GF Sustainability Report 2021: Promising start towards sustainability targets 2025
In 2021, products with social or environmental benefits generated 60% of sales, up from 58% the year before. Greenhouse gas (GHG) emissions fell 17% compared with the base-year 2019. Against the backdrop of a 17% sales growth in 2021, the intensity of waste sent to landfill or incineration fell 9% compared to a baseline average of the previous three years.
Reflecting the scope of the 2025 framework targets, GF's Sustainability Report 2021 includes for the first time a new metric on sustainable procurement and the gender balance of newly appointed managers. GF coordinated sustainability assessments on 34% of its procurement spend in 2021, with the aim to assess 80% by 2025. With 30% of newly appointed managers in 2021 being women, the company also exceeded its target of 25% women among new management appointments by 2025.
"This strong result in the first year of our journey towards achieving our sustainability targets 2025 is a testimony of how sustainability is an integral part of GF's business and corporate culture," said GF CEO Andreas Müller. "Our strong start builds on years-long efforts to drive business growth, while supporting our customers and other stakeholders on their own sustainability journey."
For more details, see also the tables in the report showing GF's progress towards its Sustainability Framework 2025 targets.
GF – with its three divisions GF Piping Systems, GF Casting Solutions, and GF Machining Solutions – offers products and solutions that enable the safe transport of liquids and gases, as well as lightweight casting components and high-precision manufacturing technologies. As a sustainability and innovation leader, GF strives to achieve profitable growth while offering superior value to its customers for more than 200 years. Founded in 1802, the Corporation is headquartered in Switzerland and present in 34 countries with 139 companies, 61 of which are production facilities. GF's 15,111 employees worldwide generated sales of CHF 3,722 million in 2021.