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19.04.2024 06:30:49 - VAT releases its Sustainability Report 2023, showing progress against inaugural mid-term targets for Greenhouse Gas emissions and employee diversity targets set in 2022
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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
2024-04-19 / 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 7^th 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:
VAT Group AG
Investor Relations & Sustainability
investors@vat.ch
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Financial calendar 2024
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Thursday, October 17, 2024 Q3 2024 trading update
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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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Seelistrasse 1
9469 Haag
Switzerland
End of News EQS News Service
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1884285 2024-04-19 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1884285&application_name=news
END) Dow Jones Newswires
April 19, 2024 00:30 ET (04:30 GMT)
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
2024-04-19 / 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 7^th 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:
VAT Group AG
Investor Relations & Sustainability
Michel R. Gerber Christopher Wickli T +41 81 553 70 13 +41 81 553 75 39
investors@vat.ch
===
Financial calendar 2024
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Friday, May 3, 2024 Record date, closing of share register, 5.00 pm CEST Tuesday, May 14, 2024 Annual General Meeting, St Gallen, Switzerland Thursday, May 16, 2024 Ex-date Tuesday, May 21, 2024 Dividend payment Thursday, July 18, 2024 Half-year 2024 results
Thursday, October 17, 2024 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 2024-04-19 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1884285&application_name=news
END) Dow Jones Newswires
April 19, 2024 00:30 ET (04:30 GMT)
