Climate Change Data

Environmental Metrics

Governance Achievements

• Change of the financial reporting standard from IFRS to Swiss GAAP FER

Climate Goals & Targets

Environmental Challenges

• Challenging market environment due to trade conflicts between China and the USA, uncertainties around Brexit, and a slowdown in the global economy.
• Weak global economy impacting sales, particularly in European and Asian markets.

Mitigation Strategies

• Optimization measures and consolidation steps implemented in previous years.
• Focus on regional market development in India and the USA.
• Increased investments in recruiting qualified personnel to drive new business activities in automotive and aerospace sectors.
• Change of financial reporting system from IFRS to Swiss GAAP FER for efficiency.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Swiss GAAP FER

Certifications: EN 9100 (for Augsburg site)

Third-party Assurance: Deloitte AG

Sustainable Products & Innovation

• Improved generation of CDM® product line
• New high-temperature insulation system (Samicabond® Plus)
• Polybutadiene casting resin for electronic control units
• Extended CDM® product line for the electronics industry
• Innovations for aircraft cabin interiors (epoxy-based FST prepregs and core filler materials)

Environmental Metrics

ESG Focus Areas

• Sustainability
• Environmental Performance
• Employee Wellbeing
• Compliance

Environmental Achievements

• A large share of our liquid insulation materials are already free of solvents and CMR hazards.
• Focus on emissions in Scopes 1 and 2 (direct and indirect emissions).

Social Achievements

• Intensified internal activities for personnel recruiting and to improve employer branding, rewarded by awards such as “TOP Arbeitgeber Mittelstand 2023”
• High average service length of approximately 13 years.
• Top spots on relevant online portals in terms of employee satisfaction.

Governance Achievements

• Complies with the current Directive on Information relating to Corporate Governance of SIX Swiss Exchange Regulation AG.
• All employees receive and sign a copy of the Code of Conduct at the start of their employment and complete an online training course.
• The Board of Directors has the following committees: Audit Committee and People & Remuneration Committee.

Climate Goals & Targets

Environmental Challenges

• Continued supply chain challenges and ongoing constraints at our Swiss production site due to the fire in 2021 prevented the realization of higher sales.
• Repeated lockdowns in China, sharply rising producer prices fueled inflation worldwide.
• Armed conflict in Ukraine led to disruptions in supply chains and a massive spike in energy prices, particularly in Europe.

Mitigation Strategies

• Systematically adjusting prices to pass on most of the cost increases to the market.
• Restructuring to optimize the internal supply chains.
• Personnel measures in response to lower sales level.

Supply Chain Management

Responsible Procurement

• Careful selection of suppliers as well as our raw material sources

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Swiss GAAP FER

Certifications: ISO 14001

Third-party Assurance: Deloitte AG

Sustainable Products & Innovation

• Newly developed specialty resins for use in electric vehicles and in power electronics for charging stations

Awards & Recognition

• TOP Arbeitgeber Mittelstand 2023