Vitesco Technologies Publishes its First Sustainability Report

Vitesco Technologies, a leading international supplier of advanced drive technologies and
solutions for e-mobility, presented its first Sustainability Report today: The company presents its goals and progress in sustainability in a transparent and measurable manner over 150 pages following the Global Reporting Initiative (GRI) and other sustainability reporting guidelines. The report is now available online: https://www.vitesco-technologies.com/enus/company/sustainability/sustainability-reports “Sustainability is a key topic of our corporate strategy,” explains CHRO Ingo Holstein.

“The fact that we have been able to set up a
new, young company has given us the opportunity to think about
sustainability from the ground up and implement it in all of our
business processes. We are thereby ensuring more than just clean
mobility. We are also buying into the United Nations’ sustainability
goals right from the start.”
As a signatory of the United Nations Global Compact, the company will
transparently demonstrate how its Sustainability Agenda supports key
principles in the areas of environmental protection, labor standards,
human rights, and anti-corruption, and what specific development goals
it takes into account.
The first priority is clean mobility, which is already an integral part
of the corporate strategy with its systematic focus on climatefriendly drive technologies. The company already generates 10.6
percent of its sales with electric and electrified business solutions.
The company wants to significantly expand this share in the coming
years.

Another focus area of Vitesco Technologies’ Sustainability Agenda
is climate protection. The first sustainability report already
provides evidence in this regard: Vitesco Technologies’ own
operations were already 90.6 percent carbon neutral in 2021. The
external power required by the company for its production,
research, and development locations came 100 percent from
renewable sources.
By 2030, the company wants to have achieved complete carbon
neutrality in all of its own operational activities. Moreover, Vitesco
Technologies has set itself the ambitious goal of achieving carbon
neutrality along its entire value chain by 2040 at the latest. This also
includes all business activities beyond the company’s own
processes – for example raw material extraction or use of the
products. To calculate its carbon footprint, the company uses
emission data from suppliers as well as mathematical calculation
models.
Resource efficiency and circularity are further areas of
sustainability in which Vitesco Technologies can drive forward
development. In 2021, the company already achieved a waste
recycling quota of 92.6 percent. This figure is expected to be 95
percent by 2030.
With regard to fair working conditions and diversity within the
company, Vitesco Technologies has also established a good
starting position: A key performance indicator in this area is the
Employee Net Promoter Score, which reflects employee satisfaction
and the company’s attractiveness as an employer. With an average
score of 19, Vitesco Technologies is already very close to its
strategic target of above 20 by 2030.
A dedicated interdisciplinary working group is also involved in
anchoring human rights diligence along the value chain and
integrating it into existing management systems. Important
foundations have already been laid for this, including the
publication of the company’s own Human Rights Policy and codes
of conduct for employees and business partners. Since June 2021,
Vitesco Technologies has also been a member of the Responsible
Business Alliance, which, among other goals, is committed to
human rights due diligence. These and further measures, as well as
initial results, are presented in the responsible sourcing and
partnerships section and throughout many other parts of the
Sustainability Report “We have developed our Sustainability Agenda step-by-step with a
clear understanding that, without intact ecosystems, there can be
no intact economy,” explains Anja Rivera de la Cruz, head of
Sustainability at Vitesco Technologies. “Of course, one company
alone cannot save the world. But every company can and must
make a contribution to climate protection and the preservation of
our ecosystems. This is our conviction, which we consistently
pursue.”