Climate Change Data

WIKA Alexander Wiegand SE & Co. KG

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:293,955 t CO2e
Scope 1 Emissions:31,792 t CO2e (market-based) or 33,108 t CO2e (location-based)
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:256,089 t CO2e
Renewable Energy Share:Not disclosed
Total Energy Consumption:420,741 GJ
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environment
  • Society
  • Governance

Environmental Achievements

  • Planted more than 1,600 trees in India using the Miyawaki method.
  • Reduced water consumption by around 85 percent at the tecsis site in Germany through a new cooling system for laser systems.
  • Increased use of recycled brass and recycled steel in products.
  • Developed plastic-free reusable packaging made from renewable raw materials.

Social Achievements

  • Built a new school building in India for an additional 200 pupils.
  • Planted fruit and vegetable gardens at schools in South Africa.
  • Supported the social enterprise “Safe Water Gardens” in Indonesia.
  • Average of 12.1 hours of training per employee in 2023.

Governance Achievements

  • Established a whistleblower system for reporting critical incidents.
  • Published a policy statement on Supply Chain Due Diligence Act (LkSG).
  • Conducted compliance training courses reaching almost 90 percent of employees worldwide.

Climate Goals & Targets

Long-term Goals:
  • To be CO2-neutral by 2039.
Medium-term Goals:
  • By 2030, over 90 percent of purchasing volume for production will be covered by the Code of Conduct.
Short-term Goals:
  • Increase the proportion of sustainable materials in new products by five percent in 2024.

Environmental Challenges

  • Scope 3 emissions constitute the majority of greenhouse gas emissions (87%).
  • Potential interruption of the energy supply.
  • Inadequate preparation for disasters.
  • Risks arising from non-compliance with higher ESG standards.
Mitigation Strategies
  • Implementing specific action plans to substantially reduce greenhouse gas emissions.
  • Increasing reliance on renewable energies.
  • Developing energy-saving measures.
  • Developing process solutions that are particularly efficient and resource-saving.

Supply Chain Management

Supplier Audits: 2,070 suppliers audited for environmental impact and 2,074 in the social area in 2023.

Responsible Procurement
  • WIKA Code of Conduct; ZVEI Code of Conduct or comparable code of conduct mandatory for suppliers; AI-based risk monitoring tool.

Climate-Related Risks & Opportunities

Physical Risks
  • Energy supply disruptions
  • Extreme weather conditions
  • Damage to property
  • Environmental pollution
Transition Risks
  • Risks arising from non-compliance with higher ESG standards
Opportunities
  • Decarbonisation; development of process solutions that are particularly efficient and resource-saving.

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001, ISO 14001, ISO 45001 (at some locations)

Third-party Assurance: Initial external preliminary audit by auditors

UN Sustainable Development Goals

  • Not disclosed

Each product should have a positive impact on at least three Sustainable Development Goals.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed