VAT Group AG Demonstrates Environmental and Diversity Progress in 2023 Sustainability Report

VAT Group AG, a leading supplier of high-end vacuum valves, has released its 2023 Sustainability Report, detailing notable improvements in environmental and social initiatives. Highlights from the report include a significant 45% reduction in Scope 1 and 2 Greenhouse Gas (GHG) emissions compared to the previous year, and an increase in renewable energy usage to 68% of the company's total energy mix.

Additionally, the company made strides in employee diversity with female hires comprising 24% of new recruits in 2023, a slight increase from 22% in 2022. The report also marks a consistent rise in employee engagement scores for the seventh consecutive year.

The report aligns with Swiss non-financial disclosure directives and encapsulates VAT's commitment to integrating Environment, Social, and Governance (ESG) principles deeply within its operational strategies. The firm's progress underlines its ongoing mission to align with the Responsible Business Alliance Code of Conduct concerning labor practices, health and safety, and ethical conduct.

VAT’s renewed efforts in measuring and reporting on ESG factors reflect an increased priority on sustainable practices among its board and management. The company aims to continue enhancing its ESG leadership in the industry by focusing on climate protection, sustainable resource management, and bolstering employee diversity.