At HUBER+SUHNER, our commitment to sustainability is integral to our business strategy. This includes taking sustainability aspects into account when developing innovative solutions and delivering our climate and resource use targets. Beyond our environmental responsibilities, we are equally dedicated to fostering a diverse, inclusive, international, agile, and safe work environment for our employees.
In 2023, we continue to deliver on our sustainability targets and specifically on our focus topics. We achieved a 47 % reduction in the intensity of our operational emissions in comparison to our 2015 baseline and continue to be aligned with our science based target. Additionally, our ongoing efforts have resulted in a further 10 % year-on-year reduction in the intensity of our core environmental footprint.
This Non-financial Report outlines the progress the HUBER+SUHNER Group made by further implementing its sustainability strategy in 2023. It covers the obligations stipulated under Article 964b of the Swiss Code of Obligations and the Ordinance on Due Diligence and Transparency in relation to Minerals and Metals from Conflict-Affected Areas and Child Labour (DDTrO).
In various chapters, the report details the company’s material environmental matters, encompassing its CO2 reduction targets, social considerations such as employee welfare and human rights, and governance matters, notably the efforts to combat corruption. For each of these issues, it describes relevant policies, measures and performance indicators. The chapter ‘responsible supply chains’ specifically covers the due diligence obligations defined under the DDTrO.
Ernst & Young Ltd performed a limited assurance engagement on selected KPIs in accordance with specific GRI standards for this report.