Climate Change Data

Hoyer Motors

Climate Impact & Sustainability Data (2020, 2023)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Well-being and work environment
  • Human rights & Labour
  • Environment
  • Anti-Corruption

Environmental Achievements

  • 42% reduction in emissions related to transport of products to third party services in China
  • Introduction of a complete range of Hoyer IE4 motors (energy efficient)

Social Achievements

  • Employee Net Promotor Score (ENPS) reached 26 in December 2020, an improvement of 44 since January 2019.
  • Increased percentage of women in management from 28% to 34%
  • 100% of new hired employees in 2020 introduced to CSR at Hoyer

Governance Achievements

  • Hoyer Anti-Corruption and bribery policy finalized and published internally in February 2020.
  • New governance structure implemented in 2020 to minimize risk of corruption and bribery.

Climate Goals & Targets

Long-term Goals:
  • Gender representation on the Board of Directors and other management levels by the end of 2022.
Medium-term Goals:
  • ISO 14001:2015 certification extended to cover Hoyer facilities in China (2022)
  • Implementation and certification towards ISO 45001:2018 (2023)
Short-term Goals:
  • Employee Net Promotor Score (ENPS) of min. 25.

Environmental Challenges

  • Significant impact of Covid-19 on Hoyer Group 2020 activities, including CSR.
  • Travel limitations due to COVID-19 pandemic impacting supplier audits.
Mitigation Strategies
  • Close collaboration between Management and HR to handle the initial outbreak and lockdown in China and Asia.
  • Continuous communication between managers and HR and to the employees regarding Covid-19.
  • Reviewed schedule of supplier audits, reducing the number performed but still managing to audit 4 suppliers.

Supply Chain Management

Supplier Audits: 4 audits in 2020

Responsible Procurement
  • CSR and compliance with UN Global Compact included in framework agreement for main suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: ISO 14001:2015 (Denmark), ISO 45001:2018 (planned for 2023)

UN Sustainable Development Goals

  • Goal 7
  • Goal 9

Hoyer Group sees the highest potential of making a difference in Affordable and clean energy and Industry, innovation and infrastructure.

Sustainable Products & Innovation

  • Hoyer IE4 motors

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:578.41 tCO2e
Scope 1 Emissions:177.49 tCO2e
Scope 2 Emissions:400.92 tCO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:1884.41 MWh
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Energy Efficiency
  • Working Conditions
  • Supply Chain Sustainability
  • Cybersecurity
  • Diversity & Inclusion

Environmental Achievements

  • Improved data quality and reporting within Scope 1, 2, and 3 emissions.
  • Initiated a project to install 41 EV charging stations at Hoyer Denmark.
  • Changed all outdoor lighting at Hoyer Denmark to LED lighting, estimating annual electricity savings of approximately 37,000 kWh.

Social Achievements

  • Significant increase in employee satisfaction in the autumn of 2023.
  • Implemented cross-cultural exchanges between Denmark and China to enhance learning and efficiency.
  • Main suppliers reported safety data, showing 6 accidents and 108 days of absence due to work-related accidents.

Governance Achievements

  • Launched an updated ESG policy.
  • Implemented a cybersecurity awareness tool to train all employees globally.
  • Launched a whistleblower scheme in January 2023.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2030 in Europe and move away from fossil fuel usage in Asia by 2030.
Medium-term Goals:
  • Achieve ENPS score at industry benchmark.
  • Maintain a safe work environment at Hoyer locations and in the supply chain.
  • Achieve a 60/40 balance of men/women on the board by 2025.
Short-term Goals:
  • Establish a Scope 3 baseline by 2024.
  • Reduce Scope 1 and 2 emissions by becoming net-zero in Europe and committing to 100% renewable energy in Asia by 2030.
  • Improve internal waste separation.

Environmental Challenges

  • Increased electricity consumption in Chinese facilities due to heating needs and increased activity in the new test center.
  • Minor increase in natural gas consumption.
  • Challenges related to employee sickness absence, partly due to the implementation of a new ERP system and long-term consequences of Covid-19.
Mitigation Strategies
  • Investigating alternative solutions for natural gas consumption.
  • Implementing automatic light switches in Chinese facilities.
  • Implementing cross-cultural exchanges and addressing issues through working groups to improve communication and collaboration.
  • Focusing on improving the physical work environment in new facilities in Ningbo.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Hoyer Long Term Partnership Agreement requiring data delivery on sustainability matters.
  • All main suppliers are required to sign and acknowledge Hoyer’s ESG Policy and Code of Conduct.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (mentioned in relation to climate change impacts)
Transition Risks
  • Regulatory changes, market shifts (implied)
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GHG Protocol, CSRD (in progress)

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and clean energy)
  • Goal 8 (Decent work and economic growth)
  • Goal 9 (Industry, innovation and infrastructure)

Hoyer's focus on energy-efficient motors, working conditions, and sustainable industrialization.

Sustainable Products & Innovation

  • High-efficiency electric motors (IE3 and IE4)

Awards & Recognition

  • Not disclosed