Sustainability – a long-established part of our DNA
At V-ZUG we don’t just think sustainability, we live it. For many years now we have been working toward creating a sustainable society. With around 4.5 million appliances in active use, every Swiss home has on average one V-ZUG household appliance, meaning we play a significant role in the environmental footprints of these homes. Our production processes have been climate neutral since 2020, and we have been manufacturing eco-friendly, durable appliances that are as efficient as possible in terms of emissions and resources.
People, planet and profit
With that said, sustainability means more to us than just our environmental footprint. We want to do our bit to create a sustainable society, and we see sustainability as a holistic concept that encompasses our entire value chain on a social (people), ecological (planet) and entrepreneurial (profit) level. Put in concrete terms, we are committed to the well-being of all the people we work with, but especially our employees. We focus heavily on circular, low-emission products and resource-efficient production. We are explicitly and resolutely committed to an investment strategy that facilitates innovation and efficiency improvements.
2020 V-ZUG sustainability report
This sustainability report marks the eighth such report published by V-ZUG. As part of the IPO in 2020, we aligned the reporting period for our sustainability report with that of our annual report. As such, its content on this occasion refers to an 18-month period from 1 July 2019 to 31 December 2020 (cut-off date: 31 December 2020). The 2018/2019 sustainability report was published in autumn 2019 and covered the period from 1 July 2018 to 30 June 2019. Unless specified otherwise, the chapters of the report include management approaches taken by V-ZUG Ltd headquartered in Zug, V-ZUG Cooling Technology Ltd headquartered in Arbon and the overseas subsidiaries, in particular V-ZUG (Changzhou) Special Components Co. Ltd, located west of Shanghai. The same scope applies to the key figures shown for the period 2018–2020 (three years). Figures relating to the Swiss market, irrespective of the organisational unit, are labelled accordingly. 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 2018 and February 2019. Chapter content has been shortened slightly for publication on the website. The full report can be downloaded as a PDF.
We consider the sustainability report to be an important component of our ongoing, systematic dialogue with our stakeholders. Our aim is to present our progress and challenges plainly, transparently and in a way that allows the information to be evaluated.