VTU GROUP
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:8,442.1 t CO₂e/year
Scope 1 Emissions:825.5 t CO₂e/year
Scope 2 Emissions:584.0 t CO₂e/year
Scope 3 Emissions:7,032.6 t CO₂e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Sustainable technology and energy
- Value chain
- Responsible employer
- Health and safety
Environmental Achievements
- Developed greenSPEED™ energy efficiency package
- Supported BorsodChem in commissioning an energy recovery unit, saving natural gas and reducing emissions.
Social Achievements
- Launched gender equality initiative in Italy to close gender gaps in management and eliminate the gender wage gap.
- Implemented CreatePlace4U initiative in Switzerland, successfully implementing 24 of 55 employee suggestions for a better working environment.
- Received Great Place to Work certification in all seven countries of operation.
- Various employee wellbeing initiatives including employee assistance programs, Calm app licenses, and participation in sports events.
Governance Achievements
- Created a Supplier Code of Conduct (SCoC) based on VTU CSR policy and Code of Conduct, effective 2024.
- Incorporated CSR criteria into supplier evaluation process.
- Joined the United Nations Global Compact (UNGC).
Climate Goals & Targets
Long-term Goals:
- Achieve climate neutrality
Medium-term Goals:
- Increase the proportion of women in management positions to 28% by 2026
Short-term Goals:
- Replace existing coffee capsule machines in all offices by the end of 2024
- Switch to LED lights in the offices by the end of 2025
- Reduce CO₂ emissions per km by 10% by the end of 2024
- Develop a strategy compatible with the goals of the Paris Agreement to reduce CO₂ emissions by the end of 2024
- Submit climate targets to SBTi by mid-2024
- Switch 75% of electricity purchased to green electricity by the end of 2025
- Create a tool for the selection and development of office locations that meet certain sustainability criteria by the end of 2024
- Company-wide introduction of ISO 45001 by 2025
- Introduction of the Supplier Code of Conduct for all new suppliers in 2024 and the 20 largest existing suppliers
- Conduct a comprehensive materiality analysis in accordance with CSRD requirements in the second half of 2024
- Conduct a corruption risk analysis by the end of 2025
- Create an annual training session on general sustainability topics that is mandatory for all employees by the end of 2024
- Set up an annual basic training session on green engineering that is mandatory for all engineers by the end of 2024
- Create a guideline for annual emission calculations and an OP for the collection of KPIs by the end of 2024
- Implement processes to automatically determine KPIs by the end of 2025
Environmental Challenges
- Preparing for changing sustainability reporting requirements.
- Need to take a closer look at (and incorporate) supply chains.
- Managing peak workloads and employee stress.
- Increasing CO2 emissions due to business travel.
Mitigation Strategies
- Incorporated CSR criteria into supplier evaluation process.
- Increased promotion of employee assistance programs and wellbeing initiatives.
- Promoting the use of public transport and low-emission alternatives for business travel and commuting.
- Implementing work from home policy and sabbatical options.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Supplier Code of Conduct (SCoC) effective 2024
- CSR criteria incorporated into supplier evaluation process.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Development of sustainable technologies
Reporting Standards
Frameworks Used: GRI
Certifications: Great Place to Work
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- greenSPEED™ energy efficiency package
Awards & Recognition
- Great Place to Work
- kununu Top Company 2023