Vivanco Gruppe AG
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Social Achievements
- Implemented an interest equalization and social plan to adjust capacity to changed sales trends, reducing personnel costs.
Governance Achievements
- Published a declaration of conformity to the German Corporate Governance Code.
Climate Goals & Targets
Medium-term Goals:
- At least doubling sales in trade services within the next two to three years.
Short-term Goals:
- Stabilization of CE product sales, strong increase in sales in trade services, and inclusion of distributions to achieve a market-oriented setup within 18-24 months.
Environmental Challenges
- Market position of stationary retail in the CE sector weakened due to the pandemic and increased price pressure.
- Changes in consumer behavior with sales shifting to online and marketplace channels.
- Increased competition from major brand manufacturers with their own accessories.
- Economic uncertainty due to the war in Ukraine, rising energy prices, inflation, and poor consumer climate.
- Significant market change in the distribution of CE accessories.
- High inflation increasing operating costs.
Mitigation Strategies
- Developed concepts with customers to counter negative market effects.
- Focus on expansion and growth of trade services.
- Cost-cutting measures in operating expenses.
- Interest equalization and social plan to reduce personnel costs.
- Seeking additional effective possibilities for risk minimization on the purchasing and sales side.
- Negotiating EUR as the invoice currency with numerous foreign suppliers.
Supply Chain Management
Responsible Procurement
- Diversification of procurement to counteract risks from supply chain disruptions.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Third-party Assurance: Deloitte GmbH Wirtschaftsprüfungsgesellschaft