Vitesco Technologies - Sustainability Agenda

Vitesco Technologies´ sustainability strategy is described in the Sustainability Agenda adopted at Board level and is steered by a set of selected Key Performance Indicators and corresponding targets summarized in the Sustainability Scorecard. Both, the Sustainability Agenda and the Sustainability Scorecard, provide the framework for the strategic development, management, and implementation of Vitesco Technologies’ material sustainability topics.

"Powering clean mobility" is our mission. As electronics champion we are leading the transition of automotive powertrain suppliers towards e-mobility. By providing innovative electrification solutions, we do our part for reducing the environmental impacts of the automotive industry and promote emission-free mobility worldwide.

Climate Protection — © Vitesco Technologies GmbH (exclusive rights)

With technologies and measures to protect the climate, we proactively counteract global warming and promote the reduction of greenhouse gas emissions in our business activities and product life cycle. We aim for climate neutrality in our production, development and administration sites, and step by step along the entire value chain.

Resource Efficiency and Circularity — © Vitesco Technologies GmbH (exclusive rights)

We are committed to the efficient use of natural resources and prevent pollution such as emissions to soil, air, and water and reduce waste. We decrease the consumption of energy, water, raw materials and operation materials and strive for closed resource and production cycles.

Fair Work and Diversity — © Vitesco Technologies GmbH (exclusive rights)

Passionate, Partnering, Pioneering. Based on these values, we offer our employees fair and attractive working conditions with personal freedom and empowerment, opportunities for training and career, and a special focus on diversity, equity, inclusion and flexibility.

Responsible Sourcing & Partnerships — © Vitesco Technologies GmbH (exclusive rights)

Socially and environmentally responsible action does not end at our plant gates. We are actively committed to ethical business practices, sustainability and human rights due diligence in our business relationships and stand for responsible sourcing and considerate collaboration with our suppliers.

Occupational Health and Safety — © Vitesco Technologies GmbH (exclusive rights)

Safety and Health Protection are essential elements of our corporate culture. We undertake preventative measures, eliminate hazards, reduce risks and protect all persons in our company from accidents and work-related illnesses. We actively foster the health of our employees and conduct operational support emergency management to avoid damage to people, asset, and the environment.

Business Ethics and Compliance — © Vitesco Technologies GmbH (exclusive rights)

Ethics, integrity and fair business practices form the foundation of our corporate governance. With our global compliance organization, we ensure compliance with the law and internal policies, detect risks and prevent violations. This includes measures to combat corruption and bribery in accordance with industry leading standards.

A key aspect of our Sustainability Agenda is the decarbonization of the entire value chain. The aim is to eliminate materials, activities and processes that cause emissions as far as possible, but in any case, to reduce or substitute them. Three key levers for decarbonization are an elementary part of DIRECTION 2030: the electrification of our product portfolio, life cycle engineering and climate neutral own operations.

Our Targets

By 2030: 100% reduction in absolute greenhouse gas emissions from own operational activities (Scope 1 and 2) compared to the base year 2019 (target validated by SBTi)
By 2030: 25% reduction in absolute Scope 3 greenhouse gas emissions compared to the base year 2021 (target validated by SBTi)
By 2040: Net-zero greenhouse gas emissions across the entire value chain (Scope 1 to 3) compared to the base year 2021

Resource Efficiency and Cicrularity — © Vitesco Technologies GmbH (exclusive rights)

Scope 1: With regard to direct greenhouse gas emissions, we are currently working on the electrification of the heat supply and the use of renewable energies.

Scope 2: We have already reduced most of our Scope 2 emissions by purchasing green electricity. We are currently dealing with the electrification of the heat supply and the conversion to green district heating.

Scope 3 Downstream: The majority of our greenhouse gases is caused by the use of sold products. The electrification of our product portfolio offers the biggest potential for decarbonization.

Scope 3 Upstream: The majority of our greenhouse gases is caused by the purchase of goods and services. By introducing life cycle engineering, we want to eliminate production materials that cause high emissions, reduce the use of materials or substitute them with alternative materials.