V-ZUG AG

STI

Housewares / Home Furnishings / Accessories

V-ZUG AG

Member since:

August 2020

V-ZUG is the leading Swiss brand for household appliances and also markets its products in selected premium markets abroad. For over 100 years, V-ZUG has been developing and producing appliances for the kitchen and washroom in Switzerland and offers a comprehensive service in all markets.

Size

250-999

Website

www.vzug.com/ch/de/

B Corp since

August 2020

Goal 1

Internal Operations

By 2030, we reduce remaining greenhouse gas emissions in Scope 1 & 2 at all our production sites by 80 % compared with 2020.*

* Already CO2 neutral since 2020, trough offsetting with CO2 removal by investing in afforestation project V-Forest.

Goal 2

Core Business

By 2030, we reduce the environmental impact of our newly developed products by 5 %, based on reference point of the previous model.*

* According to the LCA Method with the unit UBP (EcoPoints), based on the Ecological Scarcity Method developed by the Federal office for the Environment, on every new product development.

Goal 3

Core business

By 2030, we increase the energy and water efficiency of all equipment brought to market by 5 %.*

* Based on the fleet efficiency: Consumption of all sold or rented appliances within a year, multiplied by annual consumption based on the label values.

Goal 4

Internal Operations

From 2021 onwards, we annually reduce the number of accidents by 5 %, with a long-term “Zero Accident Vision” .*

* Based on 2020 figures, measured as Lost Time Injury (minor accidents: absence 3 days).

Goal 5

Internal Operations

By 2025, we increase the proportion of women in the leadership team including Board of Directors across the group to more than 25 %.*

* Overall female proportion at V-ZUG groupwide between 20-22 % (past 3 years). Ambition to reach gender parity over time.

Scope of pledges

V-ZUG Group operates in various markets around the world through a number of subsidiaries with clear operational and commercial boundaries. The pledges taken within the STI framework relate either to the three production sites (pledge 1 and 4) or across the entire group (2, 3 and 5).

V-ZUG AG

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