Zf Friedrichshafen AG 2020 Annual Report with Sustainability Disclosures
Company: Zf Friedrichshafen AG
Sector: Manufacturing
Country: Germany
Year: 2020
Type: Annual Report with Sustainability Disclosures
Pages: 176
The report describes ZF's 2020 response to the COVID-19 crisis while completing the WABCO acquisition, which expanded its commercial-vehicle systems position. It reports 153,522 year-end employees and continued high R&D expenditure of €2,516 million. Sustainability highlights include an anchored climate-neutrality goal for 2040, an 80% reduction target for Scope 1 and 2 emissions by 2030 versus 2018, and a Board-level steering committee for the climate-neutrality program.
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