VAT Group AG 2023 SR
The report highlights VAT's progress in integrating ESG into its core strategy, including a formal amendment to its Articles of Association to establish sustainable development as a corporate purpose. Key achievements in 2023 include a 45% reduction in Scope 1 and 2 emissions (market-based) and an increase in renewable energy share to 68.2%. The company conducted its first Life Cycle Assessments on specific valves and joined the Responsible Factory Initiative in Malaysia. Socially, VAT improved its employee engagement score for the seventh consecutive year and reduced work-related accidents by 35%.
Company: VAT Group AG
Sector: Industrials
Country: Switzerland
Year: 2023
Type: SR
Pages: 64
VAT Group AG
Sustainability Report
The report highlights VAT's progress in integrating ESG into its core strategy, including a formal amendment to its Articles of Association to establish sustainable development as a corporate purpose. Key achievements in 2023 include a 45% reduction in Scope 1 and 2 emissions (market-based) and an increase in renewable energy share to 68.2%. The company conducted its first Life Cycle Assessments on specific valves and joined the Responsible Factory Initiative in Malaysia. Socially, VAT improved its employee engagement score for the seventh consecutive year and reduced work-related accidents by 35%.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Apr 19, 2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Sustainable Development Goals
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees