Sustainability Report 2018/2019

Our contribution to the future

As a Swiss market leader in the household appliance sector and a high-tech company operating internationally, we have set ourselves ambitious goals: to provide lifelong inspiration and to capture people's imaginations with simple, individual solutions. In the era of digital transformation, this is an aspiration that goes far beyond developing and manufacturing high-quality household appliances. Greater value is being placed on our use of natural resources, the way we treat our employees and the society in which our company operates. We want to help create a future that works; a world in which scarce resources are preserved, in which people can realize their full potential, and in which companies like V-ZUG can achieve great things.

The many dimensions of sustainability
The concept of sustainability is deeply ingrained at V-ZUG – in our vision and strategy as well as our corporate culture and our understanding of how our company can help shape our environment, society and the economy. For this reason, sustainability unites our core values, such as quality and innovation. For us, this means taking responsibility for all of these aspects.

V-ZUG's Sustainability Report 2018/2019
This is V-ZUG's seventh sustainability report. It covers the reporting period from 1 July 2018 to 30 June 2019. During the reporting year, we examined the relevance of the sustainability issues and devised a materiality matrix. The priorities in the materiality matrix have been merged into four thematic target visions. This Sustainability Report, with its chapters entitled “Products and Services”, “Employees”, “Energy and Climate” and “Society” is based on those target visions. Unless specified further, the management approaches described in the four sections on our priorities include V-ZUG Ltd with its head office at the Zug site, V-ZUG Cooling Technology Ltd with head office in Arbon, and the foreign subsidiaries, in particular V-ZUG (Changzhou) Special Components Co. Ltd., west of Shanghai. Unless otherwise indicated, the key sustainability figures refer to the Swiss production sites in Zug and Arbon as well as those in Changzhou.

This report has been prepared in accordance with the GRI standards. The key figures, activities and impacts discussed in the report are selected on the basis of the 2019 materiality matrix and on a series of interviews with V-ZUG managers over the period from May to July 2019. We regard this report as essential to a constant and systematic dialogue with our stakeholders. By providing transparency with regard to our sustainability performance, we enable our stakeholders to verify and assess our claims. For the sake of legibility, the male gender is used throughout. The information of course applies to members of both genders.