Climate Change Data

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Packaging Sustainability

Environmental Achievements

• Clarified and updated internal processes for packaging sustainability; created an online knowledge distribution center to standardize knowledge sharing.

Governance Achievements

• Developed a packaging sustainability strategy including goals and targets addressing the Sustainable Packaging Guidelines (SPGs) and the 2025 National Packaging Targets; integrated the strategy into business processes; regularly communicate packaging sustainability objectives internally and externally.

Climate Goals & Targets

Environmental Challenges

• Exploring more environmentally conscious options for new SKU packaging in 2023.

Mitigation Strategies

• Leveraging packaging guidelines and past learnings to explore more sustainable options for new SKU packaging.

Supply Chain Management

Responsible Procurement

• Incorporate the Sustainable Packaging Guidelines (or equivalent) into procurement processes.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: APCO Sustainable Packaging Guidelines

Environmental Metrics

ESG Focus Areas

• Environmental
• Employee Relations
• Social
• Human Rights
• Anti-Corruption

Environmental Achievements

• Reduced energy consumption at the Essen location by 40.5 MWh per year through LED lighting upgrades.
• Reduced energy consumption of outdoor lighting by approximately 90% (from 140 MWh to 14 MWh per year).
• Achieved CO2 neutrality of electricity consumption since January 2016 by purchasing 2,286 MWh of electricity from renewable sources.
• Achieved CO2 neutrality of natural gas consumption since the beginning of 2020 through ÖkoPLUS projects.
• Increased recycling rate from 54% to 56%.

Social Achievements

• Maintained a sickness rate well below the national average (4.4% vs. 5.6% national average).
• Reduced the number of accidents from three to one (a non-work-related accident).
• No work-related accidents reported for the third consecutive year.
• Successfully implemented the "JobRad" program.
• Conducted the MEDION Summer Fitness Challenge in cooperation with step4help, raising funds for children's sports and integration programs.

Governance Achievements

• Established a Compliance Management System (CMS).
• Implemented a Whistleblower Hotline.
• Over 80% of employees participated in e-learning compliance training.
• Conducted a Compliance Check-Up with all executives directly reporting to the board.

Climate Goals & Targets

Environmental Challenges

• Significant decrease in hardware sales of consumer electronics products since summer 2022 due to negative effects of the Corona pandemic and the Ukraine crisis.
• Increased energy prices and inflation led to reduced consumer spending and excess inventory.
• High inventory levels could only be sold with significant price reductions.
• Project business significantly impacted due to reduced large-volume orders from retail customers.
• High competition in the consumer electronics market.

Mitigation Strategies

• Developed a restructuring program to adapt to changing market conditions.
• Implemented cost-cutting measures in organization, product development, and sourcing.
• Restructuring of organizational structure across all business units.
• Focus on cost reduction potentials.
• Continued development of digital products and channels.

Supply Chain Management

Supplier Audits: 198 audits conducted in the last year

Responsible Procurement

• amfori BSCI Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events, pandemics impacting suppliers

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Cost savings through energy reduction, avoidance of environmental burdens through products.

Sustainable Products & Innovation

• Smart home products

Awards & Recognition

• Germany's Best Training Companies
• Highest Fairness in the Job