dormakaba

Sustainability Report 2021/22

2

dormakaba

Sustainability Report 2021/22

Introduction

We entered the new strategic cycle with an even stronger sustainability organization, more than 30 ESG objectives to focus on and the development of more than 200 initiatives to achieve them.

2021/22 in brief

With this exercise, we have entered a new five-year strategic sustainable development cycle. To start, we launched a reference framework with more than 30 ambitious objectives. Sustainability has also been integrated into the core of our corporate strategy and vision, clearly showing its importance to dormakaba. In addition, we have strengthened our sustainability governance by simplifying the structure and creating four groups of experts, who play a key role in achieving our objectives. The expert groups have launched the development of more than 200 initiatives worldwide and have already reached important milestones. Key highlights include:

  • 17,400 tCO2 e saved thanks to energy efficiency projects and green electricity purchases
  • 46.4% of electricity purchased from renewable sources
  • On the sitesolar energy production increased by 10%
  • 67% of our sites have implemented an energy management system
  • 117 high-risk suppliers have been assessed as part of our supplier sustainability engagement program
  • Over 700 suppliers provided conflict minerals reports
  • 200 sustainability-related product declarations and certifications are available
  • 20% of our managers are women
  • 12,429 employees completed at least one eLearning module
  • 87% of our employees are covered by a health and safety management system
  • Three Group directives published: Environment, Responsible Labor and Zero
    Recruitment Fee Guidelines

dormakaba

Sustainability Report 2021/22

Letter from the CEO

Dear speakers,

This is my first time presenting dormakaba’s sustainability report as CEO of the company. And I do so with confidence, knowing that we are on the right track to contribute to a more sustainable industry and to strengthen our position as a leader in this field.

It’s been six months since we launched our new business strategy, Shape4Growth, and since then we’ve worked passionately on our vision of becoming “the worldwide trusted partner for safe, secure and sustainable places where people can move seamlessly”. We continue to stress that sustainability is at the heart of our future, of the building industry and therefore of our business model.

Therefore, we have incorporated sustainability into Shape4Growth as an important part of our customer-centric pillar, in recognition of the growing demand for environmentally friendly products in the green building industry. For example, we launched the ST PRO Green RC3 in the Austrian and Swiss markets. The product is a new energy-saving automatic sliding door with a thermally separated profile system that reduces energy losses in the building thanks to a very low heat transfer coefficient. This is the first dormakaba product aligned with the climate change mitigation objectives of the EU taxonomy, which is the classification system established to clarify which investments are environmentally sustainable, in the context of the European Green Deal.

Sustainability is also embedded in the way we run our business. To lead by example, we have started the implementation of three Group-wide guidelines which set minimum business requirements for environmental management and fair working conditions in line with international standards.

Additionally, our new sustainability framework and ESG goals have strengthened collaboration, engagement and accountability across many of our global functions, from HR and operations to product development and procurement. Four expert groups within the Global Sustainability Working Group, made up of more than 50 colleagues, develop around 200 initiatives around the world to achieve our ESG objectives. We have made progress towards several of these objectives and reached important milestones during the period under review.

For example, we achieved a 2.4% year-over-year reduction in Scope 1+2 carbon emissions. The increase in the number of manufacturing sites that have energy management systems in place is particularly impressive. As of June 30, 2022, 67% of our factories, local assembly centers and regional logistics centers have implemented energy management systems (previous year: 21%). Good energy management is key to achieving our climate goals.

And as part of the commitment to a 1.5°C future and to reduce our operational emissions by 42% by 2030 (reference 74,770 tCO2 e in fiscal year 2019/20), we launched a value discovery audit process in partnership with Siemens at ten of our largest manufacturing sites. The goal of the partnership is to execute audit-based projects to uncover energy efficiency and carbon saving potentials, and to maximize energy and CO2 savings by implementing the right strategies and measures for the single site.

Siemens, in cooperation with our employees, has identified opportunities for efficiency and savings, ranging from low-cost operational improvements and control optimization approaches to capital-intensive equipment retrofits, focusing on the highest priority conservation initiatives. The value discovery audit was successfully closed at all ten sites, resulting in a potential reduction of over 4,000 tCO2 .

Additionally, our manufacturing plant in Chennai (India) increased its on-site solar power generation capacity by 200% in the baseline year. The site can now cover 25% of its total energy needs from its own renewable energies. To achieve our 42% reduction target, other initiatives are planned, including the electrification of the fleet and other green electricity projects.

Presentation 4

Jim-Heng Lee, CEO

dormakaba

dormakaba

Sustainability Report 2021/22

On our target to have all high-risk suppliers assessed for their sustainability management by a third party by 2027, we have increased from 10% in the previous reporting period to 18.7% over the of the 2021/22 financial year. Additionally, we have seen a slight improvement in diversity and inclusion targets, with female representation at management level at 20% (up from 19% in 2020/21). We have signed the UN Women’s Empowerment Principles (WEPs), as part of our commitment to promoting gender equality in the workplace, and have launched various projects and awareness campaigns.

Our sustainability performance continues to be recognized by external parties. We were named one of the most climate-conscious companies in Switzerland in a recent ranking by BILANZ, Le Temps and Statista. The ranking recognizes our efforts to reduce emissions and, with them, our contribution to a low-carbon economy. Additionally, our MSCI rating went from A to AA during the reporting period.

Recent geopolitical and global issues, such as energy dependence, ESG-related regulations, supply chain disruptions and the market trend towards a greener economy, set a clear path for all of us to follow. Strategic initiatives undertaken with sustainability in mind also contribute to innovation, employee and customer satisfaction, and ultimately, long-term business success.

In line with our sustainability commitments, we are moving in this direction with a clear purpose, setting higher sustainability standards within our industry, for every place that matters.

Cordially,

Jim Heng Lee

CEO dormakaba

This is an excerpt from the original content. To continue reading it, access the original document here.

Disclaimer

DORMA+KABA Holding SA published this content on August 31, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on August 31, 2022 08:09:07 UTC.

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2022 sales 2,705 million
2,782 million
2,782 million
Net income 2022 93.3 million
96.0 million
96.0 million
Net debt 2022 497M
511M
511M
PER 2022 ratio 18.9x
2022 return 3.06%
Capitalization 1,761 million
1,811 million
1,811 million
EV / Sales 2022 0.83x
EV / Sales 2023 0.78x
# of employees 15,304
Floating 70.6%

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