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19.04.2024 06:30:36 - dpa-AFX: EQS-News: VAT releases its Sustainability Report 2023, showing progress against inaugural mid-term targets for Greenhouse Gas emissions and employee diversity targets set in 2022 (english)
VAT releases its Sustainability Report 2023, showing progress against
inaugural mid-term targets for Greenhouse Gas emissions and employee diversity
targets set in 2022
VAT Group AG / Key word(s): Annual Results/Sustainability
VAT releases its Sustainability Report 2023, showing progress against
inaugural mid-term targets for Greenhouse Gas emissions and employee
diversity targets set in 2022
19.04.2024 / 06:30 CET/CEST
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* Female hires in 2023 at 24% versus 22% in 2022
* Employee engagement score up for the 7th year in a row
VAT, the leading global supplier of high-end vacuum valves, published its
third annual Sustainability Report today, providing stakeholders with a
broader and more robust range of environment, social and governance (ESG)
metrics, the progress made versus its inaugural ESG targets and an overview
over its external ESG ratings.
VAT's improvements demonstrate the increased priority given to
sustainability and ESG performance by the Board of Directors and executive
management, as well as the growing awareness of many ESG topics within the
company. The execution of the ESG measures and targets from the company's
mid-term strategic plan back in 2022 have gained companywide traction.
'VAT includes sustainability considerations in how we operate the business,
and we have embedded ESG performance criteria in our strategic plan,' said
Martin Komischke, Chairman of VAT's Board of Directors. 'We will continue to
make progress in our ESG efforts, and we have started to take additional
important steps towards our goal to become an ESG leader in our industry.'
The Sustainability Report 2023 has again improved data collection over the
Sustainability Report 2022 in areas such as GHG emissions, energy
consumption, and waste generation. The report is compliant with the Swiss
directive on non-financial disclosure, applicable going forward for the
first time for the business year 2023.
Stakeholder dialog
Following up on initiatives started in 2022, VAT has continued measured
alignment with the Responsible Business Alliance Code of Conduct in areas
such as labor practice, health and safety, environment, ethics, and
management systems.
'For VAT, the integration of ESG principles into its business strategy,
operational processes and company culture will remain a management priority
in 2024,' said Urs Gantner, CEO. 'In line with the company's ESG targets,
VAT will focus on climate protection, sustainable resource use, and
increased employee diversity.'
VAT continues to engage with ESG and stewardship teams of its investor base
and incorporates feedback received on best practices and recommended
verification providers and rating agencies.
Download
The Sustainability Report 2023 is available in English and can be downloaded
from VAT's website.
1. mailto:investors@vat.ch
Financial calendar 2024
ABOUT VAT
We change the world with vacuum solutions - that is our purpose as the
world's leading supplier of high-end vacuum valves. The Group reports in two
segments: Valves and Global Service. The Valves segment is a global
developer, manufacturer and supplier of vacuum valves for the semiconductor,
displays, photovoltaics and vacuum coating industries as well as for the
industrial and research sector. Global Service provides local expert support
to customers and offers genuine spare parts, repairs and upgrades. VAT
reported net sales of CHF 885 million in 2023 and employs some 2,700 people
worldwide, with representatives in 29 countries and manufacturing sites in
Switzerland, Malaysia, and Romania.
FORWARD-LOOKING STATEMENT
Forward-looking statements contained herein are qualified in their entirety
as there are certain factors that could cause results to differ materially
from those anticipated. Any statements contained herein that are not
statements of historical fact (including statements containing the words
'believes,' 'plans,' 'anticipates,' 'expects,' 'estimates' and similar
expressions) should be considered to be forward-looking statements.
Forward-looking statements involve inherent known and unknown risks,
uncertainties, and contingencies because they relate to events and depend on
circumstances that may or may not occur in the future and may cause the
actual results, performance, or achievements of the company to be materially
different from those expressed or implied by such forward-looking
statements. Many of these risks and uncertainties relate to factors that are
beyond the company's ability to control or estimate precisely, such as
future market conditions, currency fluctuations, the behavior of other
market participants, the performance, security and reliability of the
company's information technology systems, political, economic, and
regulatory changes in the countries in which the company operates or in
economic or technological trends or conditions. As a result, investors are
cautioned not to place undue reliance on such forward-looking statements.
Except as otherwise required by law, VAT disclaims any intention or
obligation to update any forward-looking statements as a result of
developments occurring after the date of this report.
News Source: VAT Group AG
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End of Media Release
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End of News EQS News Service
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1884285 19.04.2024 CET/CEST
inaugural mid-term targets for Greenhouse Gas emissions and employee diversity
targets set in 2022
VAT Group AG / Key word(s): Annual Results/Sustainability
VAT releases its Sustainability Report 2023, showing progress against
inaugural mid-term targets for Greenhouse Gas emissions and employee
diversity targets set in 2022
19.04.2024 / 06:30 CET/CEST
---------------------------------------------------------------------------
* 45% reduction in Scope 1 and 2 Greenhouse Gas (GHG) emissions
year-over-year
* Renewable energy proportion of the energy mix up to 68% (versus 62% in
2022)
* Female hires in 2023 at 24% versus 22% in 2022
* Employee engagement score up for the 7th year in a row
VAT, the leading global supplier of high-end vacuum valves, published its
third annual Sustainability Report today, providing stakeholders with a
broader and more robust range of environment, social and governance (ESG)
metrics, the progress made versus its inaugural ESG targets and an overview
over its external ESG ratings.
