& UNIDO INNOVATION E S G I By 2030: –30% The reduction plan to achieve net zero in accordance with SBTi is under development. Scope 1 I Since 2024: CO2-neutral I Expanding PV output: By the end of 2023: 14 MW (total output) By the end of 2024: 20 MW (total output) I By 2030: 25% in-house power generation Scope 2 Scope 3 I Since 2024: CO2 offset I By 2030: –30% (base year 2021) I From 2040: Net zero We place particular emphasis on climate protection and continuously reducing our CO2 footprint. For example, since 2024, the entire Festo Group worldwide has been carbon offset in terms of Scope 1 and carbon-neutral in terms of Scope 2 – two years earlier than planned. We are continuing to work on energy-saving measures such as the further expansion our photovoltaic (PV) capacity and retrofitting our heating technology in order to continuously reduce the need for offsets and achieve net zero by 2040, including in Scope 1. For this reason, Festo is joining the Science Based Targets Initiative (SBTi) in 2024. In doing so, we commit to scientifically sound climate targets that are in line with the Paris Agreement and are continuously reviewed by the globally recognized network. Furthermore, the implementation of an energy management system in accordance with ISO 50001 is planned in Germany for 2024. Sustainability is firmly anchored in our corporate strategy. As a long-term operating family-owned company, we assume responsibility for the environment, social issues, and governance (ESG) when it comes to current and future generations. For us, sustainability means the holistic fulfillment of all three dimensions. At Festo, the focus is on people. After all, a healthy, motivated, and high-performing workforce is a key factor in our success. With our comprehensive range of training courses, we make an important contribution to the technical qualification of current and future generations. In order to achieve the goals of sus- tainable development, we attach great importance to acting ethically and in accordance with the law and regu- lations. Climate protection and the economical use of energy, materials, and resources are firmly anchored in our sustainability strategy. Ethics and governance Technical education People at Festo Climate protection and resource efficiency Certified sustainability GRI 3-3 Sustainability in action Our operational management systems contribute to the continuous improvement of sustainable processes and services in the company. This is confirmed by recognized standards such as the following: Festo actively promotes sustainability. We are therefore involved in various initiatives and are committed to acting in a socially supportive and resource-conserving manner. Environmental management system: certified in accordance with ISO 14001 GRI 303-1 Occupational health and safety management system in Budapest, São Paulo, and Shanghai: certified according to ISO 45001 GRI 403-1 Compliance Management System: certified in accordance with the IDW testing standard 980 GRI 206-1 2024: Joining the Science Based Targets Initiative (SBTi) to reduce greenhouse gas emissions in line with the Paris Climate Agreement. 2023: Establish a systematic approach to respecting human rights and the related environmental rights. 2022: Signature of the Diversity Charter to take into account and promote the diversity of our workforce. Award-winning sustainability Our commitment is already widely recognized in important awards, ratings, and rankings. This confirms our strategic orientation and motivates us to continue on this path. Our areas of activity In order to achieve our sustainability goals, our sus- tainability strategy defines four fields of action. GRI 2-6, GRI 2-22, GRI 2-23, GRI 3-2 8 9 1. Blue World 2. Strategy and Management 3. Climate Protection and Resource Efficiency 4. Technical Education 5. People at Festo 6. Ethics and Governance 7. GRI Index 8. Report Profile Festo SE & Co. KG Sustainability Report 2023 Festo SE & Co. KG Sustainability Report 2023
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