Vorwerk SE & Co. KG
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Sustainability
- Climate Protection
- Human Rights
- Labor Standards
- Anti-Corruption
Environmental Achievements
- Installation of photovoltaic systems where structurally possible.
- Investment in electromobility for the company car fleet.
- Product development focusing on longevity and reparability.
- Goal to increase the share of CO2 emission reduction to two-thirds by 2025.
Social Achievements
- Support for various social projects at the international and local level (e.g., SOS Children's Villages, RTL Foundation).
- Focus on attracting and developing talented people, strong succession planning, building leadership skills, and developing management personnel.
- Creation of the "VOR you" training platform for employee learning.
Governance Achievements
- Half of the Supervisory Board comprised of members from the Mittelsten Scheid family, the other half of external experts.
- Detailed annual planning, regular reporting, and deviation analyses for company management.
- Participation in the UN Global Compact (UNGC).
Climate Goals & Targets
Short-term Goals:
- Increase the share of CO2 emission reduction to two-thirds by 2025.
Environmental Challenges
- Ongoing effects of the corona pandemic.
- Russia's war in Ukraine.
- Rising energy costs.
- Disruptions in the supply chain.
- Disappointing results from Neato Robotics.
- Significant cost increases for upstream products.
- Lower than expected development of the average business volume at akf bank.
- Difficult environment in the deposit-taking business at akf group due to rising interest rates.
- Component shortages for Thermomix and Kobold products leading to backlogs and delivery delays.
Mitigation Strategies
- Cost-cutting program at Vorwerk Engineering.
- Restructuring at Neato Robotics.
- Continuous crisis management in material procurement and energy security.
- Risk mitigation measures to maintain or increase sales in response to changing consumer behavior.
- Implementation of protective and defensive measures for early detection and containment of cybersecurity incidents.
- ISAVE project to increase employee safety awareness.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN Global Compact (UNGC)
Sustainable Products & Innovation
- Kobold VK7 cordless vacuum cleaner with recycled materials
- Thermomix TM6 with Cookidoo recipe platform