Introduction
Geberit’s sustainability reporting is fully integrated in the online Annual Report, as it has been for some years. The company’s systematic and transparent communication on the subject of sustainability is addressed to a range of target groups, including customers and partners, investors, the general public and company employees. Overall, Geberit thus wishes to demonstrate to its stakeholders and shareholders the many and sustainable ways in which it creates added value. To this end, information is made available at different levels:
- Sustainability at a glance
- CEO statement on sustainability
- Business and financial review as part of the Annual Report with supplementary chapters on Employees, Customers, Innovation, Production, Procurement and logistics, Sustainability, Social responsibility and Compliance
- Materiality analysis and Sustainability strategy with objectives, measures and results
- Key figures sustainability and 10-year key figures environment
- SDG Reporting and Communication on Progress UNGC
- TCFD Reporting
- SASB Content Index
- Stakeholder Panel
- Audit Report Greenhouse Gas Balance
Since 2006, a sustainability performance report has been presented annually in accordance with the guidelines of the Global Reporting Initiative (GRI). As part of the reporting in compliance with GRI (first in accordance with the GRI G4 guidelines, then in compliance with the GRI Standards), Geberit was one of the companies that covered material topics with the “comprehensive” option from the beginning. For this reporting year, Geberit has implemented the new universal Standards from 2021 and is continuing to provide comprehensive reporting on all material topics as before. The corresponding GRI Content Index was checked in accordance with the GRI Content Index – Essentials Service and fulfilled the requirements, see GRI Content Index. The Report is available in German and English. The German version is binding. The SASB Content Index was created for the third time in succession for this reporting year along with, for the first time, a report on the effects of climate change on the company in accordance with the guidelines of the Task Force on Climate-related Financial Disclosures (TCFD), see TCFD Reporting.
As prescribed by the GRI, a Materiality analysis was the strategic starting point. In 2022, Geberit consulted an external Stakeholder Panel for the sixth time. Their mandate was to give feedback on the sustainability performance, materiality analysis, new CO2 strategy, strategic approaches on the topics of diversity and inclusion, and ESG governance. The external panel summarised the results in a panel statement. The response from Geberit to the panel statement illustrates how the recommendations are being taken into consideration in the further development of the sustainability strategy and reporting. The next stakeholder panel is planned for 2024.