Carlo Gavazzi Holding AG
Climate Impact & Sustainability Data (2023/24)
Reporting Period: 2023/24
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Climate Goals & Targets
Medium-term Goals:
- Return to positive sales growth rates
Environmental Challenges
- General slowdown in industrial and building automation markets due to customers' excess inventory.
- Lower performance in the USA due to high inventory levels impacting distribution and industrial automation.
- Manufacturing contraction in the Chinese market due to pandemic policies, trade barriers, and slower economy.
- 25.9% slowdown of the EV charging market due to over-capacity and inventory build-up.
Mitigation Strategies
- Continued cost control.
- Currency impacts.
- Investments in business development and ERP system rollout.
- New manufacturing site in China (to be completed before year-end).
- Approved establishment of a production site in the Americas.
- Focus on developing new and differentiated automated products.
- Improved channel and go-to-market strategies.
- Continuous improvement of the new global ERP system.
- Reallocation of production capabilities through regionalization.
- Enhancement of customer service indicators worldwide.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- New AC energy meters
- Innovative DC energy transducer DCT1
- PD30 IO LINK sensors
- Soft starter RSBT 45mm