VAT's improvements demonstrate the increased priority given to
sustainability and ESG performance by the Board of Directors and executive
management, as well as the growing awareness of many ESG topics within the
company. The execution of the ESG measures and targets from the company's
mid-term strategic plan back in 2022 have gained companywide traction.
'VAT includes sustainability considerations in how we operate the business,
and we have embedded ESG performance criteria in our strategic plan,' said
Martin Komischke, Chairman of VAT's Board of Directors. 'We will continue to
make progress in our ESG efforts, and we have started to take additional
important steps towards our goal to become an ESG leader in our industry.'
The Sustainability Report 2023 has again improved data collection over the
Sustainability Report 2022 in areas such as GHG emissions, energy
consumption, and waste generation. The report is compliant with the Swiss
directive on non-financial disclosure, applicable going forward for the
first time for the business year 2023.
Stakeholder dialog
Following up on initiatives started in 2022, VAT has continued measured
alignment with the Responsible Business Alliance Code of Conduct in areas
such as labor practice, health and safety, environment, ethics, and
management systems.
'For VAT, the integration of ESG principles into its business strategy,
operational processes and company culture will remain a management priority
in 2024,' said Urs Gantner, CEO. 'In line with the company's ESG targets,
VAT will focus on climate protection, sustainable resource use, and
increased employee diversity.'
VAT continues to engage with ESG and stewardship teams of its investor base
and incorporates feedback received on best practices and recommended
verification providers and rating agencies.
Download
The Sustainability Report 2023 is available in English and can be downloaded
from VAT's website.
For further information please contact: Christopher Wickli
VAT Group AG +41 81 553 75 39
Investor Relations & Sustainability
Michel R. Gerber
T +41 81 553 70 13
(1)investors@vat.ch
1. mailto:investors@vat.ch
Financial calendar 2024
Friday, May 3, 2024 Tuesday, Record date, closing of share May 14, 2024 Thursday, May 16, register, 5.00 pm CEST Annual General 2024 Tuesday, May 21, 2024 Meeting, St Gallen, Switzerland Thursday, July 18, 2024 Ex-date Dividend payment Half-year Thursday, October 17, 2024 2024 results Q3 2024 trading update
ABOUT VAT
We change the world with vacuum solutions - that is our purpose as the
world's leading supplier of high-end vacuum valves. The Group reports in two
segments: Valves and Global Service. The Valves segment is a global
developer, manufacturer and supplier of vacuum valves for the semiconductor,
displays, photovoltaics and vacuum coating industries as well as for the
industrial and research sector. Global Service provides local expert support
to customers and offers genuine spare parts, repairs and upgrades. VAT
reported net sales of CHF 885 million in 2023 and employs some 2,700 people
worldwide, with representatives in 29 countries and manufacturing sites in
Switzerland, Malaysia, and Romania.
FORWARD-LOOKING STATEMENT
Forward-looking statements contained herein are qualified in their entirety
as there are certain factors that could cause results to differ materially
from those anticipated. Any statements contained herein that are not
statements of historical fact (including statements containing the words
'believes,' 'plans,' 'anticipates,' 'expects,' 'estimates' and similar
expressions) should be considered to be forward-looking statements.
Forward-looking statements involve inherent known and unknown risks,
uncertainties, and contingencies because they relate to events and depend on
circumstances that may or may not occur in the future and may cause the
actual results, performance, or achievements of the company to be materially
different from those expressed or implied by such forward-looking
statements. Many of these risks and uncertainties relate to factors that are
beyond the company's ability to control or estimate precisely, such as
future market conditions, currency fluctuations, the behavior of other
market participants, the performance, security and reliability of the
company's information technology systems, political, economic, and
regulatory changes in the countries in which the company operates or in
economic or technological trends or conditions. As a result, investors are
cautioned not to place undue reliance on such forward-looking statements.
Except as otherwise required by law, VAT disclaims any intention or
obligation to update any forward-looking statements as a result of
developments occurring after the date of this report.
News Source: VAT Group AG
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End of Media Release
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Language: English
Company: VAT Group AG
Seelistrasse 1
9469 Haag
Switzerland
Phone: +41 81 771 61 61
Fax: +41 81 771 48 30
E-mail: reception@vat.ch
Internet: www.vatvalve.com
ISIN: CH0311864901
Listed: SIX Swiss Exchange
EQS News ID: 1884285
End of News EQS News Service
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1884285 19.04.2024 CET/CEST
