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 at all our production sites by 80 % (Scope 1 & 2) and reduce our Scope 3 emissions by 30 % compared with 2020, in line with our Science Based Targets initiative (SBTi) goal https://sciencebasedtargets.org/companies-taking-action#table approved in 2025.*

* 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 10 %.*

* 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 2030, 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. Despite intensive efforts, it is challenging to increase the proportion of women in the short term. In 2023, we therefore decided to stick to our ambitious goal, but to change the target year from 2025 to 2030.

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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