In March 2020, the Management Board of Festo SE & Co. KG adopted the sustainability strategy, which has since been regularly updated. In 2023, the sustainability strategy and the corporate strategy will be even more closely integrated. An important decision in 2022 was to bring together the topics of energy efficiency and climate protection across the entire supply chain into a field of action that is now managed holistically. This has led to a consolidation of the sustainability strategy from six to five action areas. CO2 reduction and energy efficiency Chapter 3 This large, restructured area of activity is the focus of our sustainability efforts. On the basis of the corporate carbon footprint (CCF) calculated for the first time in 2021 in accordance with the GHG Protocol, we intend to evaluate the options for a successful participation in the Science Based Target initiative (SBTi) in 2023. The high calculated emissions from the use of our products at the customer’s site represent a major challenge for us. Scopes 1 and 2 and 3.8: We will continue to invest in new photovoltaic systems and energy efficiency measures at our locations in 2023. As a result of these measures, we expect an additional 2,500 MWh per year of our own renewable power generation and annual energy savings of around 2,500 MWh. In addition to our production network, these measures will also apply to Festo’s sales companies. These companies will be included in primary data collection on energy consumption and CO2 emissions for the first time in 2023. This creates the conditions for CO2 neutrality for the entire Festo Group by 2026 at the latest. Scope 3.1 and 3.4: In terms of the materials we use in 2023, we will continue to focus on improving the quality of data on our CO2 emissions and exploring the use of lower-CO2 materials through selected projects. The same applies to distribution logistics. On the one hand, we increase the transparency and resilience of the balance sheet. On the other hand, we are continuing to systematically switch individual products from air freight to sea freight. Scope 3.11: With regard to our products and services, we will continue to develop the existing offerings to increase energy efficiency for our customers in 2023. For the first time, we will be able to calculate the product carbon footprint (PCF) of selected components ourselves and make it available to our customers (see Chapter 5 for details). Technical education Chapter 4 The technical training and further training of our customers at Festo Didactic is another important pillar of our sustainability efforts. Examples of our activities are: – Making high-quality learning content accessible to as many people as possible with the Festo LX digital learning portal – Learning solutions as the key to environmentally friendly innovations – Getting young people excited about technical topics with Bionics4Education – Promote learning through competitions with numerous activities The introduction of an environmental management system according to ISO 14001 is planned for Festo Didactic SE and the Canadian plants of Festo Didactic. Environment, resource and material efficiency Chapter 5 In 2022, we restructured the topics in this field of activity. At our own locations, we will work on the efficient use of materials, operating materials and waste reduction and the economical use of water as part of our ISO 14001-certified international environmental management. With regard to the entire value creation process, the focus is on our products and their packaging. The focus here is on saving materials and using materials that do not contain any critical ingredients or have a comparatively lower carbon footprint. In 2023, we will assess our potential contribution to the circular economy and identify measures. People at Festo Chapter 6 Within this area of action, we will continue to work on the long-term issues relating to the qualification and further development of our employees, the expansion of occupational health promotion and safety, and equality and diversity in the company. Ethics and governance Chapter 7 The focus of the Ethics and Governance area is on our global compliance management system and the fulfilment of corporate due diligence obligations for human rights. In 2023, after the conditions have been created in 2022, we will implement the requirements of the Act on Corporate Due Diligence in Supply Chains (LkSG) at our suppliers and in our own business units. The following chapters also explain our activities in the areas of activity in the reporting period 2022 using corresponding GRI indicators. Our contribution to the CO2 reduction and energy efficiency Technical education Environment, resource and material efficiency People at Festo Ethics and governance The five areas of action of our sustainability strategy GRI 2-6, GRI 2-22, GRI 3-2 Sustainability strategy 36 37 Festo SE & Co. KG Sustainability Report 2022 Festo SE & Co. KG Sustainability Report 2022 1. BLUE WORLD 2. STRATEGY AND MANAGEMENT 3. CO2 REDUCTION AND ENERGY EFFICIENCY 4. TECHNICAL EDUCATION 5. ENVIRONMENT, RESOURCE AND MATERIAL EFFICIENCY 6. PEOPLE AT FESTO 7. ETHICS AND GOVERNANCE 8. GRI-INDEX 9. REPORT PROFILE
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