Climate Change Data

BELIMO Holding AG

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:766 tCO2e (Scope 1 & 2)
Scope 1 Emissions:265 tCO2e
Scope 2 Emissions:501 tCO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:54% (Danbury & Hinwil)
Total Energy Consumption:9261 MWh (Danbury & Hinwil)
Water Consumption:10120 m3 (Danbury & Hinwil)
Waste Generated:912 tons (Danbury & Hinwil)
Carbon Intensity:0.89 kgCO2e per CHF 1,000 of net sales

ESG Focus Areas

  • Climate Change
  • Social
  • Governance
  • Human Rights
  • Anti-corruption

Environmental Achievements

  • Implemented additional energy efficiency measures in Hinwil and Danbury facilities, reducing consumption by 5.8% compared to 2022. Overall reduction of 50.4% compared to 2019.
  • Initiated a comprehensive program to identify and calculate scope 3 emissions.
  • Sold 7.3 million field devices, contributing to the avoidance of 7.7 million tCO2e emissions.

Social Achievements

  • Implemented the "Making Our Values Visible" campaign to strengthen Belimo’s culture.
  • Employee engagement score of 8.9 out of 10 with a 90% participation rate.
  • Employee turnover rate of 8.0% in 2023 (down from 8.4% in 2022).
  • Increased female representation on the Board to 29%.

Governance Achievements

  • Revised Swiss Code of Obligations implemented.
  • Proposal to amend the Articles of Incorporation submitted to the Annual General Meeting 2024.
  • Revised Board’s compensation guidelines to better align them with shareholder interests. From 2024, Board members will receive 40% of their annual board fee in Belimo shares.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Double the total avoided GHG emissions from sold field devices by 2030 (compared to 2021 levels).
Short-term Goals:
  • Reduce GHG emissions (scope 1 and 2) in Hinwil and Danbury by 80% compared to 2019 by 2025.

Environmental Challenges

  • Demanding economic environment leading to a slowdown of business momentum in the construction industry.
  • War in Ukraine impacting EMEA sales.
  • Challenging circumstances in China.
  • Uncertainty concerning German energy regulations and subsidies.
  • Unfavorable foreign exchange developments.
Mitigation Strategies
  • Maintained strategic stability.
  • Increased research and development expenses to CHF 76.0 million (8.9% of net sales).
  • Welcomed almost 100 additional new talents.
  • Implemented price increases.
  • Developed alternative sourcing strategies (implied).

Supply Chain Management

Supplier Audits: Approximately 10% of the supplier base audited each year

Responsible Procurement
  • Supplier sustainability requirements (ISO 9001, ISO 14001, ISO 45001 certifications)
  • Belimo Supplier Principles
  • Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme heat (implied)
Transition Risks
  • Regulatory changes (implied)
  • Market shifts (implied)
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001, ISO 9001, ISO 45001

Third-party Assurance: Ernst & Young AG (EY)

UN Sustainable Development Goals

  • SDG 3
  • SDG 7
  • SDG 8
  • SDG 9
  • SDG 11
  • SDG 12
  • SDG 13

Belimo contributes to these SDGs through its energy-efficient HVAC field devices, commitment to responsible business practices, and focus on employee well-being and diversity.

Sustainable Products & Innovation

  • Belimo Energy Valve™
  • Thermal Energy Meter
  • Room sensors and room operating units

Awards & Recognition

  • ASHRAE Technology Award for Industrial Facilities (CESIM House in Mumbai)