Sustainability Report 2021
Comprehensive understanding of our corporate responsibility
With around 5.5 million household appliances in active use, every Swiss home has on average one V-ZUG appliance. These figures bring with them certain obligations. For a number of years, we have therefore been committed to an economically sound future – for the environment, our roughly 2,200 employees and society as a whole.
With products and solutions designed for the circular economy, we contribute to a sustainable society, i.e. a more conscious lifestyle and a healthier diet. Modern production methods, the use of renewable energies and our product life cycle assessments reflect a clear commitment to the environment and climate protection.
We resolutely pursue an investment strategy that facilitates our sustainable innovations and efficiency improvements. The site transformation at the Zug production location (under the direction of the Tech Cluster Zug), the associated vertical factory and the new refrigerator plant in Sulgen all bear witness to our strong commitment to Switzerland as an economic and production location.
2021 V-ZUG Sustainability Report
The present Sustainability Report examines the key economic, ecological and social impacts of V-ZUG and explains our commitment to a sustainable future. The report refers to the financial year 2021 (1 January – 31 December).
The four chapters entitled “Products and services for a sustainable society”, “Healthy and dedicated employees”, “Environmental and climate protection” and “Entrepreneurship fostering sustainable prosperity” describe the key management approaches of the V-ZUG Group's three production sites. They are: V-ZUG Ltd headquartered in Zug, V-ZUG Cooling Technology Ltd headquartered in Arbon (from 2022 in Sulgen) and the overseas subsidiary V-ZUG (Changzhou) Special Components Co. Ltd, located west of Shanghai.
This report has been prepared in accordance with the GRI Standards (Core option). The key figures, activities and impacts included in the report are selected on the basis of the materiality matrix, an analysis drawn up using the Sustainable Development Goals and a series of interviews conducted with V-ZUG managers and experts between December 2021 and February 2022.
We are publishing this report for the ninth time because we believe that it is an important prerequisite for the continuous and systematic dialogue with our stakeholder groups. Our aim is to present our progress and challenges plainly, transparently and in a way that allows the information to be evaluated.
Chapter content has been shortened slightly for publication on the website. The full report can be downloaded as a PDF. Questions and feedback can be sent to Marcel Niederberger, Head of Sustainability at V-ZUG, by e-mail.