Annual Report 2022

Annual Report 2022

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Materiality analysis

The materiality analysis was carried out based on the GRI Standards. It prioritises the key topics for Geberit and simultaneously highlights the areas in which added value for stakeholders is created. Material aspects are deemed material if they are significant from the internal perspective of the company and/or the external perspective of stakeholders. Based on the stakeholder analysis, Geberit identifies both potential for conflict and opportunities, and pursues a cooperative approach when it comes to discussing and further developing possible measures with the stakeholders concerned.

In agreement with the Group Executive Board, the update of the materiality analysis in 2022 focused on aligning it closely with the corporate strategy and sustainability strategy. This resulted in fewer topics overall. The names of these topics are based on the corporate strategy and sustainability strategy, resulting in a consolidated name in some cases. The updated materiality analysis was also reviewed by an external stakeholder panel and amended slightly in the reporting year. It became clear that a high degree of consensus existed between the internal standpoint of the company and the assessment of the stakeholder panel, see Panel Statement.

Materiality analysis (graphic)
Value
Creation
Materiality analysis
Sustainability strategy
Mission
We continuously improve the quality of people’s lives with innovative sanitary products.
Resources
People
Planet
Profit
11,514
employees
Info
283
apprentices
Info
17 hours
training and education per employee
Info
CHF 9.5 million
on workshops for disabled persons, meaningful work for about 550 people
Info
453 GWh
combustibles consumption (-10.3%)
Info
219 GWh
electricity consumption (-5.5%), 112 GWh green electricity, 71.3% renewable energy
Info
908,407 m3
water consumption (-1.8%)
Info
CHF 155 million
Investments in property, plant and equipment and intangible assets
Info
CHF 72 million
R&D expenditures
Info
43.7%
Equity ratio
Info
27
Number of new patents
Info
Values and Strategy
Values
  • Integrity
  • Team spirit
  • Enthusiasm
  • Modesty
  • Ability to renew ourselves

Geberit Compass as PDF
Read more about our values

Read more
Strategy
Focus on sanitary products
Geberit concentrates on sanitary and piping systems for transporting water in buildings, as well as bathroom ceramics and furniture. In these areas, Geberit has comprehensive know-how and supplies high-quality, integrated and water-saving sanitary technology as well as attractive design.
Commitment to innovation and sustainability
Continuously optimising and extending the product range is crucial for future success. Innovative strength is founded on research in areas such as hydraulics, statics, fire protection, hygiene and acoustics, as well as process and materials technology. The insights gained are systematically applied in the development of products and systems for the benefit of customers. Here, the aspects of design are constantly growing in importance.
Selective geographic expansion
An important factor in long-term success is stronger growth in the markets in which Geberit products or technology are still under-represented. Outside Europe, Geberit concentrates on the most promising markets. These include North America, China, Southeast Asia, Australia, the Gulf Region, South Africa and India. With the exception of North America and Australia, the company mainly engages in project business in these markets. The company always adheres strictly to the existing high standards in terms of quality and profitability.
Continuous optimisation of business processes
Efficient processes will help to establish a leading and competitive cost structure on a long-term basis. Process optimisation will be partly achieved through Group-wide projects and partly through employees identifying improvement potential in their day-to-day work, thus making a major contribution toward positive development.
Growth and earnings drivers
  • “Push-Pull” business model
  • Technology penetration
  • Value strategy
  • Innovation leadership
  • Sustainability leadership
  • Selective technology penetration
  • Continuous process and cost optimisation

Medium-term goals

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Results
People
Planet
Profit
57%
managerial positions filled with internal candidates
Info
83%
transfer rate of apprentices
Info
AFR 8.2
accidents per million working hours performed
Info
99.8%
employees in production plants certified with ISO 45001
Info
56.8%
Improvement of eco-efficiency seit 2015
Info
150,591 t
CO2 emissions (-18.1%)
Info
99.8%
employees in production plants certified with ISO 14001
Info
3,840
million m3
water saved due to Geberit products
Info
+4.8%
Currency-adjusted net sales growth
Info
26.8%
Operating cashflow margin
Info
CHF 562 million
Free Cashflow
Info
CHF 20.48
Earnings per share
Info
Creating value for

Employees

Society

Environment

Customers

Shareholders

Materiality analysis
Sustainability strategy