Sustainability Report 2022

Our approach to sustainability

As a global provider of indoor climate solutions, Zehnder Group is operating in a sector that accounts for a significant share of global greenhouse gas emissions. Heating, ventilation, and air conditioning (HVAC) systems account for about an estimated 40% of total energy-related greenhouse gas emissions in building operations. Zehnder Group is already making a significant contribution to sustainable living with its controlled ventilation systems with heat recovery.

By providing innovative solutions, company-wide environmental awareness and a shared commitment, we strive to contribute to achieving the climate neutrality target. We are continuously working on further improving the sustainability of our products and systems, reducing our greenhouse gas emissions, avoiding unnecessary waste, and returning materials back to the circular economy. In doing so, we take the entire value chain into account – from development to purchasing, production, operation and disposal. We also involve our suppliers and customers in these activities.

Our company values, customer focus, respect, trust, curiosity and openness play a central role in the evolution of Zehnder Group. We also incorporate the ten principles of the UN Global Compact (2000) and the 17 United Nations (UN) Sustainable Development Goals (SDGs) of the Agenda 2030 into our sustainability strategy and activities. Zehnder Group has been a signatory of the UN Global Compact since March 2022 and actively participates in various initiatives, including the UN Global Compact Climate Ambition Accelerator and UN Global Compact Gender Equality programmes. In the future, Zehnder Group will be developing science-based emissions reduction targets and linking its Environment, Social and Governance (ESG) targets to its compensation systems.

Our approach to reporting

Following our Sustainability Status Report from September 2022, this is the first official issue of a Sustainability Report from Zehnder Group. We consider regular sustainability reporting to be an important instrument for providing stakeholders with transparent information about our sustainability strategy, its implementation and the achievement of our targets.

This Sustainability Report from Zehnder Group comprises the reporting period from 1 January 2022 to 31 December 2022. It provides information on the main activities and implications of Zehnder Group’s business activities in terms of sustainability and how these actions will be further developed in the future. The contents have been compiled based on the relevant and material topics for this purpose. This Sustainability Report covers all of the business segments and consolidated companies in line with Zehnder’s 2022 Annual Report and has been prepared in reference to the standards of the Global Reporting Initiative (GRI). The report includes a limited assurance by PricewaterhouseCoopers AG for selected Key Performance Indicators (see also page 39 for the limited assurance report for more information).

In addition to an introductory section, this report is divided into several sub-sections. In the Governance section, information is provided on the organisational purpose and the organisational structure of Zehnder Group in relation to environmental and climate-related activities, risks and opportunities. In the Strategy section, relevant stakeholder-related sustainability issues have been prioritised based on a materiality analysis. This has been complemented by a stakeholder analysis, which provides better insight into the information needs of the individual stakeholder groups. The Focus topics section presents the central management approaches, their implementation as well as the outlook pertaining to Environment, Employees and Society. The Indices section contains the GRI content index.

The key financial figures and information on employees in this report were already determined as part of Zehnder’s 2022 Annual Report and are available on Zehnder’s website.

Further information

Contact

Zehnder Group AG
Investor Relations
Moortalstrasse 1
5722 Graenichen (CH)

Phone +41 62 855 1521
investor-relations@zehndergroup.com
www.zehndergroup.com

Additional information on our commitment to sustainability is available on our website.
A comprehensive Sustainability Report for the 2023 financial year is planned for the first quarter of 2024.