Climate Change Data

Giesecke+Devrient GmbH

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:747,740 tCO2e/year
Scope 1 Emissions:30,058 tCO2e/year
Scope 2 Emissions:3,357 tCO2e/year
Scope 3 Emissions:714,325 tCO2e/year
Renewable Energy Share:98%
Total Energy Consumption:364,881,925 kWh/year
Water Consumption:648,382 m3/year
Waste Generated:17,356 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced scope 1 and 2 emissions by 62 percent in 2023.
  • Switched to 98 percent green electricity across the Group, reducing global emissions by more than 50,000 tons per year.
  • Green banknote launched in 2022, with emissions 29 percent lower than conventional banknotes.
  • Green LongLife banknote launched, with emissions 30 percent lower than LongLife banknotes.

Social Achievements

  • Launched Performing.Together, a new feedback dialog to improve communication and employee development.
  • Continued Group-wide talent program, with 44 percent female participation.
  • Offered Mobile Office Abroad program in 18 countries.
  • Successfully completed berufundfamilie audit for the 20th year.

Governance Achievements

  • New Code of Conduct implemented, incorporating UN Global Compact principles and UN’s Universal Declaration of Human Rights.
  • Established a human rights management system to comply with the Act on Corporate Due Diligence Obligations in Supply Chains.
  • Revised G+D’s Supplier Code of Conduct.
  • Successfully audited all G+D subsidiaries for compliance with Binding Corporate Rules.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2040
  • 75% of revenue from green products by 2040
  • Zero waste to landfill by 2030
Medium-term Goals:
  • Reduce absolute scope 1 and 2 emissions by 42 percent and absolute scope 3 emissions by 25 percent by 2030 (baseline 2022)
  • 20% female executives by 2030
  • 95% of investments support ESG goals by 2030
Short-term Goals:
  • Reduce water use by 10% by 2030
  • 80% of G+D employees with at least 3 training activities per year until 2025
  • Zero incidents – 100% of staff working at operational sites covered by a certified or certifiable Health & Safety Management System (target year: 2030)

Environmental Challenges

  • Increased scope 3 emissions due to business growth.
  • Continued fragility of global supply chains.
  • Meeting the requirements of the Act on Corporate Due Diligence Obligations in Supply Chains.
Mitigation Strategies
  • Developed an action plan for energy saving, renewable energy, and mobility.
  • Developed a classification model for sustainable investments.
  • Published a policy statement on the G+D Group’s human rights strategy.
  • Implemented a human rights management system.

Supply Chain Management

Supplier Audits: Regular sustainability audits among A and B suppliers, focusing on Asia.

Responsible Procurement
  • Group-wide directive on purchasing with ecological and social criteria
  • Supplier Management Portal
  • Revised G+D Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI, UN Global Compact

Certifications: ISO 14001, ISO 50001, IDW PS 980

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 9
  • Goal 12
  • Goal 13
  • Goal 3
  • Goal 4
  • Goal 5
  • Goal 10
  • Goal 8
  • Goal 16

G+D's initiatives contribute to these goals through various environmental, social, and governance activities.

Sustainable Products & Innovation

  • Green banknote
  • Green LongLife banknote
  • Convego® Beyond payment cards
  • eSIMs
  • NotaTracc® banknote tray system

Awards & Recognition

  • IACA Excellence in Currency Award (green banknote)