements

• Introduction of a new employee integration program at the Boudry site.
• Implementation of annual reviews analyzing personal development potential at the Bedford site.
• Introduction of flexible working hours and remote working options at the Arad site.
• Review of salary gaps and wages at the Singapore site.
• Improved salaries and benefits for employees at the Suzhou site.
• Diversity and inclusion training for all company managers at the Bedford site.
• Implementation of pay grades for workers to ensure equal pay at Dresden and Radeberg sites.

Governance Achievements

• Updated Code of Conduct integrating equity, respect, and equality.
• No known environmental violations in 2022.
• No known cases of suppliers violating the Code of Conduct in 2022.
• No known situations of unfair business practices or confirmed cases of corruption in 2022.

Climate Goals & Targets

Environmental Challenges

• Global issues regarding long lead times for raw materials and availability issues for electronic components.
• Increasing customer requirements for energy efficiency.

Mitigation Strategies

• Continuous improvement programs to reduce scrap rates, increase yield, and decrease wasted materials.
• Consolidating customer deliveries to reduce shipping costs (Bedford).
• Cost savings and higher productivity projects in spare parts manufacturing (Suzhou).
• Implementation of an internal continuous improvement department (Arad).

Supply Chain Management

Responsible Procurement

• Contractual requirement for strategic suppliers to adhere to Cicor’s Code of Conduct.
• Monitoring adherence to ISO 14001 and ISO 45001 for suppliers with yearly turnover > EUR 50,000.
• Supplier quality agreement with provisions related to environmental management and health and safety.
• Requesting suppliers to possess and follow their own Codes of Conduct.
• Requesting REACH, RoHS, and conflict minerals documentation with every order.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001, ISO 14001, ISO 45001

Environmental Metrics

ESG Focus Areas

• Economic Value Creation
• Environmental Management
• Social Responsibility
• Governance

Environmental Achievements

• Reduced Scope 1 and 2 carbon intensity from 38 tCO2e/Mio. CHF revenue to 31 tCO2e/Mio. CHF.
• Installed photovoltaic plants on rooftops of Arad and Thuan An City sites.
• Implemented monthly consolidation of environmental data on a group level.

Social Achievements

• Implemented Cicor Integrity Line for anonymous reporting of misconduct.
• Employee turnover of around 8%, below industry average.
• Workforce growth of 19% compared to 2022.

Governance Achievements

• Introduced a Group Compliance Officer.
• Updated Group’s risks and chances.
• Launched projects to improve Cicor’s supplier management.
• Implemented new KPIs and monthly recording of environmental data.

Climate Goals & Targets

Environmental Challenges

• Shortage of qualified specialists in the labor market.
• Global issues regarding long lead times for raw materials and availability issues for electronic components.
• Complex, global, and multi-tiered supply chain.
• Ethical and social issues in the supply chain.

Mitigation Strategies

• Developed a workforce strategy to counter the shortage of qualified specialists.
• Strengthening relationships with sustainable suppliers.
• Implemented a standardized compliance assessment using IntegrityNext.
• Developed a supplier code-of-conduct.
• Implemented a three-step compliance screening for suppliers.

Supply Chain Management

Supplier Audits: 1325 suppliers (categories A and B) assessed via IntegrityNext by the end of 2023.

Responsible Procurement

• Supplier assessment form
• Supplier self-assessment
• Code of Conduct for suppliers
• Compliance check for new suppliers

Climate-Related Risks & Opportunities

Transition Risks

• Potential carbon emission levies on procured energy

Opportunities

• Purchasing energy from certified renewable sources
• Replacing outdated equipment with high-efficiency production lines

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001, 14001, 27001, 45001