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Sustainability report 2022

At SEW-EURODRIVE, we believe that industry is the real driver of the shift towards a resilient, sustainable, circular and regenerative economy, where people's wellbeing and environmental protection are at the heart of our day-today efforts and our medium and long-term plans.

And we believe it is essential to regain - and sometimes create - a sense of community where inclusiveness, respect, compassion and sharing are the values underpinning true riches: the kind of riches that sustain people and protect the planet and future generations.

The pages of this website provide an overview of our firm commitment to a more inclusive society and equitable growth while respecting the environment and the ecosystem that hosts us.

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Sustainability strategy

SEW’s sustainability is not a loosely defined ambition, but a data-driven strategy, i.e. based on the data and KPIs that we use to monitor and record our achievements. We achieve our goals with passion, but also with transparency, reporting them through a verifiable, tangible process.

 

The sustainability reporting process has helped to make clear the actions we have already taken to make SEW’s sustainability a reality and, at the same time, to pinpoint the areas for improvement and the corresponding actions to be implemented. Therefore, we have worked to equip the company with the resources and tools to perform better in terms of future sustainability, always with a data-driven approach.

 

We are also sure that reporting our commitment and achievements in the annual sustainability report, prepared in accordance with European directives, is useful to raise awareness with all our stakeholders.

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Highlights

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SDGS & ESG topics
The green side of... → Governance: the ESG topics → People: the ESG topics → Product & Services: the ESG topics → Supply chain: the ESG topics → Production and Processes: the ESG topics Economy and governance: the ESG topics + Ethics and transparency in the business (material topic) + Presence, application and dissemination of the Code of Ethics + Market presence + Economic performance People: the ESG topics + Occupational health and safety (material topic) + Dissemination and growth of a sustainable culture (material topic) + Gender equality + Digital culture + Enhance skills and wellbeing Products & Services: the ESG topics + Assessing the environmental and human impact of products (material topic) + Product and process research and innovation + Mechanical and electrical quality of products + Product conformity and safety + Sustainable service Supply chain: the ESG topics + Sustainable supply chain assessment Production and Processes: the ESG topics + Reduce consumption and emissions (material topic) + Increase circularity + Combat climate change + Protect biodiversity
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Economy and governance:
the ESG topics

+ Ethics and transparency in the business (material topic)
+ Presence, application and dissemination of the Code of Ethics
+ Market presence
+ Economic performance

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PeopleMobile
People:
the ESG topics

+ Occupational health and safety - material topic
+ Dissemination and growth of a sustainable culture - material topic
+ Gender equality
+ Digital culture
+ Enhance skills and wellbeing

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Products & Services:
the ESG topics

+ Assessing the environmental and human impact of products (material topic)
+ Product and process research and innovation
+ Mechanical and electrical quality of products; Product conformity and safety; Sustainable service

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PeopleProduction
Supply chain:
the ESG topics

+ Sustainable supply chain assessment

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Production and Processes:
the ESG topics

+ Reduce consumption and emissions (material topic)
+ Increase circularity
+ Combat climate change
+ Protect biodiversity

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Three macro-pillars:

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ENVIRONMENTAL

By 2026: reducing and offsetting Scope 1 and 2 greenhouse gas emissions generated to achieve the Carbon Neutral target, in line with the parent company programmes.
By 2030: reducing and offsetting Scope 1, 2, 3 greenhouse gas emissions.

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ECONOMIC

Increase low-emission solutions and products, expanding related business and sales markets.

Focus on products and services that enable sustainability for the company’s customers.

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SOCIAL

Increase the Great Place to Work Trust Index score to 68 per cent in 2024, 78 per cent in 2026, and up to 90 per cent in 2030.

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Stakeholder

As in 2021, we mapped the strategic stakeholders by reworking the classification suggested by AA1000 SES (Accountability).

The stakeholder reclassification in 2022 resulted in the identification of 56 stakeholders that we engaged using the most appropriate form of communication from the many implemented.

To engage the most active and interested stakeholders in sustainability issues, we organized dedicated events called Walk the green talk.

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